The best value holiday destination for Brits – it’s 5 hours away, 35C in summer & the pound is worth 73% more this year

EGYPT has been named the 'best value for money' destination, according to the Post Office Travel Money analysis.

Brits will get almost 73 per cent more than a year ago for their pound – which is equivalent to more than £210 extra when exchanging £500.

The yearly guide compares common spending, like meals, drinks and other essentials in different countries.

A meal for two with a bottle of wine will cost around £48 in Sharm el Sheikh this year.

This is because the Turkish lira continued to fall against the pound last year and is now more than 180 per cent weaker than in 2020 during the pandemic.

Egypt might prove to be one of the cheapest destinations to visit in 2023.

Many locations within Egypt are worth seeing, but the biggest bargains will be in Hurghada and Sharm el Sheikh, if you're keen on a beach break.

Sharm el Sheikh is a year-round holiday heaven, with its prime location on the subtropical Red Sea surrounded by the Sinai desert and scorched by the North African heat.

While Hurghada is the second largest city on the Red Sea and has endless miles of beaches, coral reefs to explore, and a lively town centre.

All-inclusive stays are the biggest value for money at the moment, with plenty of deals under £500pp.

The biggest bargain we've found is at in Sharm el Sheikh, with week-long stays costing

If you'd rather use the hotel as a base and explore the region, bed & breakfast stays are available in the same price range.

For instance, seven nights b&b at in Sharm El Sheikh are available .

Here are some of the best deals we've found this year: