CHEAPER - EURO ATTRACTS TOURISTS FROM THE USA TO EUROPE

HOME

Weekly Travel News

CHEAPER - EURO ATTRACTS TOURISTS FROM THE USA TO EUROPE

CHEAPER - EURO ATTRACTS TOURISTS FROM THE USA TO EUROPE Andrea Hausold - Jul 18, 2022 0 Listen to this article 00:03:11 Your browser doesn’t support HTML5 audio

Many Americans are more eager to travel than they have been for a long time because of the cheap euro compared to the dollar; Europe is the destination of the season. This is the first in 20 years from now on; one euro is equal to one dollar.

This parity will majorly impact the tourism sector, especially for airlines that trade fuel in dollars. Overall, everything imported will become more expensive. On the other hand, Americans who travel to Europe will have greater purchasing power and will probably spend more. On the other hand, the Europeans who travel to the United States will be penalized.

The travel group is likely to meet many compatriots at their vacation destinations. The elimination of Corona restrictions and the euro crash make Italy, France, and Germany the top destinations for many Americans this summer. Always beckoning are the Colosseum, the Eiffel Tower, and Neuschwanstein. But the prospect of an unprecedented bargain now provides the final thrill. "Now is the best time for a trip to Europe," reports the financial news agency Bloomberg. And the CBS network promises its viewers: "Everything from croissants to a cab ride to luxury goods will be cheaper than they've been in decades."

If you look at the exchange rate, this is hardly exaggerated. After all, visitors from the U.S. had to pay just under $1.60 for one euro in the summer of 2008. A year ago, it was still 1.19 dollars. Now there is virtually parity: a dollar is worth as much as the euro. The reputable New York Times: more vacation for the same money. And Mark Zandi, the respected chief economist at Moody's analysis firm, advises, "If you want to travel and have money left over, do it now."

Prices are at their highest since November 1981 in America

The dollar is galvanized by its status as a safe haven in a context of slowing activity but also by the repeated rate hikes of the Federal Reserve.

The US central bank is not succeeding in bringing inflation down for the time being: consumer price inflation accelerated again in June in the United States and is now at its highest level since November 1981.

Interest in a trip across the Atlantic is correspondingly high. The data collectors at the travel portal Expedia recorded a 25 percent increase in search queries for flights to Paris and Frankfurt within one week at the beginning of July. In any case, Americans' desire to travel has been high since the Corona pandemic subsided.

Initial figures for this year confirm the trend: the number of overnight stays by U.S. citizens in Germany from January to April quadrupled year-on-year to a good 800,000. However, there had been a dramatic slump in the Corona years of 2020 and 2021. In 2019 as a whole, just under seven million overnight stays had still been recorded.

Related articles tourism TOURISM IN EUROPE: RAPIDLY CHANGING SECTOR tourism TRAVEL HABITS OF GERMANS IN 2022: FOCUS ON EUROPE AND FLEXIBILITY airport ONE BILLION TO RENOVATE AMERICAN AIRPORTS destination TOP 10 PLACES TO VISIT IN ATLANTIC CITY, NJ Comments Add Comment

• {{message}}

{{#errors}}
• {{error}}
{{/errors}}

Afghanistan Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia & Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Chile China Colombia Costa Rica Croatia Cuba Cyprus Czech Republic Denmark Djibouti Dominican Republic East Timor Ecuador Egypt El Salvador Eritrea Estonia Ethiopia EU Faroe Islands Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Global Greece Greenland Grenada Guaedloupe Guam Guatemala Guernsey Guyana Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kurdistan Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Maledives Malta Marshall Islands Martinique Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Nigeria Niue Norfolk Island North Korea Northern Mariana Islands Norway Oman Other Other Other Other Other Other Other Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Kitts and Nevis Saint Vincent & the Grenadines Samoa (American Samoa) Samoa (Western Samoa) San Marino Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Somalia South Africa South Korea Spain Sri Lanka St Martin Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syria Taiwan Tanzania Thailand Tibet Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine UNESCO United Arab Emirates United Kingdom UNWTO Uruguay USA Uzbekistan Vanuatu Vatican Venezuela Vietnam Virgin Islands (British) Virgin Islands (U.S.) Yemen Zambia Zimbabwe

DON'T MISS statistic FOREIGN TOURISTS ARE COMING BACK TO COLOMBIA Marketing ITALY: NUMBER OF TOURISM WEBSITES INCREASED BY 543% tourism EGYPT AUTHORIZES STREET PHOTOGRAPHY tourism GREEK TOURISM SECTOR SET TO SUCCEED LATEST REVIEWS Tourism Review Online Magazine 1 / 2021 Tourism Review Online Magazine 1 / 2020 Tourism Review Online Magazine 1 / 2019