I have a theory on travel to europe...can anyone verify it?
#1
Original Poster
Join Date: Jul 2011
Posts: 142
I have a theory on travel to europe...can anyone verify it?
Okay, so the € (euro)has not sunk down to where europe has become "attractive" again, but i keep hearing they are in recession (they=periphery nations). I expect, and my theory is, there is some deflation in prices of rooms and general travel necessities (cabs, food, etc.) is going on there under our noses. Can anyone validate my conjecture: is europe more attractive than the euro leads everyone to believe?
Im dying to go back there on vacation, but if there is true inflation and a strong currency, im waiting until the currency goes below $1.20/dollar. If it is a 1.30 currency and everything is deflated 10% im in!
Thanks!
Im dying to go back there on vacation, but if there is true inflation and a strong currency, im waiting until the currency goes below $1.20/dollar. If it is a 1.30 currency and everything is deflated 10% im in!
Thanks!
#2
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There's no way to answer your question without defining "attractive."
Go online and price out hotels where you want to travel, price out train tickets between the cities, check sample restaurant menus online and decide if the price seems fair.
If the total matches your expectations and budget, it's attractive, go.
Go online and price out hotels where you want to travel, price out train tickets between the cities, check sample restaurant menus online and decide if the price seems fair.
If the total matches your expectations and budget, it's attractive, go.
#5
Join Date: Feb 2009
Posts: 64
Definitely depends on where you want to go. Not everywhere has the Euro either. England still seems very reasonable compared to countries I've visited in the last two months, including The Netherlands, Germany, Denmark, Sweden & Norway. Norway, especially, is eye-wateringly expensive.
#6
Join Date: Apr 2009
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Wouldn't you rather have $1.1/euro and prices to fall 10% (deflation)? Then you'd have increased buying power in $ by almost 20%....
#7
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I was going to post this in the high prices in Greece thread....
http://www.slate.com/articles/busine...tourists_.html
http://www.slate.com/articles/busine...tourists_.html
#8
Join Date: Sep 2004
Posts: 2,443
Definitely depends on where you want to go. Not everywhere has the Euro either. England still seems very reasonable compared to countries I've visited in the last two months, including The Netherlands, Germany, Denmark, Sweden & Norway. Norway, especially, is eye-wateringly expensive.
#9
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For more discussion, I'll move this to the Destinations-> Europe forum. Ocn Vw 1K, Moderator, TravelBuzz.
#10
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Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
way back when
i recall the british pound getting close to parity with the us dollar maybe pound =1.02 or so $. a short time later, the euro went to 80 cents(i think). I ALSO THink around then, i was getting 4 or 5 french francs for a us dollar. maybe even 7-8 for a dollar. and 1800 irtalian lira for a dollar. should i wait for that again?
i think not.
i think not.
Last edited by slawecki; May 22, 2012 at 5:14 pm
#11
Join Date: Oct 2008
Location: Happily living in Frenaros Cyprus having escaped the near-death experience called Sofia Bulgaria
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Here in Cyprus, the tourism industry (Cyprus' main industry) is hurting. But the taxi drivers still gouge and cheat you and go on strike because they do not want competition from the public buses, the restaurants charge insane prices (unless you know where the locals go), and there are no great airfare deals. Hotels may be offering some good deals, but I haven't checked (because I live here).
#12
Join Date: Feb 2005
Posts: 466
With regard to Italy, hotel prices might get you some good deals depending on stay dates. Big event/tourism peak dates I see no deflation, and I'm in the travel industry.
Cab prices have gone up and so have food prices due to the massive increase in fuel costs. Restaurant prices are going to reflect that.
As I see it, at the end of the day the only thing that is going to make a difference is how stronger your own currency has got as compared to the euro.
Cab prices have gone up and so have food prices due to the massive increase in fuel costs. Restaurant prices are going to reflect that.
As I see it, at the end of the day the only thing that is going to make a difference is how stronger your own currency has got as compared to the euro.
#13
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i recall the british pound getting close to parity with the us dollar maybe pound =1.02 or so $. a short time later, the euro went to 80 cents(i think). I ALSO THink around then, i was getting 4 or 5 french francs for a us dollar. maybe even 7-8 for a dollar. and 1800 irtalian lira for a dollar. should i wait for that again?
i think not.
i think not.
#14
Suspended
Join Date: Jan 2002
Posts: 22,778
Okay, so the € (euro)has not sunk down to where europe has become "attractive" again, but i keep hearing they are in recession (they=periphery nations). I expect, and my theory is, there is some deflation in prices of rooms and general travel necessities (cabs, food, etc.) is going on there under our noses. Can anyone validate my conjecture: is europe more attractive than the euro leads everyone to believe?
Im dying to go back there on vacation, but if there is true inflation and a strong currency, im waiting until the currency goes below $1.20/dollar. If it is a 1.30 currency and everything is deflated 10% im in!
Thanks!
Im dying to go back there on vacation, but if there is true inflation and a strong currency, im waiting until the currency goes below $1.20/dollar. If it is a 1.30 currency and everything is deflated 10% im in!
Thanks!
Deflation is opposite of inflation.
You can have
- recession and inflation, or even hyperinflation.
- recession and deflation
- stagnation and inflation.
- robust economic growth and inflation.
In a recession, quantity of goods produced goes down too. Despite the reduction in production, you can still have too much money chasing too few goods- which is inflation-- which is the case in Greece. Deflation will accompany a recession only if money supply decreases faster than quatity of goods produced.
#15
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Join Date: May 2012
Posts: 1
@ fusscharles:
It really depends where you go in Europe, since the living conditions and prices are so different. For example, London and Paris are still very expensive because of the high tourism rates. But if you go to other countries like Italy and Spain, the prices are usually much lower even if they use the same currency. I would advise you to go as soon as possible though, since the prices might go up really soon!
It really depends where you go in Europe, since the living conditions and prices are so different. For example, London and Paris are still very expensive because of the high tourism rates. But if you go to other countries like Italy and Spain, the prices are usually much lower even if they use the same currency. I would advise you to go as soon as possible though, since the prices might go up really soon!