Euro strengthening makes traveling to the USA and Asia cheaper!

Euro strengthening makes traveling to the USA and Asia cheaper!

Türkei, Land - The euro has gained a lot of strength compared to the dollar since the beginning of the year and marks an exchange rate of 1 euro = $ 1.14 compared to $ 1 = $ 1.04 at the beginning of the year. This development is interpreted as a result of the falling trust in the US currency. Explan expert Michael Pfister from Commerzbank emphasizes that the euro compensated for the losses from the autumn of the previous year when the course almost tended to parity. Despite this positive development, Pfister advises not to take short -term exchange rate movements when planning vacation planning, while long -term trends can have significant influence on travel decisions. Traveling to the USA has become significantly cheaper, and long -distance travel destinations in Asia such as Thailand and South Africa are also attracting attractiveness, although the flights there are more expensive. However, the cost of living in these countries is usually lower.

The holiday planning for Turkey is particularly critical. Despite the weak lira, the vacation there has become more expensive. This is due to the high inflation, which has significantly increased the costs for German tourists. The inflation rate in Turkey rose from 38% in June 2023 to alarming 64.8% in December 2023, and another increase is expected for 2024. This will inevitably lead to higher prices in hotels and restaurants. The average prices for hotel rooms are now 138 euros in Istanbul and 110 euros in Antalya, which corresponds to an increase of 37.4% compared to 2022. Nevertheless, Turkey remains a popular holiday destination in 2024, especially on the Aegean and the Riviera, since the holiday resorts are well adjusted to the end of the package and offer long sandy beaches and excellent bathing conditions.

price development and reactions of vacationers

Despite the increasing prices, the bookings from Germany remain at a high level. German vacationers tend to save on vacation instead of completely avoiding travel. While individual trips offer advantages through the lower lira course, package tours often become more expensive. Tour operators are under pressure to develop new offers; Interesting basic packages instead of expensive all-inclusive offers are required. Russian tour operators are already offering alcohol-free all-inclusive packages that are cheaper and thus represent an interesting alternative.

This shows that the exchange of exchange and inflation creates a complex situation for travelers who hold both opportunities and challenges. Europe remains the preferred holiday destination of the Germans, especially on the Mediterranean. Exchange course effects in Europe have not been relevant since the introduction of the euro. Interested parties should consider these aspects in their travel planning and, if necessary, make targeted adjustments.

For more information and details on the current exchange rates and their effects on travelers, a look at the article by Tagesschau as well href = "https://www.reisereporter.de/reisen/tuerkei-urlaub-2024-inflation-und-lira-kurs-fuer-wokctzw5wvaupmioz4fwhy72pm.html"> Reisere reporter .