5 Affordable Travel Destinations
5 Affordable Travel Destinations
In similar fashion to investing, taking a contrarian view toward travel can prove lucrative. Here are five travel destinations that have grown very affordable for a variety of reasons.
Due in good part to fears over the levels of government debt and banks with rising bad debts, the euro has fallen in value compared to the U.S. dollar. Back in January, the euro had fallen to a 16-month low compared to the dollar and it continues to bounce off those lows. This means the dollar has grown stronger, and is worth more in Europe. As such, when traveling in any European country that utilizes the euro, an American can buy more goods and services.
European governments may be in the early stages of faltering, but Argentina has been struggling for the better part of a decade now. About a decade ago, the government defaulted on many of its debts and this sent its currency reeling against the U.S. dollar and other international currencies. This trend has only continued and accelerated around 2009 due to the downturn of its economy. Overall, the country remains a stable and safe travel destination. With the dollar so strong, the currency goes much farther in buying goods and services than in years past.
Japan experienced a very difficult 2011. Its eastern seaboard was hit with a major earthquake and a resulting tsunami that devastated much of the coast and unleashed a near-catastrophic meltdown of one of its nuclear energy facilities. Tokyo was on high alert for some time, but radiation fears have subsided significantly. The vast majority of the country remains safe and highly appealing to adventurous travelers. There are many deals as hotels, restaurants and tourist destinations look to entice tourists.
In stark contrast to much of Europe and Argentina, Myanmar's prospects are looking up. Its government held its first general election in decades and has been freeing former political prisoners. It is also starting to welcome foreign investors and travelers. Visiting the country is still only for the adventurous, and it represents relatively untapped territory.
Kenya used to have a reputation as one of the safest travel destinations in Africa, but lost much of this status after political violence following the re-election of the incumbent President in 2007. Violence has subsided significantly, but the country still qualifies as a destination for adventuresome travelers who are willing to stay vigilant while exploring. Kenya offers many opportunities for safaris and other outdoor activities.
In any country, there are safe areas and more dangerous locations. Countries including Myanmar and Kenya will be more perilous for travelers, but every region requires vigilance and attention to detail to make sure travel is done as safely as possible. These countries combine affordability with adventure, with most parts of Europe easily qualifying as cheap and among the safest.
RetirementResearch shows a big disconnect between how many Americans dream of travel during retirement and who saves enough to fund those trips. Don't miss out!
MarketsWhile consumer spending on travel recovered quickly following the recession, it has been outpacing wage and GDP growth, and has thus likely maxed-out.
Personal FinanceGoogle Destinations now displays travel information directly on your mobile device, aggregating its own search results and putting them ahead of those from other sites.
Personal FinanceIs travel insurance a good idea for your next vacation? This is a look at what policies may or may not cover and when it makes sense to purchase coverage.
Personal FinanceBefore going on your trip, find out what kind of insurance coverage you will need.
MarketsThe Brexit vote is likely to cause travel to London to get much less expensive in the near term.
InvestingHere, some factors to consider as you make your travel plans this year.
RetirementDreaming of a retirement spent traveling the world? Here's how to start turning that dream into reality.
Personal FinanceBusiness travel is soaring, especially in America. But though business travel is great for the economy, it's not so kind to the traveler's bank account.
Personal FinanceFind out how to have a fun and budget-friendly summer adventure.