Brits flood the Algarve as tourist numbers crash in France
The depreciation of the pound against the euro has not stopped tourists from the UK continuing to travel to euro destinations with spending in Portugal up a pleasing 10%. Other destinations, notably France, Turkey and Egypt, are experiencing sharply lower numbers.
Algarve tourism business owners have been surprised that, despite a post-Brexit depreciation in the pound against the euro, the reduction in the purchasing power held by UK tourists has not caused a decline in bookings nor in daily spend when Brits are let loose with their holiday cash.
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