Connect with us

Business

Strong Dollar Makes World Travel Cheaper for Americans

Published

on

In this Tuesday, March 22, 2011 file photo, tourists take pictures in front of Rome's ancient Colosseum. A strong U.S. dollar is making world travel cheaper for Americans in 2015. (AP Photo/Gregorio Borgia, File)

In this Tuesday, March 22, 2011 file photo, tourists take pictures in front of Rome’s ancient Colosseum. A strong U.S. dollar is making world travel cheaper for Americans in 2015. (AP Photo/Gregorio Borgia, File)

DAVID KOENIG, AP Airlines Writer

DALLAS (AP) — If you’ve been putting off a trip abroad because it’s too expensive, start packing your bags.

A stronger dollar has reduced the price of travel, from a hotel room to a glass of beer, in much of Europe, Japan, India and elsewhere.

“This is one of the best times for Americans to travel in years,” says Matt Kepnes, author of “How to Travel the World on $50 a Day” and other travel books.

WHY THE DOLLAR IS STRONG

Other economies are shaky, making their currencies less valuable. Europe is barely growing. Japan is already officially in recession. China’s growth has slowed. Meanwhile, the U.S. economy has been chugging along, and the dollar has gained too. Many economists expect that steady U.S. growth will compel the Federal Reserve to raise interest rates later this year, making dollar investments more attractive and leading traders to sell other currencies and buy dollars.

WHAT IT MEANS

Let’s say that in June you had a charming dinner for two in Paris for 75 euros. First, congratulations. Second, it cost $103 then; today it would be $89. Expensive countries may not be cheap, but at least they’re more affordable now.

BEST BARGAINS

Thanks to the pound’s decline, England is cheaper than it was six months ago. But the euro has slumped more, making most of continental Europe an even better bargain. Travel writer Kepnes says Greece is attractive right now because hotels and tour operators have been slashing prices to fill rooms. The same thing is happening in Portugal and parts of Spain.

“Be the contrarian traveler,” Kepnes says. “If you want to go to Europe, consider eastern or central Europe, where prices are generally cheaper,” he says. He recommends going during the “shoulder season” — late spring or early fall — rather than in the peak summer season.

WHEN TO BOOK A FLIGHT

Demand for travel is so strong that most airlines don’t have to cut prices to sell seats.

“The summer fares are still very expensive,” says George Hobica, founder of travel website airfarewatchdog.com. But airlines might cut prices this spring if the strong dollar discourages Europeans and Asians from flying to and from the U.S.

CONSIDER ALL THE OPTIONS

Hobica recommends checking foreign airlines. He says Etihad, Qatar Airways, Turkish Airlines and others sometimes offer better prices to Europe than U.S. carriers do, although they could include a distant stopover.

___

AP Markets Writer Matthew Craft in New York contributed to this report.

You can reach David Koenig at http://twitter.com/airlinewriter

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of November 20 – 26, 2024

The printed Weekly Edition of the Oakland Post: Week of November 20 – 26, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of November 13 – 19, 2024

The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST

Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST

Published

on

video
play-rounded-fill

Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST

Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?

Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.

STREAMED LIVE!
FACEBOOK: facebook.com/PostNewsGroup
YOUTUBE: youtube.com/blackpressusatv
X: twitter.com/blackpressusa

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.