For U.S. consumers planning a vacation to Europe this summer, one of the travel risks is staying within the trip budget due to the declining value of the U.S. dollar against foreign currencies in Europe.

One budget-stretching tip for price-conscious travelers is to strongly consider air plus land vacation packages priced in U.S. dollars that come with a price guarantee that currency fluctuations surcharges will not be imposed after purchasing the package. To make it easier for consumers to lock in travel deals early without the worry of currency fluctuation supplements, Contiki Holidays, the largest vacation company for 18- to 35-year-olds, is offering two travel specials on European destination vacations during peak travel season: Fly Free to vacation destinations within Europe, or deduct $150.00 on Contiki European land and air packages of 10 days or more during peak season (April 1 through October 31, 2004). Contiki is giving travelers more bang for the buck with an offer of $150 discount on more than 30 Contiki European land and air packages 10 days in length or longer. New Contiki European tours for 2004 include the company�s new resort on Mykonos, Greece, as well as a 9-day Pubs & Country Roads of Ireland tour, and a 10-day Berlin, Prague and Vienna Getaway. In addition to the new destinations, Contiki offers more than 50 European vacation packages, including:

� Great Britain - 10 days exploring England, Scotland and Wales, starting at $1325*

� European Magic - 11 days discovering London, Paris, Venice and Amsterdam, starting at $1,345*

� London, Paris & Rome Getaway - 11 days visiting England, France and Italy, starting at $1,379*

� Simply Italy - 13 days touring Rome, Florence, Venice and Pisa, starting at $1,579*

* = Price per person reflects the $150 discount off land/air package, flights out of New York

�Purchasing an air plus land package protects travelers from currency fluctuations and takes advantage of Contiki�s buying power with our travel suppliers,� said Lisa Wooldridge, vice president of marketing for Contiki Holidays. �The two European travel package deals Contiki is offering give our customers flexibility in their travel choices while providing one of the best travel deals around. We deliver a unique blend of camaraderie and special experiences that money can�t buy, while helping travelers stay on budget.�

For consumers looking to travel in the spring on a lengthier vacation to Europe, but who are concerned about the fluctuating value of the Euro and worry about losing money on their dollar , Contiki is offering free roundtrip airfare on several European tours with certain departures from New York. The offer is valid on specific March and April departures for the following tours:

� European Panorama - 30 days discovering more than 12 countries, including: France, Spain, Monaco, Italy, Vatican City, Greece, Austria, Germany, Liechtenstein, Switzerland, Netherlands and Belgium, starting at $2935* (Departures: March 20, March 27, April 3)

� European Contrasts � 31 days exploring more than 11 countries, including: France, Monaco, Italy, Vatican City, Greece, Austria, Germany, Liechtenstein, Switzerland, Holland and Belgium, starting at $2,475*

� Ultimate European - 48 days visiting more than 17 countries, including: France, Spain, Monaco, Italy, Vatican City, Greece, Turkey, Egypt, Bulgaria, Romania, Hungary, Austria, Liechtenstein, Germany, Switzerland, Holland, and Belgium, starting at $3,279*

� European Explorer - 36 days touring more than 12 countries, including: France, Spain, Monaco, Italy, Vatican City, Greece, Austria, Germany, Liechtenstein, Switzerland, Netherlands and Belgium, starting at $3,879*

� European Adventurer � 39 days discovering more than 12 countries, including: France, Spain, Monaco, Italy, Vatican City, Greece, Austria, Germany, Liechtenstein, Switzerland, Holland and Belgium, starting at $3159 *

About Save $150 on European Departures Promotion: Promotion runs February 15 through March 31, 2004. Customers must book by March 31, 2004 and mention "Save $150" promo at time of booking. Tours include round-trip air transportation from New York; twin-share accommodations for the superior tours and triple/quad share for budget tours; most breakfasts and dinners; transportation by luxury motorcoach and daily sightseeing excursions. Contiki also offers air add-ons available for more than 65 additional cities nationwide.

About Fly Free To Europe Promotion: Offer is valid on specific March and April departure dates. Tours include round-trip air transportation from New York; twin-share accommodations for the superior tours (Panorama and Explorer) and triple/quad share for budget tours (Contrasts and Adventurer); most breakfasts and dinners; transportation by luxury motorcoach and daily sightseeing excursions.

About Contiki: Contiki tours are specially designed with 18- to 35-year-olds in mind. Each tour offers the perfect balance of sightseeing and free time, with plenty of suggestions from Contiki�s knowledgeable tour managers. For those adventurers seeking extra thrills, Contiki offers a wide variety of optional activities such as white water rafting in Tyrol, Austria; parasailing in Corfu, Greece; or a folklore lunch and lake cruise in Lucerne, Switzerland. Optional activities can be arranged and booked on site with the tour manager. Contiki European vacation packages begin at $75 a day with escorted tours that feature the following: accommodations; most breakfasts and about half of the dinners; transportation by climate-controlled motorcoach and trains or ferries, where indicated; guided sightseeing; plus a young, professional tour manager and driver throughout. Prices quoted are per person based on land/air packages, twin-share. Solo travelers can be matched with same-sex roommates to avoid single supplement costs.

In business for more than 40 years, Contiki offers more than 100 escorted tours, resorts and cruises, specially designed for 18- to 35-year-olds. For more information and a free Contiki 2004 Europe brochure, consumers should see their travel agent, call (888) CONTIKI or log onto www.contiki.com. Contiki also offers escorted tours throughout Australia, New Zealand, Canada and the U.S.

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Media Contact: Kathrina Calbes Contiki Holidays 714-935-0808 x5165 marketing@contiki.com