Bet Your Paris Holiday on the U.S. Economy

April 28, 2008 at 9:00 AM | 0 Comments

With a few of our big financial institutions falling out of the sky and our analysts all jittery, Concorde Hotels is inviting travellers to bet on the volatility of the currency markets when booking their holiday. What do you think of this deal?

Concorde is offering fixed dollar rates at two of its largest Paris hotels, the Hotel du Louvre and the Hotel Lutetia, between 11 July and 31 August.

In other words, the dollar rate you see when booking is the dollar rate you'll pay when you stay, regardless of any fluctuations in the euro/dollar exchange rates.

Pessimists about the American economy will be pleased - if the dollar drops further against the euro, they won't be stung at check-out. But anyone with any support or hope for the American economy may feel slightly offended at this measure. Is the US economy in such a desperate state that we can bet on it falling further?

What's more, if the dollar rises against the euro between now and July/August, you'll be losing out.

Non-Americans such as ourselves are also slightly offended at being excluded from this special offer. They'll check your passport to make sure you're legitimate, since non-US citizens aren't allowed to take advantage. We guess Latin Americans and citizens of other countries whose currencies are dropping against the euro won't be able to take advantage of the offer either - it all seems rather unfair.

Thankfully, as we say above, it isn't much of an offer....there are much better hotels in Paris at any rate.

[Photo: McPig]

Tags: Hotel Deals / Hotel News / Paris Hotels / Concorde Hotels

by femmefatale

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