From USA Today:
For the first time in more than a decade, the euro is almost equal in value to the dollar, making Spain and other European cities more affordable to Americans than even some domestic destinations.
The article describes the travels of one family in Madrid and Barcelona:
The family stop into the Hotel Colon in the Gothic Quarter for drinks. They are surprised when two glasses of white wine and a beer cost as much as one drink in a New York City hotel. Their train tickets to Madrid are less than seats on an Amtrak train from New York to Washington, D.C. A 15-minute cab ride to the beach is 10 euros.
Golden, who lives in the New York area, has good reason to throw money around. TripAdvisor’s TripIndex Europe, released last week, found that travel expenses for popular European destinations have dropped an average of 11% year-over-year. Travelers will be able to save as much as 25% on their summer trips.
Still, it depends where you’re staying and, most important, where you decide to eat. I have noticed that, whatever the value of the dollar, food is what is most likely to erode your wallet while traveling. Even in Central and Eastern Europe, where I love to travel and where things are generally much cheaper, you can end up losing money quickly, especially at hotel restaurants. One time in Budapest, I stayed at a gleaming, centrally located four-star hotel right near the Danube River for just less than $100 a night—which will not even get you a cot at a Holiday Inn in New York. But when I sat down to my goulash and steak and gin & tonics at the hotel’s restaurant, I got a bill that was higher than the room rates might have suggested.