A recent surge in the value of the US Dollar has reduced the cost of travel. From hotel accommodations to miniature-Eiffel Tower key chains, no matter where you wish to travel you can now do so for less. Growing tired of the incessant wind chill, and overwhelming presence of snow at home? Take advantage of global economics and take a vacation!
Why is the Dollar so strong, will it last?
Here's the deal. Currently, many countries' economies are on shaky territory, in effect devaluing their own currencies as Europe continues to handle their debt crisis. Japan is officially in a recession, and China has noticed a substantially slower growth pace within the last year. Meanwhile, the United States economy has been progressing nicely, and subsequently, the Dollar's value has gained as well. Though not guaranteed, many economic experts expect the US growth to continue, which would further stimulate the Dollar's value, and entice international traders to make Dollar investments.
Glad to hear about the economy on the rise, but how does that help my travel dreams?
Well other than the obvious influx of discretionary income to many families that comes with a stronger economy, imagine this: You booked a trip last year to Paris, and reserved a room at a fancy downtown hotel for €300 EUR a night. When you booked the room, it cost you $410 at the then-current exchange rate, but now, that same €300 EUR only costs you $350, because of a highly favorable exchange rate.
The Euro has taken the largest dip when compared to last year's conversion rates, but the English Pound has also begun to decline in value, making the U.K or continental Europe both excellent destinations for Americans eager to cash in on the Dollar's steady rise in value.
Where should I go to make the most of this?
Of course your vacation destination is up to you, and following your own travel desires should take precedence over mere recommendations, but if you are open to suggestions, some European spots will provide "more bang for your buck."
Greece is a very attractive destination for austere travel this season, as many hotels, tour operators, and rental companies have been drastically reducing prices in a rush to fill rooms. The same can be said for parts of Spain - notably Madrid, and much of Portugal offers great savings to travelers as well.
Feeling a bit more adventurous this year? Capitalize on your increased capital by visiting central or eastern Europe where prices are significantly cheaper than their western European counterparts. Not only are many countries in central and eastern Europe stunningly beautiful (Prague - Czech Republic, Dubrovnik - Croatia, Budapest - Hungary, all come to mind), they are tragically under-explored and offer all the same vacation potential for a fraction of the costs, especially when considering the newfound power of the US Dollar.
Regardless of where you desire your next vacation to take place, be sure to seize the moment and use the US Dollar's recent rise to prominence to take the trip you couldn't afford last year - it'll be cheaper than you think.
Before setting off on 2015's next big adventure, let Auto Europe set you up with all the travel necessities, whether it be a car rental in London, a hotel reservation in Paris, airfare to Bucharest, or anything in-between. For over 60 years we've been assisting travelers in finding the best deals on all things travel, and this year is no different - well, except that the deals are better, and your Dollar is stronger.