The value of the euro decreases and this means that Americans who spend leave in Europe will see their dollars going further. CNN mentioned.
The report said that the decline in the euro means that the dollar and the euro are almost in parity, and “the UK pound is also weak: it exchanges $ 1.20.”
This means more expensive vacations for Europeans and British.
Even if the dollar was strong, though, compared to the euro and the pound, hotel prices throughout Europe were increasing in some countries compared to May 2019 before the epidemic.
The average daily rates increased in May 2022 in Italy (23 percent), Ireland (21 percent) and Spain (17 percent) compared to the same period in 2019, According to Al -Alam Street.