European Hotels Charge in Euros not Local Currency
Filed under Travel Scams and Rip-offs
To safe guard against the very prevalent possibility of drastic changes in local currencies, many European hotels outside of the EU charge their prices in the far more stable Euro. This is not good for travelers who hold their money in stable currencies like the Dollars, Yen, or Euro, as currency local devaluations and fluctuations often means cheaper travel.
Wade from Vagabond Journey.com
in Gramsh, Albania- February 6, 2009
Travelogue — Travel Photos — Travel Guide
I wrote a travel tip in Hungary about planning travel around currency exchange rates to save money, but a large bit of the meat of this tip is taken out by the fact that many non-EU countries have hotels and hostels that set their price to the Euro. This means that, in the event of the local currency crashing, the hotel makes far more money than what is consistent with their economic surroundings, and the traveler looking for an “on sale” country is faced with paying the same prices for accommodation that they would across the continent.