Europe has recently become the dream destination of almost all American vacationers. With its diverse culture, wonderful cuisines, and the freedom that comes with it, Europe really deserves the hype.
However, living in Europe comes at a price. Vacationers moving to larger cities need to be prepared for the associated costs. With the rising cost of living caused by the consequences of the Coronavirus, adventurers must be prepared to splurge to earn a spot in one of the big cities.
Below are the most expensive cities in Europe explained.
Zurich is undoubtedly one of the main tourist destinations. However, visiting Zurich is not cheap, which scares off some travellers. From accommodation to public transport, the numbers involved in this beautiful city are mind-boggling. Zurich has a lot to offer the average vacationer despite the high prices. Its beautiful waterfronts are still part of the plan.
But wait a minute, what makes this city so expensive? The determining factor is Switzerland’s dominance on the world market. Its currency is part of its strength. By not being part of the European Union, the country has managed to regulate its currency as it is more valuable than the US dollar.
The following is a breakdown of Zurich’s average spend, with the Swiss franc (CHF) being 0.96 to the dollar.
- Lodging: $273+/Night in a 3-star hotel
- Food: $41 for a Swiss fondue
- Taxi: $73/trip
Based on the information above, the average Zurich vacationer will spend nearly $400 per day. These numbers apply to one person. As the number of holidaymakers increases, the numbers will continue to double. Nevertheless, the thrill in this part of the world is worth the price.
London falls into the category of expensive cities to go on vacation for a reason. It is the main financial center of Europe. The cost has even increased with the exit of the United Kingdom from the European Union. Britain now has the freedom to regulate its currency without binding itself to the basic operating rules stipulated by the EU. Today, 1 GBP equals 1.23 USD.
Another factor that makes visiting London so expensive is the demand associated with it. London has been branded a safe place for the filthy rich to invest their wealth. The growing number of investments has set a price that only increases the cost of living.
From accommodation and transport to food and clothing, nothing is cheap in London. Vacationers need to be prepared to spend big to make the visit count.
- Lodging: $600+/night
- Food: $6/$50 for basic royale with cheese
- Taxi: $31.73 for a 30 minute ride
The average London vacationer will need money in the region of $650 to survive in the city for a day. Rates are subject to increase depending on the type of food chosen, the number of holidaymakers and the specific hotel.
Iceland is one of the most expensive cities in the world to live for various reasons. It goes without saying that Reykjavik is automatically an expensive city to vacation in as the capital of Iceland. The expensive trait of this city comes down to expensive labor. With agriculture and regulated prices, the price of food will automatically increase, which holidaymakers have to deal with.
Apart from the normal food and accommodation issues, nature also plays an important role in the expensiveness of the city. First of all, the island is strategically located in the middle of the North Atlantic Ocean, which makes it accessible only by sea or by air. Due to its geographical position, goods are imported from afar, which ultimately leads to high prices.
- Lodging: $200+/night for a single cabin
- Food: $15.75 for a simple meal
- Taxi: $5.20 is the minimum fare
With ever-fluctuating markets, these rates are bound to change. However, vacationers should expect no less. In fact, they should prepare for higher rates.
Vacationing in the Irish city of Dublin doesn’t come cheap. Rental rates in the city depend on the multiple educational institutions located there. The city cannot meet the increased demand for housing which informs abnormally high rent rates.
Apart from the housing issue, Dublin is also presented as a business hotspot. Global companies such as Facebook and Amazon have established camps in the area and played a role in the rising cost of living.
The cost of food and drink is something not to be overlooked in this part of the world. Ireland’s penchant for alcohol means many holidaymakers travel just to enjoy pints of beer. The average cost per pint is $10.57, which is well above average.
- Lodging: $105+/night for a basic hotel room
- Food: $21.14 for a single meal
- Taxi: $5.60 is the minimum fare
The high demand for accommodation in Dublin means that rental prices will continue to fall. Adventures are advised to make a reservation in advance to avoid the confusion of a last minute rush.
Vacationing in Europe can sometimes be an expensive affair. Cities like Dublin, London and Zurich have demonstrated how accommodation plays a key role in the tourism industry. Vacationers choosing one of the named towns should be prepared to break the bank to keep the fun going.