The rapidly escalating value of the Euro against the U.S. Dollar may reap an unexpected boost for Bali tourism.
On Friday, November 28, 2003, the Euro broke the psychological barrier of US$ 1.20 mid way through the European session. This represents an all-time peak for the European common currency with economic pundits predicting a continuing climb to US$ 1.25 to one Euro by June of 2004 as the Greenback weakens against a pattern of unbridled public spending and debt accumulation by the Bush Administration.
Impact on Bali Tourism
Because most tourism products in Bali, such as hotels and transportation components, are quoted in U.S. Dollars, Bali and Indonesia as a whole are destined to become increasingly attractive to both European and U.S. Visitors alike.
European tourists, once they overcome the psychological barriers imposed by negative travel advisories, will discover Bali holidays cost 20-25% less than they did just a year ago due to the strength of their home currency. Meanwhile, U.S. visitors will find Bali continues to be attractively priced in comparison to a European holiday which, priced in Euro's, has become 20-25% more expensive to dollar earners over the past year.
All tour prices listed on balidiscovery.com are listed in U.S. Dollars.
Now that is good news!
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