Travel to Europe is the 'bargain of the decade'

If you've ever dreamed of renting a villa in Tuscany, hiking under Iceland's midnight sun or vacationing practically anywhere else in Europe, the time is now. From Reykjavik to Rome, lower airfares and a strong dollar are making for some of the best bargains in years for Americans.

Round-trip airfares from the U.S. to popular destinations, including Paris, Rome, Barcelona, Madrid and Prague, are down between 20 and 35 percent for travel from April through the start of September, compared with the same time last year, according to Kayak.com.

The decline is largely because of increased competition from budget carriers. Reykjavik, Iceland, where fares have come down nearly 27 percent, is a good example, said Kayak's David Solomito. Icelandic low-cost carrier WOW Air has been expanding, contributing to lower fares.

Source: Travel to Europe is the 'bargain of the decade'