A Declining Dollar Impacts Travel Decisions
May 5, 2008
Frommer’s newsletter this morning outlined in detail a comparison of destinations all over the globe, detailing what a dollar could buy.
It is obvious here in the States that travel and vacations are increasingly impacted by the declining dollar and the gasoline prices. As we analyze travel decisions and budgets, we see that those who still can afford to travel the Caribbean choose cruise ships and “dollar friendly” destinations.
Puerto Rico and the Virgin Islands are obvious choices here. Traditionally “cheap” destinations as the Dominican Republic, especially being serviced by low-fare airlines like Spirit and JetBlue do better than average as well.
It would be good for St. Maarten (at least the Dutch side) to advertise strongly that the Antillean Guilder has been pegged at a fixed rate to the dollar for many years, which implies that the dollar has not lost its traditional purchasing power on the friendly island. Whether merchants, restaurateurs or hoteliers purchase their goods and merchandise in the U.S. or not, it would be wise to clarify to the US traveler that in St. Maarten “a buck is still a buck”.
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[...] As a Declining Dollar Impacts Travel DecisionsIt is obvious here in the States that travel and vacations are increasingly impacted by the declining dollar and the gasoline prices. As we analyze travel decisions and budgets, we see that those who […] [...]