8th May 2008, 20:45
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Join Date: Aug 2006
Location: USA - Berkeley, CA & Amherst, MA
Posts: 3,950
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Weak Dollar: Europe Offering Discounts to American Travelers
Interesting article on USA Today:
Excerpt:
Quote:
LONDON — Harry's Bar in Venice, a landmark where novelist Ernest Hemingway and other celebrities used to hold court, is offering a 20% discount on food for "American victims" of a bad economy.
Britain's tourism agency, VisitBritain, is letting Americans buy discount cards in dollars so they can see the sights for less.
[...]
The "rich American tourist" of the past is now viewed as a poor cousin. Europeans who count the USA as the No. 1 source of tourists fear they are staying away because of the economy and a weak dollar that is trading at a record low against the euro and a 16-year low against the British pound.
[...]
Not all the news is bad for attracting American tourists. The travel group AAA says its summer bookings for all of Europe are up 5% compared with last year. So are AAA's bookings for France.
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I'm headed to Europe soon and not looking forward to exchanging money... It's $1.54 to the euro now...
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