Anyone re-thinking European vacation due to weak $ ?
#16
FlyerTalk Evangelist
Join Date: Nov 2002
Location: Freeload Univ. Where are you sitting?
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Flying to Paris on award tix. Staying at Paris Hilton on award. Assuming the crowds will be thinner. Planning on having a great time.
At my age, I don't even buy green bananas any more, so putting it off until "whenever" isn't really an option.
At my age, I don't even buy green bananas any more, so putting it off until "whenever" isn't really an option.
#17
Join Date: May 2003
Location: RDU
Programs: TSA/INS/FBI Platinum (stopped last 12 of 13 int'l returns - the computer broke once)
Posts: 2,638
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Boraxo:
Definitely a minus factor. Will not even consider France due to their anti-American sentiment, though Italy is a possibility, especially if we see more $216 fares to Venice.
At this point, I am more likely to book Thailand or Argentina - the dollar is king in both those places and fares (particularly to Asia) are dirt cheap.</font>
Definitely a minus factor. Will not even consider France due to their anti-American sentiment, though Italy is a possibility, especially if we see more $216 fares to Venice.
At this point, I am more likely to book Thailand or Argentina - the dollar is king in both those places and fares (particularly to Asia) are dirt cheap.</font>
#18
Original Member
Join Date: May 1998
Location: CH-3823 Wengen Switzerland
Programs: miles&more, MileagePlus
Posts: 27,041
Swiss tourism is more hit by SARS than by the exchange-rates (we miss the 'big 3-day vacation package loads' from Japan and Corea).
Hotel nights in Switzerland in April were, in average, down 18% compared with a year before ...
Swiss (non EU member) economy in general is more 'dependend' from the Swiss Franc - Euro exchange rate as more than 2 thirds of our exports and imports go/come-form the EU, but indirectly, if the exporters out of the EU to the U.S.A suffer, our turnover with them will also be hurt.
Hotel nights in Switzerland in April were, in average, down 18% compared with a year before ...
Swiss (non EU member) economy in general is more 'dependend' from the Swiss Franc - Euro exchange rate as more than 2 thirds of our exports and imports go/come-form the EU, but indirectly, if the exporters out of the EU to the U.S.A suffer, our turnover with them will also be hurt.
#19
Join Date: Jun 2002
Location: Hyde Park, Ma, usa
Posts: 190
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by lqdnitin:
With the administration removing support for the USD, European expenses in dollar terms are 20-25% higher than they were just last year. Seems as though travel to Europe is off (judging by the persistence of low airfares).
Curious if anyone will use their budget for "more" vacation elsewhere.</font>
With the administration removing support for the USD, European expenses in dollar terms are 20-25% higher than they were just last year. Seems as though travel to Europe is off (judging by the persistence of low airfares).
Curious if anyone will use their budget for "more" vacation elsewhere.</font>
#20
Join Date: Jun 2002
Location: Hyde Park, Ma, usa
Posts: 190
At 25% higher, my room at a no star hotel was 57e. A beer was 1.75e, A manhattan drink was 3.75e, A pizza 8e, A steak was 14e, coffee 2e, news paper 1.50e, night club entrance 5e, coat check 2e, train from airport rt 7.50e, tram 2e, tobacco 5.50e, taxi 13e, bike rental 10e (a day), gym entrance 10e (every other day), local phone calls 2e (day). So here is what could be a 25% jump.
#21
Original Poster
Join Date: Jun 2002
Posts: 290
I heard an interview on TV the other day of a hotel manager in Paris complaining about the lack of tourist traffic. He tried to make the case for visitors, particularly Americans, to consider anti-American sentiment as being of the government and not of the populous as a whole.
Though USD purchasing power continues to drop, EUR/GBP prices seem to be very reasonable. Just bought the tickets (had considered miles, but the fare was too low ), and recent PL hotel bids seem to be a great value.
Ground transport and nice dinners will make a dent in the wallet, but otherwise the slowdown in travel seems to be taking its toll on prices.
Though USD purchasing power continues to drop, EUR/GBP prices seem to be very reasonable. Just bought the tickets (had considered miles, but the fare was too low ), and recent PL hotel bids seem to be a great value.
Ground transport and nice dinners will make a dent in the wallet, but otherwise the slowdown in travel seems to be taking its toll on prices.
#22
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Join Date: Dec 2002
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by lqdnitin:
I heard an interview on TV the other day of a hotel manager in Paris complaining about the lack of tourist traffic. He tried to make the case for visitors, particularly Americans, to consider anti-American sentiment as being of the government and not of the populous as a whole.
</font>
I heard an interview on TV the other day of a hotel manager in Paris complaining about the lack of tourist traffic. He tried to make the case for visitors, particularly Americans, to consider anti-American sentiment as being of the government and not of the populous as a whole.
</font>
According to recent media reports, the French boycott has really hurt French exporters, etc. I love Paris, but they won't be getting un franc until they apologize and admit the error of their ways. There are just too many other people that are competing for my business and haven't stabbed me in the back.
#23
Join Date: May 2002
Location: Newcastle, Australia.
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Posts: 2,637
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by lqdnitin:
With the administration removing support for the USD, European expenses in dollar terms are 20-25% higher than they were just last year. Seems as though travel to Europe is off (judging by the persistence of low airfares).
Curious if anyone will use their budget for "more" vacation elsewhere.</font>
With the administration removing support for the USD, European expenses in dollar terms are 20-25% higher than they were just last year. Seems as though travel to Europe is off (judging by the persistence of low airfares).
Curious if anyone will use their budget for "more" vacation elsewhere.</font>
Diddums, try coming from here, where our dollar used to buy up to US$1.20 or thereabouts, to when it bought US$0.47 the last time I was in the States.
Sheesh!
#24
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Join Date: Nov 1999
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Posts: 21,808
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Boraxo:
- 70-90% of the population of France, </font>
- 70-90% of the population of France, </font>
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">I love Paris, but they won't be getting un franc until they apologize and admit the error of their ways. There are just too many other people that are competing for my business and haven't stabbed me in the back.</font>
#25
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Join Date: May 2000
Location: أمريكا
Posts: 26,763
I'm still going; I'll just have to look for other ways to save money.
Jingoism, nationalism and fake patriotism aren't going to stop me from enjoying a trip to France. After all, the US owes its existence to France.
d
Jingoism, nationalism and fake patriotism aren't going to stop me from enjoying a trip to France. After all, the US owes its existence to France.
d
#27
Join Date: Aug 2000
Location: Chicago, IL and Hong Kong - United 1K Since 2000
Posts: 4,344
Airfare this summer US-Europe is at a new low... EWR-AMS is only $193+tax on CO/US/SQ!
Since airfare is a pretty big part of the expenses, it might not be so bad. We're used to airfare more near 600-800 for the summer months.
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When once you have experienced being a 1K, you will forever fly the friendly skies with your eyes set on 100% mileage bonus and SWUs, for there you have been, and there you will always long to return, every year!
Since airfare is a pretty big part of the expenses, it might not be so bad. We're used to airfare more near 600-800 for the summer months.
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When once you have experienced being a 1K, you will forever fly the friendly skies with your eyes set on 100% mileage bonus and SWUs, for there you have been, and there you will always long to return, every year!
#29
Join Date: Nov 2002
Location: New York City
Posts: 4,002
FlyJessy,
Are you asking whether you should use currency traders, ATM machines, travellers' cheques, or credit cards for foreign currency transactions?
I think it's agreed that currency traders usually provide the worst value. ATM machines generally provide the interbank rate, except some banks add a hefty fee. Travellers' cheques cost a set fee to exchange, so they basically fall under the currency trader category, I think. If you can pay by credit card, you will be charged the interbank rate plus a set percentage of 2-3%(depends on your credit card provider, and some people seem to have no additional percentage charges). Whatever you do, stay away from cash advances on your credit card.
That's how I understand it - I'd be glad to hear from others.
Are you asking whether you should use currency traders, ATM machines, travellers' cheques, or credit cards for foreign currency transactions?
I think it's agreed that currency traders usually provide the worst value. ATM machines generally provide the interbank rate, except some banks add a hefty fee. Travellers' cheques cost a set fee to exchange, so they basically fall under the currency trader category, I think. If you can pay by credit card, you will be charged the interbank rate plus a set percentage of 2-3%(depends on your credit card provider, and some people seem to have no additional percentage charges). Whatever you do, stay away from cash advances on your credit card.
That's how I understand it - I'd be glad to hear from others.
#30
Original Member
Join Date: May 1998
Location: CH-3823 Wengen Switzerland
Programs: miles&more, MileagePlus
Posts: 27,041
if you are (timewise a little bit) flexible, my guess for this summer season is, that the 'damage' by the currency-changes (US$ = Euro) for travellers from the USA to Europe is, at least regarding hotel-costs outbalanced by the heavily (as never before in my experience) discounted hotel-prices you can get if you 'insist'. Hotel bookings in Central Europe are as low as never before (in the last 20 years) for this summer 2003.