Falling price of Euro is going to help Europe Tourism suffering huge losses from Volcanic Eruption. Falling Euro has made Europe as cheap tourism destination, which will attract more tourists to travel.
Europe Tourism
Europe is certainly becoming a cheap tourist’s destination for American Tourists with falling Euro prices against US Dollar, therefore tour operators believe that in the European Summer they may see heavy tourists flow to Europe.
Academic and Industry Researchers has claimed that fluctuations in exchange rates effects flow of international tourists. Two years back Dollar felt against Euro to the record low levels, which resulted in less US Tourists traveling to Europe. This time experts believe reversal of what happened last time around.
The most popular tourists destinations in Euro Zone are Spain, Greece, France, Italy and Germany. These popular tourists destinations will be benefited from the fallen Euro. However, impact of Greece will remain to be very low due to the violence in the country.
On the other hand Spain is believed to be benefited most from the fallen Euro. Hotels prices in Spain have already fallen due to lack of tourists interest in the country. Now fallen Euro will only make it more attractive for tourists and will help Spain continue its momentum going forward.
All this will come only in play if the Iceland’s Volcano doesn’t cause more Havoc in the upcoming months. Volcanic Ash remains to be a big threat in the region. Spain, England, Germany all remains to be effected by the volcanic ash, therefore its very important that Volcano doesn’t cause much trouble to the tourists or the effects of fallen Euro will be minimum on the tourism industry.
To end on the positive note, Its probably the best time to travel your favorite destinations in Europe or reasonable prices. Just to give you an idea how you are going to save money by traveling to Europe, US Dollar price has fallen from $1.25 per Euro to $.85 per Euro, which means you, are going to save $40 per 100 Euros.
(thanks to the good pepole of Ceramic knives from Shenzhen knives to send us this)