Over the last year through mid-January, the dollar has depreciated about 9 percent against the euro, 10 percent against the rupee and 12 percent against the Chilean peso, said Jay Bryson, global economist at Wachovia. Tour Operators Association serving Europe and Britain said their prices would increase up to 15 percent because of the weak dollar, a December survey showed. The roughly 5 percent surcharge imposed by Globus is less than the 10 percent devaluation of the dollar against the euro since it priced its vacations in June. After Globus announced its currency surcharge, a flurry of tour operators including Brendan Worldwide Vacations, Insight Vacations and Collette Vacations sent out news releases emphasizing that they did not plan to levy currency surcharges. read more
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