Aussie dollar hits 10 year high
Consumer media are awash today with reports that Aussies will enjoy cheaper cars, clothing and household goods as the Australian dollar gains strength, but the inbound tourism industry wasn’t celebrating yesterday when the dollar reached its highest value in more than a decade, closing above 82 US cents.
Analysts say that the rising value would lower the costs of imported goods such as motor vehicles, clothes, footwear and electronics, which have been falling steadily as the dollar has surged since 2001 and are predicting that prices will d fall even further, particularly in the highly competitive sectors of cars, apparel and household goods, as retailers pass on their import savings
Australians travelling overseas will benefit, but inbound tourists will face higher costs, worsening current fears about declining visitors, with Australian Tourism Export Council managing director Matthew Hingerty saying emerging tourist markets such as China and India were particularly sensitive to price fluctuations, as were some established markets, adding, “We are particularly concerned about Japan, which, even before today, was telling us the reason we had seen double-digit declines in growth in that market had been the cost”.
Report by The Mole
John Alwyn-Jones
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025