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First of all, travelers from the US have been at a disadvantage due to the falling dollar. Compared to the euro, one USD is currently worth around 91 or 92 euro cents at the average market exchange rate. Certainly, this is better than the five-year low from December 2020 to January 2021 when the dollar hovered around 82 cents. But it's also down from a year ago, when one dollar was worth around 95 euro cents, and it's significantly lower than the five-year high in September last year when it peaked at 1.04 euros, according to currency conversion experts Wise.
The dollar also depreciated against 11 other European currencies. From Bosnia to Bulgaria, Denmark to Iceland, Poland to Romania, and Sweden to Switzerland, travelers will find it more difficult to exchange dollars. While a few cents per dollar may not seem like much in a single transaction, these small reductions can make a difference on credit card bills upon returning home.
Inflation has risen, and entrance fees to attractions have also increased significantly. The price of an adult ticket to visit the Eiffel Tower rose by 20% in June of this year.
In fact, inflation has risen and entrance fees to attractions have increased significantly. The price of an adult ticket to visit the Eiffel Tower rose by 20% in June of this year. Meanwhile, the Hagia Sophia mosque in Istanbul now charges 25 euros for entry. And Venice charges 5 euros for day visitors on peak days.
Due to rising inflation, the prices of goods and services in Europe are increasing. This impacts travel costs, including airfare, hotels, food, and transportation. Travelers should carefully budget and look for deals to save money on their trips.
Due to the surge in tourist numbers, measures to address overcrowding have been implemented for day-trip visitors to Venice.
According to data from the Italian Ministry of Tourism, 2023 saw 134 million visitors to Italy – the highest number in history, and half of them were foreign tourists. Many signs indicate that 2024 will surpass this number unless timely measures are taken to curb overtourism.
Any customer booking tickets to a popular destination this year must undergo a verification check before their departure.
