Less Bang For A Buck
As the euro reaches record highs against the dollar, American tourists travelling in Europe are protesting
Original, timely global, travel, tourism, business news and research:
Apr 24, 2008
eTN Exclusive: Unique and original, timely, global breaking news:
As the exchange rate worsens, they're finding they're getting much less bang for their buck. In Spain, tourism associations expect visitor numbers to drop over the next few months as a result. "I went to the bank yesterday around the corner, exchanged six hundred, got three fifty two. I had to ask him: 'Are you sure this is correct?"
The pangs in the hip pocket nerve are being felt around Europe - American tourists visiting the Netherlands also complained about high prices. Tom Perros, American tourist: "You can't buy dinner for 70 or 80 bucks. You can't get a hotel room for less than 150 to 300dollars and I'm just talking about a normal room not a palace or anything."
Canadian tourists too are feeling the pinch. Carol Cameron, Canadian tourist: "We just saying that I don't know how you can afford the food prices. For hot dogs for instance, 4.95 euros - at home we have a hot dog for about 2 dollars fifty cents."
In Brussels as well, a tourist from Alaska, was shocked by the rise in the cost of her vacation. Sharon, Tourist from Alaska: "I'm astounded. We were pretty shocked because we'd been spoiled and used to our dollar being very strong. Usually we go to other countries and our dollar is worth more, and this time it's about half."
But it's not all bad news for the US. With the rise of the euro, more Europeans are expected to travel to the States, as they'll find a holiday there much less expensive.