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A recent study found that going on a trip abroad this summer might actually be cheaper than going on vacation in the country. The study is sure to surprise travellers, who have been hearing for months about the current cost of airfare and hotel stays – but travelers may well be scrambling to find their passports and book a trip to abroad for the next ones. month.
Made possible by a range of different factors, the study shows that affordable international vacations are not just a thing of the past as many currently believe, but a feature of today’s travel as well. Here’s which destinations, according to the study, U.S. travelers can save money by visiting this summer — plus a look at other international destinations that are currently showing good value for money.
International travel is not always exorbitant
Despite frequent news articles telling travelers otherwise, international travel doesn’t have to break the bank – or so a recent travel study tells us. A study by travel booking platform Hopper found that several top destinations for US travelers could be well within budget — and, in many cases, even cheaper than going on a domestic vacation.
The reason why? The strength of the dollar against other currencies. Today, a US dollar can buy around 0.94 euros, making it one of the rare occasions when the two currencies have nearly reached parity – all this while the prices of flights and hotels in the United States increase. In simple terms, this means that a traveler’s budget in Europe will increase by 15% compared to last summer and by 6% compared to the same period in 2019 thanks to the strong dollar, which will contribute more than to compensate for the high price of plane tickets.
The survey also reveals that while airfares have generally increased in all areas, this is not the case for all destinations. Despite an overall increase of almost 15% for international flights and more than 30% for domestic flights compared to 2019, some destinations in Europe have indeed seen their ticket prices fall in recent years.
Airfares to Portugal fell by 11% compared to 2019, with tickets to Croatia also falling by 8.4% over the same period. Other countries, such as Ireland and Greece, will cost more or less the same price they paid in 2019, with airfare increases of less than 1%. Outside the EU, the main countries to target for cheap holidays are Chile, Sweden, Denmark and Norway, where flight prices have fallen and the dollar is performing well against the local currency. .
Despite small overall price increases, travel in Europe can still be expensive for travellers. Flights to Mexico and the Caribbean are cheaper and have also seen a much smaller increase in airfare prices compared to domestic flights and flights to Europe, meaning that travel to major destinations such as Mexico, Jamaica and the Dominican Republic are even more attractive now than they were before.
The study also offered some general tips for saving money before and during the holidays. These included ordering currency from a bank before a trip to get the best exchange rate and, when abroad, paying in the local currency if possible to get the best exchange rate and price. Traveling abroad can still cost a penny, but it can now cost less than you previously expected.
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