Toronto, Ontario (PRWEB) June 02, 2011
With the rising value of the Canadian Dollar, Canadians are traveling more than ever and that’s great news for travel companies like, itravel2000™.com, a Travelzest company.
Taking advantage of the above par rate of $1.05 CAD to $1.00 USD, cross border travel is increasing greatly. Americans are still not traveling like they did before the financial crisis, forcing American tourism to plunge. Hotels are suffering and are thus, reducing their rates. This makes it very advantageous for Canadians traveling to the United States. Not only are they benefiting from the fact that their travel dollar will go further in the US, but they are also able to save big money on vacation, accommodations due to lower costs. Hotel rates continued to decline significantly in major US cities over four years from 2007 to 2011 according to the Conference Board of Canada. An average Las Vegas hotel rate is $100 this year, down 37.1% from $159 in the year 2007. Florida saw a dramatic decline in average room rate, falling to a 26.7% decrease in 2011.
“Canadians are getting a travel “double-double”, says Group Vice President of Marketing Stuart Morris. He adds, “We’ve noticed an explosion in our air and hotels bookings to the US. Our cross border sales are through the roof right now and we are pleasantly surprised.”
The same is true in Europe where many economies are soft and hotel operators are trying to attract travel customers. itravel2000™.com’s spring bookings to destinations in Europe are also very strong and up 40% to some destinations and they are expected to rise even more so for the summer season.
For more information, please contact:
(647) 669 2207
0844 335 6623
Samantha Robbins / Rebecca Sanders-Hewett / Anna Dunkin
020 7566 6700
itravel2000™.com, a leading travel retailer in Canada, was a pioneer of online travel and has over 100 travel agents. itravel2000™ provides customers more travel options than any other Canadian travel retailer through a full product suite for vacation packages, cruises, airline tickets, hotel rooms, and rental cars. To see how we're fighting to save you money, visit http://www.itravel2000.com.
Travelzest plc is a dynamic travel group, with a collection of online travel retailers and specialized tour operators, with operations in over 5 countries in Europe and North America. Included in the Travelzest family are holiday.co.uk, flight.co.uk, travelzest.com, itravel2000.com, The Cruise Professionals, Best of Morocco, VFB Holidays, Peng Travel, Faraway Holidays, The Malaysia Experience, Tapestry Collection, The Wow House, Captivating Cuba, JMB Travel, and Fair's Fare. Travelzest is traded on London's AIM Exchange.