Today, Arthur Frommer, founder of Frommer's Travel Guides, discussed the advantage of renting an apartment or hostel for your next vacation in Europe.
We are getting to the point where, when you seek the U.S. dollar equivalent of a European price, you will always need to add about 60% to 70% to the prices you encounter. A European hotel room priced at €100 will end up costing you about $160. A British hotel room costing £100 will cost you about $175. It's an expensive world out there.
Your response, in my opinion, should be to seriously consider the use of alternative, cheaper lodgings for your next trip to Europe. You should think about lengthening your stay in each European city to a week so that you can rent an apartment at a considerable savings.
He cites only one savings advantage of renting an apartment/hostel rather than a hotel room, but I believe there's another major financial advantage. When you are able to prepare your own food and drink, the cost of your vacation decreases dramatically.
Click to read all of Arthur Frommer's advice today.