Falling Australian dollar makes accommodations (and beer) cheaper.
Yesterday I wrote about how the rising U.S. dollar is creating winners and losers in the domain name world. Today I received an email from TRAFFIC Down Under, the domain conference taking place in Australia next month, illustrating how the falling Australian Dollar makes the trip a lot more affordable for people traveling from the United States:
Currently, with the weak Australian dollar, it is very attractive for International guests to attend, given the fact that in the last three months the AUD has dropped from US$0.95 to US$0.60. So beers are cheaper, meaning you can drink more!
To give you an idea, three months ago accommodation at The Sheraton Hotel would have cost you approximately US$250 per night, now with the weaker Australian dollar, it’s as little as US$150. A “3 Park Super Pass” (entry to Sea World, Wet ‘n’ Wild and Warner Brothers Movie World over 5 days) would have cost you US$178, now it’s as cheap as US$112. Or more importantly, a standard beer (US$4.75) would now only cost US$3.00!
And I’m told that no, Australians don’t really care for Fosters beer.
Of course if you’re traveling from Europe the cost has also gone down since the Australian dollar has lost value compared to the Euro and Pound, too.
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