Weak Euro Adds to Europe's Vacation Lure for Tourists From United States, China and Locals

Vacations in Europe have a new attraction: the euro's steep drop in value is making the continent cheaper for tourists from across the world, especially the United States and China. For American tourists, the dollar’s strength translates into a discount of around 25 percent compared with this time last year. China’s currency has risen some 20 percent against the euro over the past year. And eurozone residents feeling the pinch from their sluggish economies are more likely to stay inside the bloc, where they won't feel the currency changes. The European Central Bank's policies have been weakening the euro, while those of the U.S. Federal Reserve have been bolstering the dollar. The euro has also been dragged down by fears over Greece's debts and the bloc's muted economic growth. European tourism officials and American travel companies report, U.S. bookings to some European countries have risen by up to 20 percent so far.