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Summer Travel Prices Could Drop 40%NEW YORK, May 26, 2016 /PRNewswire/ -- As Memorial Day kicks off the start of the summer travel season, Travelzoo (NASDAQ: TZOO), a publisher of travel deals, predicts Americans will see the best travel offers in years this summer. The combination of low oil prices, a strong dollar, cheaper airfares and the impact of global events such as the Zika virus and instability in Europe, means Americans can expect to spend up to 40% less than last year on summer vacations. Travelzoo's staff in the U.S. sees five trends in the market: 1. Lower Airfares 2. International Impact of Strong Dollar In January 2016, American travel to Canada increased 19% year over year. With the Canadian dollar trading at US$0.76, Americans effectively get a 24% discount on everything, including hotel stays, meals and activities, when they cross the northern border. The strong dollar is also translating into deals across the pond. There is more pressure on international destinations to lure U.S. travelers with deals as many Americans will travel domestically this summer. A Travelzoo survey conducted in early April found that 80% of respondents are foregoing plans to travel abroad and are instead considering destinations within the U.S. Hotels in cities like Paris and London are offering deals as a means to incentivize travelers to rethink their plans. 3. More Deals in Europe 4. Increased Availability of Caribbean and Mexico Vacations Summer is always a time when Travelzoo staff see bargains to the Caribbean, Mexico and Central America but this year, we are seeing especially strong offers, especially in more posh islands like Anguilla, where we don't typically find deals. 5. Lower Prices and Stronger Demand for Asia About Travelzoo Travelzoo is a global media commerce company. With more than 28 million members in Asia Pacific, Europe and North America and 25 offices worldwide, Travelzoo® publishes offers from more than 2,000 travel, entertainment and local companies. Travelzoo's deal experts review offers to find the best deals and confirm their true value. Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/summer-travel-prices-could-drop-40-300275592.html SOURCE Travelzoo |