Articles tagged “dollar”

Tourism

Japan’s Prime Minister Vows to Raise Tourism Spending to $35 Billion

The chances of an economic recovery will be boosted by a stronger dollar coupled with the relaxation of travel restrictions, but as with most other nations, inflation remains a danger.

Daniel Leussink, Reuters | 1 year ago

Japan’s Prime Minister Vows to Raise Tourism Spending to $35 Billion

News Blog

UK Tops European Hotspot List for U.S. Travelers

American tourists are flocking to the UK over other European destinations, new data shows. Post-Covid pent-up demand has collided with the strong dollar, according to the latest figures from travel agency Trip.com, with a 678 percent surge in searches for U.S. to UK flights in the first six months of 2022, compared to the same…

Matthew Parsons | 1 year ago

News Blog

Booking Holdings Faces a Challenge Because of the Euro’s Fall

Much of the attention regarding the euro's historic fall has focused on Americans getting cheaper vacations in Europe — and the converse for EU residents — but the euro's reaching parity with the U.S. dollar obviously has business consequences too — and Booking Holdings will likely have to deal with a material adverse impact. In…

Dennis Schaal | 1 year ago

News Blog

Weak Euro Means Dollar Will Go Further for Americans Vacationing in Europe

The value of the euro is plummeting and that means Americans vacationing in Europe will see their dollars going further, CNN reported. Three tourists with a selfie stick at Rome’s Trevi Fountain The euro's falling means the dollar and euro are almost at parity, and "the UK pound is also weak: It's exchanging at $1.20,"…

Dennis Schaal | 1 year ago