General Travel News

Remember the Drachma?

The economic problems currently being faced by Greece may result in the country pulling out of the EU and re-establishing its old currency - the drachma - instead of the euro. Banks in Europe are scrambling to make provisions for such an eventuality. Recently, the leading German travel operator TUI sent out letters to hotels in Greece asking them to renegotiate their rates in drachmas to avoid losses in case Greece pulls out of the euro.

But currency woes are not limited to Greece. On November 24, the credit rating agency, Moody's, downgraded Hungary's ratings to "junk" - and the value of the Hungarian currency - the florint fell by 6% to 238 Florint per US$. Although Hungary is part of the European Union, it has not yet integrated its currency with the Euro. Another ratings agency, Fitch, declared on Friday, Nov 26, that Portugal's government bonds were worth "junk" exacerbating the already difficult economic scene in Europe.

Italy lost its Prime Minister Berloscuni due to their economic woes while Spain and Belgium are also facing similar problems.

If Greece starts using the drachma, travelers will benefit from lower prices and Greek tourism may see a big inflow of tourists.

More General Travel News
Constance Halaveli Maldives offers the luxury of space in seclusion
Multiple Langham Hotels named in 2020 Readers' Choice Award
Swiss Belhotel to open 4 new hotels in the GCC
Latest Travel News
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
Panteao Nacional (National Pantheon)

Panteao Nacional (National Pantheon)

Lisbon, Portugal

While intended to be a church, this structure now pays homage to the heroes and heroines of Portugal including explorer Vasco da Gama and fadista Amalia Rodrigues. While the outside of the structure is porcelain white, the dome within, being all pink marble and gold lining, resembles a Faberge egg. Like most of Lisbon’s attractions, this one also boasts a brilliant view of the river. Address: Ca...

The kallio Church

The kallio Church

Helsinki, Finland

This towering Church is the most prominent landmark in the Kallio district. It was built about 100 years ago on the blueprints laid by Lars Snock. It depicts Finnish romantic architecture. The building is built in strong grey granite and so the church has a tough look to it but it softens by its serene location at the end of Siltasaarenkatu. Opening times: Tuesday to Friday 12am to 6pm; Satu...

Jerudong Park

Jerudong Park

Brunei Darussalam, Brunei

Address: Bandar Seri Begawan The largest and most expensive amusement park in Southeast Asia, Jerudong was built by the sultan and is filled with various rides and food kiosks. An excellent place to visit with family.  ...

The Louvre

The Louvre

Paris, France

The first iteration of the Louvre Palace was built in the twelfth century.  Originally a fortress, it was renovated many times and served many different purposes, including as the king’s residence before Versailles was built.  The Louvre first opened to the public as a museum in 1793 in the midst of the French Revolution and displayed the recently seized royal collection of Louis XVI.&n...