Smart Money (and Bootleg Russian Version)

A few weeks ago I talked with Kelli B. Grant at about financial crisis tourism in European destinations like Iceland, Portugal, and Greece. To prep for the interview, I turned to‘s annual price index, which always does a good job telling us what people are paying for rooms these days. My favorite stat from the report is that U.S. hotel prices have gone back to 2004-2005 levels this year — an improvement over last year’s numbers, but still low. It’s one of the main reasons that we’ve been recommending U.S. vacations this summer (and the fuel surcharges certainly help, too). 

The story has been either licensed or “licensed” by a Russian outfit that has it na russkie yazik: Финансовый кризис на руку путешественникам”

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