For travelers, currency fluctuations have put a summer trip to Europe closer in reach, but you'll still need to be smart about booking and spending to reap the savings.
The euro's value against the dollar has weakened in recent months, driven largely by the launch of the European Central Bank's 1 trillion euro quantitative easing program last month. On Thursday, $1 U.S. bought 0.94 euro, up from 0.72 a year ago, according to OANDA.com. That's like paying $213 for a 200 euro hotel room, instead of $277, or about 23 percent less.
Savings aren't universal. "Don't expect every European country to be a value," said Brian Kelly, founder of ThePointsGuy.com. Countries that aren't on the euro, including Sweden and the U.K., won't have the same currency advantage, although there may be other deals. (See chart below for some popular destinations where prices have dropped year-over-year.) Destinations like Greece, Portugal and Spain may have even better pricing due to economic woes, he said.