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How will the recession effect travel?

Travel Forums General Talk How will the recession effect travel?

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1. Posted by Jacaranda (Budding Member 61 posts) 7y

For all you economic buff's out there it's time to explain to some one with complete ignorance how the current recession will effect my travel plans.

Starting from Feb the 19th i will be leaving England with english pounds and travelling to:

Iceland
Eastern Europe
Turkey
Iran
Kazakhstan
China
Mongolia
Nepal
India
Laos
Thailand
Malaysia
Indonesia
PNG
Australia

Does this only effect you in a negative light if the economy of another country is substantially stronger than the currency you have or am i being daft?

Any info would be ace

Cheers

2. Posted by Daawgon (Travel Guru 1993 posts) 7y

It would be very nice if the problem were that simple, but today the world's economies are all tied together, and very few countries will be left unaffected (if any). Not only will exchange rates be affected, but travel facilities will be reduced and number of tourists visiting will decrease as well. Just look how the airline industry is reducing flights on unprofitable routes right now. No one really knows how extensive the problem will be or how long we'll be down.

3. Posted by karlyfu (Budding Member 62 posts) 7y

I know in australia it should be cheaper for you because our dollar is going so low. Apparently its the 'buffer' for the rest of our economy... doesn't really help those travelling from Australia, but if you're coming here with another currency it should help you well.
I don't think anything else will change here, we're not really getting hit as hard as europe, because of china blah blah.
No idea about the other places. By the sounds of it you could almost buy Iceland!

4. Posted by Swept Away (Travel Guru 1113 posts) 7y

I really don't get this...

I just know my money shrunk in LAOS...

Is it that bad already. It was a huge lost.

crisis or no crisis, I guess its the same for most southeast asian travellers.

5. Posted by Swept Away (Travel Guru 1113 posts) 7y

Quoting karlyfu

I know in australia it should be cheaper for you because our dollar is going so low. Apparently its the 'buffer' for the rest of our economy... doesn't really help those travelling from Australia, but if you're coming here with another currency it should help you well.
I don't think anything else will change here, we're not really getting hit as hard as europe, because of china blah blah.
No idea about the other places. By the sounds of it you could almost buy Iceland!

the Chinese money gets stronger??? and I am planning to visit again. I am staying away from the big cities.

6. Posted by angela_ (Respected Member 1732 posts) 7y

Iceland will be a lot cheaper for you because the króna is really low, at least right now.

7. Posted by Sander (Moderator 4811 posts) 7y

Yeah, I keep wishing this whole crisis could've happened a month or two earlier so it'd still be a good time of the year to come visit Iceland. :)

8. Posted by magykal1 (Travel Guru 2026 posts) 7y

The tabloids here love the iceland thing.

'Public Assets Frozen in Iceland'

etc

Most major economies have been affected at least a bit, including the Chinese, so overall it might not be too bad - difficult to tell at the moment, 'cause things are still fluctuating. I wouldn't worry about it - most of the countries on your list will still seem cheap regardless.

9. Posted by Highfall (Full Member 26 posts) 7y

Iceland is way cheaper now for sure, the recession will have no particular effect on Iran cos they have their own thing going on and won't be affected by the world economy. The rest, not sure.

10. Posted by Ladymacwil (Full Member 170 posts) 7y

My husband and I just returned from France and Italy. I'm proud to say; we did not deter our decision due to the current economy.
Either you have the desire to go...or not....One has to detrmine, "how much do I desire to go...." and then consider; "Can we afford to go...". It's really that simple.