Impact of devalued USD on tourism and air travel

In article , nobody
wrote:

It has finally happened:

1.00 EUR Euro = 1.30280 USD United States Dollars
104.67 Yens to 1 USD. (below 105).

How much impact will this devaluation have on inbound and outbound tourism ?

I take it the USA media don't really talk about the lower USD against world
currencies ?

i was in Florida last week and other than on NPR, I only heard one
reference on CNBC

AJC wrote:

On Wed, 17 Nov 2004 05:28:46 -0500, nobody wrote:


It has finally happened:

1.00 EUR Euro = 1.30280 USD United States Dollars
104.67 Yens to 1 USD. (below 105).

How much impact will this devaluation have on inbound and outbound tourism ?

I take it the USA media don't really talk about the lower USD against world
currencies ?

Since legacy carriers rely a lot on intl flights for financial survival, how
will this impact them ? Will the low USD overcome the inhospitality of US
visa/customs procedures and orwelian measures and result in a net increase of
inbound tourism ?

Will americans stop traveling outside the USA because of their low dollar, or
will they still find it cheap to travel abroad ? Will airlines raise their
intl fares ?



Hard to tell. Fares to the US across the Atlantic have been at
giveaway prices for a long time now, I've booked tickets at EUR388 or
EUR469 return at short notice. Maybe they can afford to raise leisure
fares as EURs, GBPs etc go further in the US. Many Europeans don't
realise how low the USD has gone either. I was just explaining that to
someone on Sunday. They'd like to see New York, but assumed it would
cost a fortune, as I pointed out, if you go out of peak season the air
fares are a bargain, and reasonable accommodation in Manhatten is now
a decent price (in Euros).
--==++AJC++==--



Since it's only about 10% above the initial state with the euro I
suspect that there will only be a drop of a few folks who were taking
advantage of the initial euro collapse. In the past shifts of 10 or 20
percent haven't had a large effect. If it starts to pinch there will
probably be an effort to offer bargains bu some industry groups.

If it hits to the point that the higher fares to asia or south america
are balanced then there will be a major impact.

AJC wrote:

On Wed, 17 Nov 2004 05:28:46 -0500, nobody wrote:


It has finally happened:

1.00 EUR Euro = 1.30280 USD United States Dollars
104.67 Yens to 1 USD. (below 105).

How much impact will this devaluation have on inbound and outbound tourism ?

I take it the USA media don't really talk about the lower USD against world
currencies ?

Since legacy carriers rely a lot on intl flights for financial survival, how
will this impact them ? Will the low USD overcome the inhospitality of US
visa/customs procedures and orwelian measures and result in a net increase of
inbound tourism ?

Will americans stop traveling outside the USA because of their low dollar, or
will they still find it cheap to travel abroad ? Will airlines raise their
intl fares ?



Hard to tell. Fares to the US across the Atlantic have been at
giveaway prices for a long time now, I've booked tickets at EUR388 or
EUR469 return at short notice. Maybe they can afford to raise leisure
fares as EURs, GBPs etc go further in the US. Many Europeans don't
realise how low the USD has gone either. I was just explaining that to
someone on Sunday. They'd like to see New York, but assumed it would
cost a fortune, as I pointed out, if you go out of peak season the air
fares are a bargain, and reasonable accommodation in Manhatten is now
a decent price (in Euros).
--==++AJC++==--



Since it's only about 10% above the initial state with the euro I
suspect that there will only be a drop of a few folks who were taking
advantage of the initial euro collapse. In the past shifts of 10 or 20
percent haven't had a large effect. If it starts to pinch there will
probably be an effort to offer bargains bu some industry groups.

If it hits to the point that the higher fares to asia or south america
are balanced then there will be a major impact.

On Wed, 17 Nov 2004 20:10:00 +0800, "Nik"
wrote:


Just heard a Harvard professor's analysis of the US economy. He believed
that if everything went very smoothly the US$ had about 20% to go further
down to the Euro. However a smooth devaluation was not very likely in his
view...

How much does he believe it? How many euros has he purchased?

************* DAVE HATUNEN ) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *

On Wed, 17 Nov 2004 20:10:00 +0800, "Nik"
wrote:


Just heard a Harvard professor's analysis of the US economy. He believed
that if everything went very smoothly the US$ had about 20% to go further
down to the Euro. However a smooth devaluation was not very likely in his
view...

How much does he believe it? How many euros has he purchased?

************* DAVE HATUNEN ) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *

"Hatunen" wrote in message
...

How much does he believe it? How many euros has he purchased?


Good question. He didn't say!

Nik

"Hatunen" wrote in message
...

How much does he believe it? How many euros has he purchased?


Good question. He didn't say!

Nik

"Dennis G. Rears" wrote:

I for one decided against my annual fall 4-day weekend trip to Europe this
year becuase of the US$ weakness. Last time I went a dollar only bought 85
Euro cent and it was starting to be painful. Now a dollar only gets me 77
Euro cent.

Just looked at the Dollar/Pound rate this morning: $1.85 to the Pound and
expected to get close to $2 next year. Scratch England off my list for a
while...

"Dennis G. Rears" wrote:

I for one decided against my annual fall 4-day weekend trip to Europe this
year becuase of the US$ weakness. Last time I went a dollar only bought 85
Euro cent and it was starting to be painful. Now a dollar only gets me 77
Euro cent.

Just looked at the Dollar/Pound rate this morning: $1.85 to the Pound and
expected to get close to $2 next year. Scratch England off my list for a
while...

"Clark W. Griswold, Jr." wrote in message
...
"Dennis G. Rears" wrote:

I for one decided against my annual fall 4-day weekend trip to Europe this
year becuase of the US$ weakness. Last time I went a dollar only bought
85
Euro cent and it was starting to be painful. Now a dollar only gets me 77
Euro cent.

Just looked at the Dollar/Pound rate this morning: $1.85 to the Pound and
expected to get close to $2 next year. Scratch England off my list for a
while...

The US$ sucks so much everywhere except South America and SE Asia. The
places I wanted to go like South Africa and Prague are even getting to be
expensive. My strategy now is to save my vacation time until the US$ is
above toilet levels. According to economists worldwide the US$ will
depreciate even more.

dennis