Low Euro attracts Americans and Chinese


I remember the days when it almost paid to travel to the US to fill your case with cheap clothes and going back further when I backpacked around Australia, I could live the high life for next to nothing.

The Euro remains low, in particular against the Pound Sterling, the Chinese Yuan, and the US Dollar. The Euro has been struggling against many currencies but the drop is most distinct against Dollar. This time last year the value of €1 EUR was $1.40 USD this year it has gone down to $1.057 USD. This almost 12 year low against the US Dollar means American tourists are having a heyday in Europe. American bookings have increased by 20 percent so far as confirmed by European tourism officials and American travel companies. There has been about 15 to 20 percent increase in reservation in Greece by tourists from the U.S. More growth is anticipated with the Dollar strengthening over Euro.

Chinese tourists are also finding Europe to be quite reasonable as their economy has risen by 20 percent and tourists are looking forward to spending more than they did in the last year.

Paris is the top destination among the American tourists. 10 million American tourists have chosen to visits Paris last year and the number is expected to rise to 11 million this year. Other highlights in Europe that I would recommend to any American tourist include Monaco (always), Capri  and the Amalfi Coast and Venice where I will be heading in May. All these destinations are unique and very special.

Holidays in Europe have become much cheaper than in America, so Europe is definitely a wise choice this year. It’s certainly my destination of choice for 2015 – €1,000 EUR nights are costing me much less at the moment- hurray!

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