If you’re fortunate enough to have the cash, the strong dollar makes European travel very attractive — with one important caveat
Many Americans, facing record-high inflation and interest rates, can’t afford to travel right now. But for the lucky ones who can, this might be the perfect time to book a trip to Europe.
As a result, U.S. travelers who are able to jump on a good deal can take advantage of this moment to jet across the Atlantic and stretch their dollars further, saving money on food, souvenirs and other goods purchased in the local currency. “‘If a hotel night had cost you $100 six months ago, you’d be able to get that same hotel — assuming the [local] price is the same — for $80.’”
“Those deals [for travel to Europe], which had been pretty elusive over the summer, are now back in a big way as we get into a more shoulder season of travel into the fall and winter,” Keyes said. “Since about June, average fares have started coming down — and coming down quickly.” Not everyone can afford to travel However, splashing out on an international vacation is a treat that fewer Americans can afford as they cope with surging housing costs, higher food prices and dwindling savings.
“Splashing out on an international vacation is a treat that fewer Americans can afford as they cope with surging housing costs, higher food prices and dwindling savings. ”And even if you have plenty of cash set aside, you may still have to budget for domestic travel this holiday season, especially if you want to visit family or friends in another state. That is “almost always an expensive endeavor,” Keyes said.