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Crashing rand makes a holiday in SA very compelling

Source: Tourism update, 10/12/2015

While markets punish the South African currency as its debt moves
inexorably to junk status, the international tourist is smiling.

The replacement by President Jacob Zuma of the experienced Finance
Minister with someone with almost no experience, saw the currency
crash to new low this week.

The result is a very compelling offering to international visitors who
earn in dollars, euros or pounds.

Compared with a year ago, the US dollar will now go 33% further.
The euro goes 29% further.

The British pound 33%.

Good news for international tourists for the medium term is that
SA-based suppliers who also depend on the domestic market are unlikely
to rush to increase their rates.

The domestic market is in the doldrums and will keep suppliers
honest.

Suppliers who get most of their business from overseas arrivals will,
in all likelihood, raise rates, especially in high season.

The overseas visitor looking for real value should look to try and
holiday like a South African would.

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