$138 for a $100 Room?
More than half of Americans are planning summer traveling vacations this year, according to a new Harris Interactive poll.
My in-laws are part of this group, planning a month-long jaunt to Europe that they nearly canceled after the recent terror scares in Britain and Scotland. The trip is still on, but now they're dealing with more than just their passports and comfort levels.
They're dealing with rising costs for American tourists in many countries worldwide. For instance, today the euro trades for $1.37741 - more than any other time in this currency's brief history. (That's not unlike the exchange rate when the dollar, in its hay day, trumped Canadian currency. Today Canadian money is nearly interchangeable for American money, at one Canadian dollar for every 95 U.S. cents.)
Sure, the euros' rise is good news for U.S. exports to Europe, because it makes American goods cheaper there. However, it's bad news for American vacationers who now are paying more for hotel rooms, entertainment and more while indulging in their Europhilia.
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Comments: 5
One example, I love Nivea Cream and can buy it here in the states BUT the same product made in Germany is different and works better - it comers in a round flat tin and I don't know if the production laws are different or what but it is the best stuff I have ever used. Also even having it shipped in quantity it is still cheaper ounce for ounce. Go figure.
Ah, too bad I had to spoil it for you Dan. ; )