There's not much good news these days, so whenever there's something with a positive spin on current events it seems like a silver lining. The latest gem of optimism is that because of the global financial crisis, Europe has become more affordable for American travelers than it was over the last several years. The dollar still hasn't caught up with the euro but Americans do have more buying power now and can choose from a slew of travel deals to Europe.
Look for discounted travel packages and hotel deals that come and go quickly. James Chappell from STR Global predicts, “2009 is not going to be pretty. When things happen in the marketplace, there obviously is a lag time as people respond to what is going on.” Vacations probably aren't on the top of priority lists right now, but if you had written off traveling to Europe because of the high price tag, there could be possibilities out there that fit your travel budget.