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.