Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Excuse Me, But How Much is that in Real Money?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

Excuse Me, But How Much is that in Real Money?

Bali by the Numbers: Balidiscovery.com Analyzes the Real Costs of a Bali Holiday.


Bali News:
Click Image to Enlarge

(10/18/2008)

Bali Hotels traditionally review their budgets and current occupancy levels before determining how much to increase their rates for the coming year. However, recent global economic events suggest that hoteliers may also need to consider movements in source country exchanges rates against the U.S. Dollar in order to truly understand the impact of price increases and follow-on effect on the market mix of the customers who patronize their properties.

The Role of the U.S. Dollar

Due to specific peculiarities of the Indonesian banking system almost all hotels in Indonesia price and contract their rooms in U.S. dollars. As a result, the ability of tourists from key source markets to afford a Bali holiday is directly linked to both the price of accommodation but also the value of that tourist's home currency against the U.S. dollar.

To illustrate this point, balidiscovery.com presents a table showing the "actual" cost increase in a US$100 hotel room in Bali from October 2007 to October 2008, factoring in both an assumed 25% increase in room tariff and shifts in home currency exchange rates against the U.S. dollar.

Here's what we discovered:

Australia - The Australian dollar has devalued 28.73% over the past year from October 2007 to October 2008. In fact, if measured against July 15th when the value of the Australian dollar peaked (0.98 AUS$ to US$1.00) the devaluation equals 41.17%.

In practical terms, this means that an Australian who paid AU$111.89 for a US$100 room in October 2007 is now paying 60.91% more or AU$180.05 for that same room. If compared to July 2008 to October 2008 – a span of only 3 months, that Australian traveler will have experienced a 76.46% increase in accommodation costs.

Japan - The assumed 25% increase in hotel rates by Bali hotels has been softened by a 12.94% appreciation in the Yen over the past 12 months. Thus, Japanese tourists will only pay 8.83% more for their hotel room in October 2008.

Taiwan - The Taiwanese dollar has remained stabile against the US$, meaning assumed rates have increased 25%.

South Korea - Over the course of the past twelve months the Won has devalued 31.20% making the assumed 25% hike in the U.S. dollar charge for a room result in an actual increase in cost of 64.01% for those poying in Won.

Euro - The Euro, too, has devalued against the US dollar, but only by 5.59%. Thus, a 25% hike in room rates means that European visitors are now paying 31.98% more for their room.

Indonesia - Because the Indonesia domestic visitor is also invariably paying a rate somehow linked to the U.S. dollar, it's worth to noting that the Rupiah has devalued 8.88% over the past year, meaning a 25% increase in room rate will translate into a 36.10% cost increase for Rupiah earners.

On the plus side, however, foreign visitors using dollar-tied currencies will theoretically get an 8.8 % bonus on the Rupiahs they purchase from banks and money changers to purchase local goods, meals and refreshments.







Bali by the Numbers

click image to enlarge


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Sunset Swim Ends Tragically
Finnish Tourist Drowns Off Berawa Beach in Bali
(2/18/2018)
Making a Difference in the Lives of Bali Children
Australian Margaret Barry Honored with Order of Australian Medal for Her Work with Bali Children Foundation.
(2/18/2018)
Bale Banjar Culture Club: Balinese Music Demystified
Vaughn Hatch of Mekar Bhuana Speaks on Balinese Music at March 11, 2018, Bale Banjar Lecture – Ayoda Resort Bali
(2/18/2018)
350-kms by Hand Cycle Around Bali
Giro Hand Cycle Ride Around Bali April 28 – May 1, 2018
(2/18/2018)
Writing it Long, Writing it Clear
Protestors Bring 150-Meter-Long Banner to Governor’s Office Rejecting Reclamation of Benoa Bay
(2/18/2018)
Canines Who Dine on What You Don’t
Hotel in Ubud Recycles Leftover Food to Feed Hungry Bali Dogs
(2/18/2018)
Hate Two Pieces
Angry Citizens Demand Removal of Hotel Advertisement on Denpasar – Gilimanuk Highway.
(2/18/2018)
It’s All Happening at the Zoo!
Bali Zoo Booming Over Chinese New Year Period
(2/18/2018)
Banyuwangi as a New Gateway to Bali
Banyuwangi – the Quick Way to Access Bali’s West and North, Now Poised to Become International Airport
(2/18/2018)
Fore Play in Nusa Dua
Free Golf Lessons on Wednesdays and Saturdays at Bali National Golf
(2/18/2018)
American Dies While Surfing
American Living in Bali Dies While Surfing off Sanur Beach
(2/18/2018)
A Nation of Islands; A Nation of Sails
Indonesian Traditional Pinisi Sailing Ships Named Icon of Cultural Heritage
(2/18/2018)
All [News]!