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Only Provence Villa Rental Company in the South of France reports an increase in luxury villa rentals due to the drop in the Euro. The drop in the Euro has enabled travelers to receive a discount when traveling to Europe.
The value of the Euro has declined significantly since the European Central Bank’s announcement to begin its own quantitative easing program to help the beleaguered economies of the EU. The economic situation in Europe is improving more rapidly than anticipated, foreigners actually taking advantage of the low Euro prices and vacationing this year in Europe.
Only Provence is based in Provence and Los Angeles, this South of France luxury villa rental company offers 130 properties in two collections–Affordable Luxury Villas and Exclusive Villas. All villas include pool, upscale amenities and housekeeping. Only Provence arranges chef services and a wide selection of unique experiences and day tours.
“We were quite concerned at the significant drop in the value of the Euro vs. the US dollar, as our earnings are denominated in Euros. This means that a 20% decrease in the value of the Euro would equate to a 20% drop in our top line in Dollar terms”, says founder, John Dean.“For the luxury vacationer, who is always looking for the best value for their vacation budget, this represents a significant opportunity. In addition, lower oil prices have reduced the cost of air fare for the foreign traveler as well, making family trips to Europe even more affordable. Now is the time to plan that Provence Vacation!”
The average rental price for a week in a luxury villa in Provence is around $6550 Euros. In 2014, this equated to $8,580 per week vs.today’s price of $7,336 at the current exchange rate of US$1.12 per Euro. Over a two week holiday, that’s $2,488 difference, a 15% savings over 2014.
Since the EU is still recovering economically, prices are not increasing in the face of more demand from international tourists.
Release ID: 81936