Egypt is considered a relatively cheap travel destination in 2024 primarily because of the devaluation of the Egyptian pound.
This single factor significantly impacts the cost of goods and services for tourists visiting Egypt, making it an affordable option compared to many other countries. Reputable sources like CNTraveler and The Telegraph have highlighted this affordability.
Here's a breakdown:
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Devaluation of the Egyptian Pound: The Egyptian pound's value has decreased significantly against major currencies like the US dollar and the Euro. This means that tourists exchanging their currency into Egyptian pounds get more for their money, directly translating into lower prices for accommodation, food, transportation, and activities.
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Direct Impact on Tourist Expenses:
- Accommodation: Hotels and other lodging options become more affordable as their prices, when converted back to foreign currencies, are lower.
- Food & Drink: Restaurants, cafes, and grocery stores offer relatively inexpensive options compared to prices in Europe or North America.
- Transportation: Local transportation, including taxis, buses, and even domestic flights, is cheaper for tourists holding stronger foreign currencies.
- Activities & Sightseeing: Entrance fees to historical sites like the pyramids, temples, and museums, as well as the cost of tours and excursions, are lower when expressed in foreign currencies.
In summary, the primary reason Egypt appears so cheap to visit in 2024 is the weakness of the Egyptian pound, which significantly lowers the cost of travel expenses for those holding stronger currencies.
