Thanks to another rate cut from the Fed, America is on sale, and one of the biggest beneficiaries is likely to be Walt Disney & Co.
Lower interest rates mean additional downward pressure on the already battered dollar, which makes travel to the United States a bargain for foreigners. Where are those tourists likely to visit when they come flush with euros and yen? You guessed it -- Disney. Las Vegas might see some increased tourism, as will major metropolitan areas like New York and Chicago, but you can bet your devalued dollar that the Magic Kingdom will be a top destination.
Not only will Disney's theme parks draw more foreigners, but Americans unable to afford trips to Paris, Rome or Tokyo because of the shrinking dollar are also likely to stay in the U.S. That's right mom and dad, this is the year to suck it up and take the kiddies to Disney. Parents check out the Disney blog for travel ideas and plans for navigating the parks.
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