Economic problems
#5
Joined: Jan 2003
Posts: 2,049
Likes: 0
I would think, unless is comes to strikes and riots, the currency exchange rate would be the only thing you would notice. Now, while Europe is in economic turmoil, the US is hardly in good shape, so I think it is hard to predict which currency will be in worse shape.
#7




Joined: Sep 2010
Posts: 44,550
Likes: 3
Frankly, economic situation or not, I would NOT expect, or necessarily wait for
some great "deal" on airline fares but if business drops off then who knows?
the exchange rate Euro or UK Pound vs. US Dollar isn't going to affect the "tourists" who live in Europe and travel over THERE but their own economic situation might...Germany's economy isn't exactly in big trouble right now is it?
Ireland? if business drops off and that's a big if then maybe you'll get deals but don't forget all those European travelers who are going to be looking for "deals" also.
Hard call IMO; we are just about ready to try to get either FF award tickets for First Class to and from Europe for next October vs. paying for the seats...there are some cheaper fares out there RIGHT NOW (itasoftware.com) depending on the connections/code shares, etc., than I ever thought I would see for these service levels.
some great "deal" on airline fares but if business drops off then who knows?
the exchange rate Euro or UK Pound vs. US Dollar isn't going to affect the "tourists" who live in Europe and travel over THERE but their own economic situation might...Germany's economy isn't exactly in big trouble right now is it?
Ireland? if business drops off and that's a big if then maybe you'll get deals but don't forget all those European travelers who are going to be looking for "deals" also.
Hard call IMO; we are just about ready to try to get either FF award tickets for First Class to and from Europe for next October vs. paying for the seats...there are some cheaper fares out there RIGHT NOW (itasoftware.com) depending on the connections/code shares, etc., than I ever thought I would see for these service levels.
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#9
Joined: Aug 2007
Posts: 26,778
Likes: 0
I wouldn't count on huge discounts, but I would think there might be some and there is limited (if any) risk that the crisis might negatively impact your holiday. Depending upon the depth and length of the downturn, however, you could see some of the more upscale dining, lodging, and shopping options go out of business (or reorient themselves down market).
#10
Joined: Jun 2003
Posts: 12
Likes: 0
Ireland already was one of the most expensive places to visit or live in Europe before this crisis. Having come back from four months there, I also don't think you should count on huge discounts. I think that more businesses will close (already noticed many empty store fronts) and those still remaining that cater to or benefit most from tourists will not lower their prices by much. Actually think people will reduce inventories and keep prices about same.
That said, you may see more strikes and the like if the unrest about the economic troubles continues.
That said, you may see more strikes and the like if the unrest about the economic troubles continues.
#11
Joined: May 2003
Posts: 336
Likes: 0
I have been thinking that the B&Bs that consistently get rave reviews and hold the top rankings will continue to be fully booked and continue to provide the same service. However the ones that are less popular may need to cut back on amenities as the economy weakens.
I often will carefully choose from the slightly-less-popular places to save some money. It may be those "bargain" places that become less appealing as their cash flow tightens up and they begin to cut corners. I am feeling like I may just pony up for the higher listings wherever we go.
Of course, the sad things about this course of action is that it does not help hose already struggling. But I don't really think it is my job to spend my vacation dollars propping up the Irish hoteliers!
I often will carefully choose from the slightly-less-popular places to save some money. It may be those "bargain" places that become less appealing as their cash flow tightens up and they begin to cut corners. I am feeling like I may just pony up for the higher listings wherever we go.
Of course, the sad things about this course of action is that it does not help hose already struggling. But I don't really think it is my job to spend my vacation dollars propping up the Irish hoteliers!
#12
Joined: Nov 2006
Posts: 4,433
Likes: 0
I think the effect on B&Bs will be negligible. A few marginal operations might cease trading, but that is about it.
The effect on hotels and restaurants will be more noticeable: there already are lots of special deals available. The rate of attrition in that sector is greater, so I would not pay in advance for hotel accommodation without the benefit of local knowledge: it could hurt if the hotel went out of business before your arrival. You don't need advance bookings for a springtime visit.
The effect on hotels and restaurants will be more noticeable: there already are lots of special deals available. The rate of attrition in that sector is greater, so I would not pay in advance for hotel accommodation without the benefit of local knowledge: it could hurt if the hotel went out of business before your arrival. You don't need advance bookings for a springtime visit.
#15
Joined: May 2007
Posts: 8,247
Likes: 0
I visit appr. once every 3-4 months.
From my "semi-tourist" perspective, I'd say:
Hotel prices are often down, esp. along the major motorways.
I remember times not so long ago when €99 was considered a "deal", now the same places ask for €69 or €59 per night. But it's usually not that cute little hotel in a triple A location...
Restaurants are somewhat less expensive. Or out of business - esp. those which were in the middle of nowhere, formerly asking €35 for a simple steak. You do see "early bird specials" or BYOB but that is more the individual strategy of the restaurateur than a general scheme. It does not hurt to look around and compare prices/deals, though.
Gas/petrol prices are UP. Probably not that much of a problem for a tourist, though, from an overall perspective.
Grocery prices are down or moderate. Renting a self-catering cottage can save tons of money compared to only relying on B&Bs and dining out.
Anyway, if you come from a non-Euro country, you probably lose or gain more by any substantial change of the exchange rate than from saving €20 on meals or spending €20 more on gas.
From my "semi-tourist" perspective, I'd say:
Hotel prices are often down, esp. along the major motorways.
I remember times not so long ago when €99 was considered a "deal", now the same places ask for €69 or €59 per night. But it's usually not that cute little hotel in a triple A location...
Restaurants are somewhat less expensive. Or out of business - esp. those which were in the middle of nowhere, formerly asking €35 for a simple steak. You do see "early bird specials" or BYOB but that is more the individual strategy of the restaurateur than a general scheme. It does not hurt to look around and compare prices/deals, though.
Gas/petrol prices are UP. Probably not that much of a problem for a tourist, though, from an overall perspective.
Grocery prices are down or moderate. Renting a self-catering cottage can save tons of money compared to only relying on B&Bs and dining out.
Anyway, if you come from a non-Euro country, you probably lose or gain more by any substantial change of the exchange rate than from saving €20 on meals or spending €20 more on gas.





