Strong US Dollar increased demand for holiday vacations to Europe

The dollar gaining parity with the Euro and the pound boosts holiday budgets

Nov 9, 2022

According to the Allianz Partners USA 2022 European Holiday Destination Index, strong exchange rate of the United States currency has increased demand for holiday vacations to Europe.

Key takeaways

  • London remains the most popular city to visit this holiday season, with demand increasing by 20 percent since 2019;
  • Paris jumped 13 percent and was the second-ranked city for the holiday season — running between November 23 and January 5 — while Madrid rounded out the top three, jumping three percent and moving up from fifth overall in the 2019 index;
  • Rome and Amsterdam finished fourth and fifth, respectively.

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