Weak U.S. Dollar Means Unexpected Bargains For Foreign Tourists

www.oann.com | 9/30/2013 | Staff
Firefang (Posted by) Level 4
(Reuters) – Toshi Sugiyura and his wife Naka had a pleasant surprise awaiting them in San Francisco when the couple arrived from Japan on an anniversary trip, thanks to the U.S. dollar’s months-long slide against the yen.

The 37-year-old business owner from Nagoya said the stronger yen gave them more dollars to buy gifts for their children.

Dollar - Hawaii - Naka - Sugiyura

“If the dollar keeps going down, maybe we’ll go to Hawaii,” added Naka Sugiyura, 41.

The dollar’s declining value this year is giving foreign visitors like the Sugiyuras unexpected purchasing power and will likely increase how much they spend on their holidays, travel experts said.

Gains - Euro - Pound - Yuan - Currencies

Solid gains by the euro, British pound, Chinese yuan and other major currencies against the dollar since the start of this year have been too recent to affect most travel decisions. Tourists typically lock in vacations months or even years ahead of time, experts said.

But travelers who had already booked for this summer are finding their home currencies are stretching further than six months ago.

Spending - Economist - Adam - Sacks - President

“We could see more spending by those who already planned to come,” said economist Adam Sacks, president of Tourism Economics in Philadelphia.

Brian Yong, a 45-year-old information technology engineer from Shanghai, said the yuan-friendly exchange rate made his two-week stay in San Francisco a better bargain and would let him to do more shopping.

Lots - Exchange - Rate - Yong

“Lots of Chinese come here because of the exchange rate,” Yong said.

Foreign visitors make a big contribution to the U.S. economy, with 75.6 million of them spending $244.7 billion last year, the Commerce Department said. Foreigners spent nearly $84 billion more than Americans spent in other countries.

New - York - City - US - Destination

In New York City, by far the most popular U.S. destination for foreigners, officials hope stronger foreign currencies will translate into extra dollars for shopping, even if only...
(Excerpt) Read more at: www.oann.com
11 other people are viewing this story
Wake Up To Breaking News!
Satan's greatest desire is to convince the world he doesn't exist, and he has quite nearly succeeded.
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!

LongRoom Culture
Fire and Dominoes? These domino set ups by Kaplamino feature candles, sparklers and balloons to create an exciting array of...
WOW! Dynjandi Waterfall in Iceland is Amazing! Iceland is an amazing magical place!  This series of waterfalls is massive and...
Baby Elephant Rescued by Female Elephant While Surrounded by Lions Just Waiting For The Rescue To Fail! Another example of the...
Russian Mother Cat Adopts 8 Orphaned Hedgehog Babies! When these hedgehog babies lost their mother in a lawnmower accident, the...
Funny Hamster Running On Wheel With Friend Gets Caught And Hit With The Wheel On The Rear Until He Breaks Free!
Captain Jumped Into Frigid Waters To Rescue Crew Members Of The Capsized Fishing Boat The Grayling! When Captain Pruitt of the...
Dog Says Thank You To Owner! Can dogs really talk?  There are so many examples of dogs saying things that we understand, it is...
Storm The Golden Retriever Rescues A Baby Deer From Drowning! A true hero, Storm and his owner, Mark Freeley were walking along...
Time Lapse Of Orb Spider Spinning Web! Orb spiders are amazing web spinners and this one is captured creating its masterpiece...
Longboarding In The Alps With Metal Sliding Gloves! This amazing run down a steep road really shows how the gloves are used.
Knife Cutting Through Wood Like Butter! Wood carving takes very sharp tools!  This carver shows how he is holding the spoon in...
Man Jumps From Trampoline Into A Giant Inflated Bubble Ball! Complete with somersault, this man jumps from the trampoline to...
Dog Runs Along The Beach With Kite Boarder! It doesn't look like this kite boarder expected to have such close company on his...
Waterfall Unable to "Fall" Due To High Winds! Unusual video of a waterfall that is being blown by the wind so severely that it...
Little Cowboy Learning Calf Roping At Just The Right Age! When the calf breaks out of the chute, this little cowboy is ready.
Dog Shadows Every Move That His Owner Makes! This dog couldn't be happier than to make every move that his owner makes at the...
Fun Physics Tricks You Can Try At Home! These physics tricks are great experiments to try at home just for fun! Here's another...
Life Hacks That Will Help You Organize Your Clothes! This collection of tips and tricks in organizing your closet and drawers...
Cat Can Play Shell Game Flawlessly! This con game does not con this cat who can pick the right cup everytime!  The cat would be...
Mother Grizzly Carries Her 2 Cubs Across River On Her Back! This touching video shows a mother grizzly swimming across the...
Darwin's Bark Spider Has Real "Spidey" Power And Builds Bridge Over 80 Feet Long! This spider is able to extrude a strand of...
Dance Meets Light Show - Light Balance Dancers at America's Got Talent 2017! This dance routine is amazing. It is...
Mouse Doesn't Let Being Upside Down and Under His Running Wheel Stop Him From Getting a Good Run In! Something is not right in...
One Cat Finds That Another Cat is Using Him As A Chair! The look on this cat's face is as though he is saying "You can't be...
Kite Surfers Setting World Record! It took a lot of kite surfers to make this video and some very exacting  and exciting riding.