Strong American Dollar Driving European Travel
April 16 2015 - 8:00AM
Business Wire
PayPal collaborates with French, Italian and
Spanish merchants to help North Americans enjoy Europe
The current strength of the dollar, coupled with declining gas
prices and transportation costs, means that more Americans can
afford to travel outside of the U.S. – some for the first time. New
research findings from PayPal* show that the strong dollar is
having an impact on Americans’ travel plans, though more could be
taking advantage of the golden opportunity. To help Americans
capitalize on this opportunity, PayPal has launched a
multi-European city travel program replete with discounts, deals
and insider travel tips.
“Our research found that one in five (21 percent) of Americans
are considering a trip to Europe and nearly half of those travelers
cite the strengthening dollar as a factor in their decision-making
(47 percent),” said Carey Kolaja, Vice President, Head of Global
Consumer Products at PayPal. “Yet, for many, international travel
is still a daunting concept – shrouded by the mysteries of currency
exchange rates, foreign transaction fees and financial safety. As a
leading global payments processor, PayPal is uniquely positioned to
help alleviate concerns, making planning a trip to Europe as
simple, seamless and secure as going to the local grocery
store.”
This summer, PayPal is working with merchants in Barcelona,
Paris and Rome to deliver discounts and deals with speed,
simplicity and security.
- Barcelona: Travelers visiting Barcelona
can take €40 off of airfare when booking through Vueling; enjoy 20
percent off Desigual clothing stores; take five percent off their
scooter rental with Cooltra Motors; 15% off admission to Casa
Batlló; and enjoy exclusive discounted rates with Amoma hotel
bookings
- Paris: Paris travelers can enjoy 10
percent off airfare when booking through Alitalia; 40% off two
tours with Musement; €20 off their first ride with Uber; get a free
coffee in a Parisian café when using Bienvenue Telecom; and enjoy
exclusive discounted rates with Amoma hotel bookings
- Rome: Those visiting Rome can get 10
percent off airfare when booking through Alitalia; €5 off €25 on
apparel purchases at Intimissimi; €20 off their first ride with
Uber; 40% off two tours with Musement; and enjoy exclusive
discounted rates with Amoma hotel bookings
But traveling in the modern age is about more than using the
Internet to bargain hunt – it’s about harnessing the power of
technology to help protect yourself and your dollars.
PayPal’s research, which explored the general travel experiences
and plans of a nationally representative sample of more than 1,000
randomly selected adults in the U.S., reveals that many Americans
employ outdated travel habits, including some financial protection
measures that actually undermine the very security concerns those
travelers seek to address.
Of those considering a trip to Europe, 36 percent say they
protect their money by wearing a fanny pack or neck wallet at all
times; eight percent say they have taped cash to their body, and
three percent bring their own safety deposit box – all methods that
are far less seamless and secure than digital payments.
With half of respondents saying that their biggest financial
concerns are the security of their credit/debit cards (51 percent),
the security of their money (48 percent), and the security of their
personal financial information (44 percent), it’s clear that
American travelers should consider more digitally-secure options
when touring abroad.
“It can be exciting, but also intimidating to travel abroad for
the first time,” continued Kolaja. “PayPal and our merchants are
excited to provide our customers with unique offers that help
lessen the doubt involved with foreign currencies and ensure less
risky payments so they can feel empowered to explore their new
destination with confidence.”
*In April 2015, GfK Custom Research LLC (GfK) administered a
survey to explore general travel experiences and plans to a
nationally representative sample of 1,011 randomly selected adult
U.S. residents. The data were statistically weighted so that
respondents in the survey were demographically and geographically
representative of the U.S. population. To participate, respondents
were required to be 18 or older.
About PayPal
At PayPal, we put people at the center of everything we do.
Founded in 1998, we continue to be at the forefront of the digital
payments revolution, processing almost 11.5 million payments for
our customers per day. PayPal gives people better ways to connect
to their money and to each other, helping them send money without
sharing financial information and with the flexibility to pay using
their PayPal account balances, bank accounts, PayPal Credit and
credit cards. With our 162 million active digital wallets, we have
created an open and secure payments ecosystem people and businesses
choose to securely transact with each other online, in stores and
on mobile devices. PayPal is a truly global payments platform that
is available to people in 203 markets, allowing customers to get
paid in more than 100 currencies, withdraw funds to their bank
accounts in 57 currencies and hold balances in their PayPal
accounts in 26 currencies. PayPal is an eBay Inc. (Nasdaq:EBAY)
company. In September 2014, eBay Inc. announced the planned
separation of eBay and PayPal into independent publicly traded
companies in 2015. More information about PayPal can be found at
www.paypal.com and www.paypal-media.com. More information about the
planned separation of eBay and PayPal can be found at
update.ebayinc.com.
MSLGROUPMeghan Donovan,
645-500-7713Meghan.Donovan@mslgroup.comorPayPalPablo
RodriguezPablo.Rodriguez@paypal.com
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