Save 20% on European Travel
For years, the strength of the Euro has kept a great many Americans on this side of the pond. However, with the Euro’s recent weakening against the Dollar, European travel is becoming more affordable.
In 2008, the Euro stood at $1.60 against the Dollar. Today, the Euro stands at $1.30.
Falling Euro Brings American Travelers a 20% Savings From 2008 Levels!
In 2008, a seven-night European hotel at €400/night cost Americans $4,480. Today, that same hotel will cost $3,640. Nearly a 20% savings from 2008 levels.
Now, before you get your European giddiness in high gear, we must also realize that the exchange rate doesn’t take into account any price increases that may have occurred since 2008. With inflation, that €400 Euro hotel room has certainly seen some upward pricing pressure.
Nonetheless, this is good news for American travelers, and certainly something to keep an eye on.
In the meantime, take a look at European countries where the Euro is falling and their economies are experiencing financial hardship. Ireland, Greece, and Portugal come to mind.
Who knows, 2012 just might be the year of the American in Paris.