Traveling overseas becoming expensive adventure

March 26, 2008 5:14:14 AM PDT
Thanks to the declining value of the dollar, the European vacation isn't what it used to be for many Americans. Airfare, hotel prices and the Euro have made traveling overseas an expensive adventure.

High prices start in England and stretch across the continent.

Eyewitness News reporter Nina Pineda has the story.

It's the most expensive country in Europe for hotels. And London is the fifth most expensive city in the world for a one night stay.

A survey by found the price of hotel rooms has gone up 12 percent. But the hotels say it's still worth the trip.

"You've got history and theaters," Sally Beck at landmark hotels said.

Tell that to American tourists-- who have watched the value of the dollar plunge-- making a European vacation that much more expensive.

"The American dollar is terrible here," tourist, Carolyn Szewbolski said. "I would certainly buy a lot more if the value of American dollar was better."

About 4.5 million American tourists visit Italy each year-- spending about 10-billion dollars.

Tourism officials say they've seen a five percent drop in the number of US visitors.

"Italian hoteliers are very sensitive to the American. They will keep an eye on them," Eugenio Magnani at Italian tourism board said. "And they will keep price very firm, no increase on the price."

Consider this, hotel prices in Moscow are up 22 percent-- about 400 dollars a night, compare that to New York, averaging 300 dollar a night. In Dubai you'll shell out about 250 dollars. In Venice it's about the same.

They're not even among the top five most expensive cities. But some say the price hikes are irrelevant.

If you want to travel on the cheap-- the Baltic States are down there seven percent.