European Central Bank
European vacations about 25% cheaper because of drop in euro's value

Vacations in Europe have a new attraction: The euro's steep drop in value is making the continent much 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% compared with this time last year. China's currency has risen some 20% against the euro over the last 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. That means the ingredients are in place for "a great year for tourism" in Europe, said Nick Greenfield, head of tour operator...