Specifically, the dollar was buying 30 percent more in euros and other European currencies in late March 2001 than when the euro was inaugurated in January 1999. Thus, in Europe, accommodations, dining, entertainment and transportation remain very good deals for U.S. visitors. The great expansion of trans-Atlantic flights and capacity continues. Total lift has increased enormously in recent years to more than 105,000 seats daily this past summer. Still more expansion has been announced for 2001, notably to France and Scandinavia.
Competition is keen.
If demand softens, the outlook is good for late spring and summer sales. Porto and Rotterdam are Europe's Cultural Capitals, each with yearlong programs of exhibitions and performances. Passport controls have been eliminated between Scandinavia and the bulk of the European Union. All 15 EU countries are members of the agreement except Britain and Ireland. Transportation improvements continue.