As they say, the shoe is now on the other foot.
After years of enjoying the benefits of a strong US dollar, American travelers are now feeling the pinch as the greenback tumbles back down to earth.
Ol' Sacagawea just ain't what she used to be. (2008).
In the last 24 months, the US dollar has slid 10% against both the Canadian dollar and the British pound, and a staggering 21% against the euro. Everything else being equal, a lower currency makes vacationing in foreign countries more expensive, and the current deflated state of the US dollar is undoubtedly changing Americans’ traveling preferences as we head into the summer holiday season.
According to Rodrique Ngowi of the Chicago Sun-Times, “(American) vacationers are paring the number of days they plan to spend at exotic locations abroad, buying all-inclusive foreign travel packages to cushion themselves against currency exchange shocks or just planning trips closer to home.”
Others have been forced to cutback even more drastically ...
Click here, for the full story at Ethical Traveler.
As part of his plea bargain, Felix writes for the Ethical Traveler news team. Ethical Traveler is a project of the California-based Earth Island Institute.