How do currency exchange rates influence the price of holidays?

How do currency exchange rates influence the price of holidays?

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Article ID: iaor20083974
Country: United Kingdom
Volume: 6
Issue: 4
Start Page Number: 272
End Page Number: 273
Publication Date: Dec 2007
Journal: Journal of Revenue and Pricing Management
Authors:
Keywords: economics, yield management
Abstract:

For international tourism, exchange rate acts as both a direct and indirect influence. In determining the attractiveness of a destination, the favourability of currency exchange varies for inbound long and short haul visitors. The impact of exchange rates also affects the domestic holiday market as travellers choose foreign markets when rates and prices are optimal.

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