Russian tourists see holiday prices in Egypt and Turkey more than double – Middle East Monitor

Holiday prices for Russian tourists wishing to visit popular destinations Turkey and Egypt have almost doubled since the invasion of Ukraine last month.

According to a report published Monday by the Aviation Information website, just flyciting data published by the Russian Travel Digest, the average price of an all-inclusive vacation package for two Russian travelers has increased by 80%.

While the average package holiday price for a ten-day all-inclusive holiday in Turkey was $680 at a three-star hotel at the end of last month, minimum average prices are now $1,170.

Egypt is another country frequented by Russian tourists and the average price for the same vacation package for two people was $750 during the same period. However, now the average prices stand at $1,245.

The main reasons for the surge in prices are the depreciation of the Russian ruble and the fact that the two countries are among the main coastal vacation spots still open to Russians.

READ: Israel and Egypt to open Tel Aviv-Sharm El-Sheikh airline

Earlier this month, Russia’s state-owned airline, Aeroflot, also canceled all international flights except for Minsk, Belarus. The impact of this has left tour operators with a severe shortage of seat capacity, the report says.

Unlike EU member states, the Turkish and Egyptian governments have assured Russia that they will not impose sanctions or close their airspace to Russian aircraft.

Last year, 4.7 million Russians visited Turkey and, together with Ukrainian tourists, they constitute the main source of income for Turkish hoteliers. Last year, Russians made up 19% of the country’s international visitors. Last month, Egypt Al Ahram reported that around 125,000 Russian tourists visited Egypt in the first two weeks of 2022.

However, the conflict in Ukraine could force the tourism industries of both countries to enter a price war to attract other visitors, both relying on Russian and Ukrainian tourists. “The combination of a currency crisis, rising costs and declining tourist numbers means that businesses in both countries will not recover from the pandemic, as once thought,” reported The media line earlier this month.

READ: Turkiye FM says Russia and Ukraine are ‘close to an agreement’

Holiday prices for Russian tourists wishing to visit popular destinations Turkey and Egypt have almost doubled since the invasion of Ukraine last month.

According to a report published Monday by the Aviation Information website, just flyciting data published by the Russian Travel Digest, the average price of an all-inclusive vacation package for two Russian travelers has increased by 80%.

While the average package holiday price for a ten-day all-inclusive holiday in Turkey was $680 at a three-star hotel at the end of last month, minimum average prices are now $1,170.

Egypt is another country frequented by Russian tourists and the average price for the same vacation package for two people was $750 during the same period. However, now the average prices stand at $1,245.

The main reasons for the surge in prices are the depreciation of the Russian ruble and the fact that the two countries are among the main coastal vacation spots still open to Russians.

READ: Israel and Egypt to open Tel Aviv-Sharm El-Sheikh airline

Earlier this month, Russia’s state-owned airline, Aeroflot, also canceled all international flights except for Minsk, Belarus. The impact of this has left tour operators with a severe shortage of seat capacity, the report says.

Unlike EU member states, the Turkish and Egyptian governments have assured Russia that they will not impose sanctions or close their airspace to Russian aircraft.

Last year, 4.7 million Russians visited Turkey and, together with Ukrainian tourists, they constitute the main source of income for Turkish hoteliers. Last year, Russians made up 19% of the country’s international visitors. Last month, Egypt Al Ahram reported that around 125,000 Russian tourists visited Egypt in the first two weeks of 2022.

However, the conflict in Ukraine could force the tourism industries of both countries to enter a price war to attract other visitors, both relying on Russian and Ukrainian tourists. “The combination of a currency crisis, rising costs and declining tourist numbers means that businesses in both countries will not recover from the pandemic, as once thought,” reported The media line earlier this month.

Sharon P. Juarez