Travel Trends

Weak Dollar Lures Travelers to U.S.

A weaker U.S. dollar is fueling pent-up demand for overseas travel to the United States, helping to pad the bottom lines of hotels and tourist attractions.

Reuters Exchange rates "are having a terrific impact on our business, particularly in east coast cities like New York, Boston and Orlando," Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT - News) spokeswoman K.C. Kavanagh said on Tuesday. "December has been packed with European travelers coming here to Christmas shop."

This year the nation is on track to post the first increase in inbound travel since the Sept. 11, 2001 attacks, according to the Travel Industry Association of America.

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