updated 7/16/2009 10:35:41 AM ET 2009-07-16T14:35:41

The deal
The dollar’s exchange rate against the euro and pound is sliding again, so that classic European summer getaway may seem a long ways off these days.

Luckily though, many European hotels are offering lower rates and incentives to help ease the burden for Americans traveling abroad. Check out hot hotel deals like these for air credits and guaranteed dollar rates in London, Paris, Venice and more European cities and nap a night’s rest from only $280.

Guaranteed dollar rates in Paris from $280/night
Just steps from the sprawling Jardin de Luxembourg on Paris’s Left Bank, the Hotel des Academies et des Arts is just a short stroll away from Montparnasse, Notre Dame and the many lively cafes throughout the Latin Quarter.

Reflecting the artistic legacy of its surroundings (Modigliani, Picasso and Gauguin all painted here), this affordable boutique art hotel incorporates painting, sculptures and video throughout its creatively designed interiors.

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Guests can choose from among 20 rooms decorated with murals by the renowned street artist Jérôme Mesnager and black and white upholstery inspired by Man Ray, all available this summer at extremely reasonable rates. Stay two nights or longer in July or August and enjoy a guaranteed rate of $280/night, no matter how far the dollar slides against the euro.

$500 air credit: Luxury hotels in London, Venice & more from $375/night
The crème de la crème of luxury hotels, we’re talking Four Seasons and Mandarin Oriental, are offering a great deal available through Classic Vacations. Now, travelers who book a five-night stay at participating European luxury hotels an air credit of up to $500 towards the cost of their flight.

Essential Paris

Our favorites include London’s posh Milestone, a Victorian mansion in fashionable Kensington from $525/night and the romantic Hotel Londra Palace from $428/night.

It’s hard to beat Santorini’s decadent Zannos Melathron hotel, a 19th century mansion with panoramic island views for just $375/night. Enjoy unlimited luxury but be sure book by April 27, 2010.

The dollars
Based on double occupancy. Taxes and fees are additional.

The catch
These offers do not include airfare. Visit ShermansTravel.com to find the best fares for your destination city.

ShermansTravel is a guide to top travel deals and destinations. Sign up for Sherman's Top 25 e-newsletter which features the best editor-screened deals from hundreds of travel providers and is delivered to over 4 million subscribers, free, each week. ShermansTravel also publishes trip ideas and travel features to inspire, guide, and go.

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