PDA

View Full Version : American Economy



PalmBeachDreamer
04-09-2008, 11:17 PM
Hello everybody,

The american economy has been said that it is not doing well recently and going into recession.

Has this affected you and your decisions to visit Aruba?

How has this affected Arubas Tourism and business activity on the whole?

Anybody care to give me some of your views?

Thank you.

skdiddy
04-10-2008, 12:29 AM
Personally I can tell you that I've had my plane tickets booked for almost 6 months now, a bit before the worst of the economic distress hit, so it was a little easier to afford then.

As far as spending money goes, I've been sitting on some for a while and the rest, well, we've cut back on other extravagances to ensure that we can go as comfortably as possible.

I do worry that with the dollar as weak as it is, that we are going to find things to be terribly expensive, and that will be a bummer. I try to look at things with a positive attitude, however, and know that this is only one year (so far!) out of many many years to come that we will be going to Aruba, so if one is spent eating more pizza then steak, well, so be it!

It's the water, weather and warmth that I would be willing to bet that 99.9% of the people on this site go there for, as do we, and after your fixed costs (i.e. airfare, hotel) are paid, that part is free. Yes, we crave our favorite restaurants, but again, if we can't afford it, then we can't afford it.

And once you go, you have to go back. It gets in the blood!

I would imagine that there are some people not going because of the economy and that stinks.

As far as Aruba itself goes, I haven't been there yet this year, but will take a look when I get there and see what I think. I have no idea if they are hurting or not.

May I ask, where are you from? Seems your question was posed from an foreign perspective...

Shawn

cindyo
04-10-2008, 08:23 AM
Nope...will still go no matter what the economy is...we save in advance.

confused1
04-10-2008, 08:37 AM
Actualy we are looking to go more often and maybe buy another timeshare or two

Andrea J.
04-10-2008, 08:58 AM
The USA's current "state of recession" (greenspan says we are there) influenced many of our vacation decisions.

Let's face it everything is so expensive here at home. Between heating oil, gas and groceries we are at an all time HIGH on spending just for essentials.

This has affected our decision to visit Aruba. We are not going in early September as we usually do.

Our upcoming trip beginning Apr 23 will be very different from the other Aruba trips. We plan on eating out only 5 nights instead of the 10. MJs will probably not be on our list for dinner. We plan on only a few runs to the casinos and cut our slot and craps allowance in half.
We are not doing any "extras", no horseback riding and no shopping other than for groceries. We are not broke and i do not intend to imply poor mouthing. This is a difficult time for us as we are selling this house soon and moving and retiring. We are being cautious and careful.
* disclosure- we are in the process of renovating our home in maine and will be all moved in there and not carrying 2 houses after july. 2 heating oil fill ups last week.....$987 in maine and $863 in ma. ....................yikes. carrying these 2 houses, paying for renovations and occupancy costs are adding salt into the recession wounds.

I have no idea how well or unwell the Aruban economy is holding up. Aruba thrives on the USA tourist as well as tourists from any other places. But, with the USA economics in such a state of affairs, the trickle down effect has got to be affecting all tourist destinations.

Many of us save and save for our time in Aruba. Paul and I actually have an automatic withdrawal of $75 every pay check (mine and his) to fund vacations. We usually use FF miles to travel between home and aruba. Our vacation savings this year have been redirected to house renovations.

thank you for this thread.
what a good idea.
i want to hear other's opinions!
andrea



Hello everybody,

The american economy has been said that it is not doing well recently and going into recession.

Has this affected you and your decisions to visit Aruba?

How has this affected Arubas Tourism and business activity on the whole?

Anybody care to give me some of your views?

Thank you.

Kim L
04-10-2008, 09:33 AM
We save during the year for our annual Aruba vacation. We don't really spend a lot of money (separate from air fare and hotel). We don't go out for three meals. If we eat a decent lunch then it's just snacks for dinner. We go to the grocery store and buy beer and some snacks. Shopping is minimal - Aruba Aloe, Gouda Cheese and Dutch chocolate for a few close friends and our pet sitter. Our reason for going to Aruba is to relax, enjoy the beach, and just be away from it all.

Mom22
04-10-2008, 10:43 AM
May 2 will be our first trip to Aruba. It is our understanding that Aruba can be quite expensive. With the help from this site I have uncovered many ways to cut corners. For instance, we are going to have a delivery made by Ling and Sons to the Hyatt actually a few days before we arrive (due to public holiday on our arrival date). Mostly, Balashi, Water,Soda and I will bring snacks for the beach from home. We would rather cut costs a bit and have a Balashi sitting on the beach than paying a small fortune sitting at the bar. Snacks from home will keep us from ordering pricey alternatives at the swim up bar.

To save a few when connecting with our children who will be staying behind, I have set up with T-mobile for the 5 days we are away, unlimited text messaging, video and picture messaging. Less than $6 for the five days. They prorated the monthly fee for this service. Unless the kids want to hear our voices this is how we will communicate. We can record a message with a video and send it. This way they get to see were we are. This will cut back on the expense of making costly calls back to the States. Note, you do have to make sure that you sign up for World Class Service (gives you permission to use cell phone, internationally).

Search the internet for discounted aiport parking sites. We are parking at Thrifty car rental at Logan Airport. Found a 10% off coupon on line. Made free of charge advanced reservations and they have shuttles to Logan every 5 minutes. Upon return, the shuttle driver will take your parking ticket, call ahead and your car will be started and waiting for you when you arrive at the lot. Have done this before and it is sooo much better than paying premium prices at airport, Economy lot shuttles run every 20 min.

~Amy~®
04-10-2008, 10:51 AM
It has not effected us in our travel to Aruba at all. We always make sure we have enough money set aside for emergencies in the event of a job loss, etc., we have no credit card debt, both of our cars are paid for, and our house is almost paid for. So there will still be two trips to Aruba this year as there has been in the past. Now if we were not able to find airfare for under $550 we may have reconsidered, but luckily, the airfares were still in our "comfort zone".

The only travel plans the economy did effect us on was our decision to not go back to Europe this summer since the exchange rate for the Dollar is so poor. It didn't make financial sense to "throw" that money away as we stepped off of the plane. So we are going to San Francisco and Napa Valley instead and spending our money in the U.S. where it's needed.

Kymra
04-10-2008, 10:55 AM
I am hoping the failing economy drives down airfare and hotel prices! I would imagine it's only a matter of time before that happens.

With no one having $$ to travel, there will have to be some sort of drop in price or incentives one would think!

Graham Flanagan
04-10-2008, 12:44 PM
Being Canadian, I have a different take on how the Amercian economy has impacted my travel to Aruba. Indeed, when I first went to Aruba in January 2002 the exchange rate was about $1.50 Canadian dollars for $1 U.S. dollars. At present the Canadian dollar is almost on par with the American dollar. As a result, it is actually cheaper for me to take a tour/cruise/dinner in Aruba now than it was six years ago (i.e. even when taking inflation into consideration).

:cool:

Terry Joz
04-10-2008, 01:21 PM
I don't think it will effect our trip this May 15 - 25. We have put the money aside since last May when we were there. We got our tickets very early and got a good deal leaving from JFK, NY (434.00 each round trip:doh:) can't beat that one now!:D
We also have another 2 trips planned this year, one to Grand Canyon and one to Cabo San Lucas, Mexico. We have already paid for air fare and we used time share exchanges for villas. We may cut back on eating out and doing some tours, but that will be about it.
Terry Joz

Andrea J.
04-10-2008, 01:34 PM
wow it is good to hear that so many of your aruba vacation plans will not be affected by the usa's economy. i am shocked.

so many are in such dire situations, and so far on this thread most seem to have good control over their vacation plans/expenditures.

:thumb:

andrea

PalmBeachDreamer
04-10-2008, 10:39 PM
thank you again for your great responses.

This is an important matter for me as i am planning to start a business in Aruba, and a percentage of my clients will be Americans. :p

This is part of my research ( thank you for participating) , and with these responses i have to put my thinking caps on.....extra hard!!!!

I am British in reply to your question.

Thank you Americans, you are so much more open and friendlier than us British!I am looking to forward to meeting some of you in the future, hopefully.

Arubalisa
04-11-2008, 10:46 AM
It has not effected us in our travel to Aruba at all. We always make sure we have enough money set aside for emergencies in the event of a job loss, etc., we have no credit card debt, both of our cars are paid for, and our house is almost paid for.
This, imo is the key. I heard a statistic yesterday that 70% of Americans are carrying credit card debt. How many folks are charging these trips to Aruba?

With credit tightening, how many people are going to be able to continue maxing out their credit cards to travel?

We will continue to travel to Aruba as long as the CASH in our wallet allows us to do so. Our family makes small sacrifices all year long in order to afford our annual Aruba vacation.

We have also "switched" to all inclusive vacations. Luckily for us, children 17 yo and younger, such as our daughter. stay and eat free at the Tamarijn. ;) :D

Pages 64 - 71 of the spring issue of Island Temptations magazine include a feature story
"All-inclusive Cuisine Gourmets Up!" (http://www.island-temptations.com/)

~Amy~®
04-11-2008, 11:49 AM
This, imo is the key. I heard a statistic yesterday that 70% of Americans are carrying credit card debt. How many folks are charging these trips to Aruba?

With credit tightening, how many people are going to be able to continue maxing out their credit cards to travel?



That's a good point! Alot of people charge their vacations whether they have the money to go or not. But they won't be able to continue it forever in this economy.

We always pay cash....so for us if there's no cash, then there's no trip.

Terry Joz
04-11-2008, 01:24 PM
We charge on our Marriott Visa to get points, we get 10 points for the dollar when charging at the Marriott. But we have the cash put away already to pay that card off as soon as bill comes in. When not in the Marriott we use cash!!
Terry Joz:D 5 weeks to go!!

lou and nay
04-11-2008, 01:52 PM
To me paying cash is the same as putting everything on a credit card and paying it off when it comes due.

I have an American Express that we use as cash, pay it off every month, and then I collect the perks once a year.

The recession in the US is something that seems to affect businesses more than individuals; if you plan right. I am not surprised to hear that folks on the forum save and plan for their luxury items (i.e. vacations). The automatic withdrawals are a great idea so you don't feel the pain when you pay for the vacation.

After I get married, I will start saving for the next vacation. One nice thing is that my grandparents live in Myrtle Beach, so we can always have a cheap vacation if we need some time to save for another Aruba visit!

~Amy~®
04-11-2008, 02:32 PM
To me paying cash is the same as putting everything on a credit card and paying it off when it comes due.



That's basically what I meant - we put it on the card then pay it off when the bill comes but we have the cash to do that. Unfortunately, there are some who do not - they take the trip anyway, and try to pay it off over time with interest (and in the meantime charge other items and it snowballs.)

Arubalisa
04-11-2008, 04:07 PM
That's basically what I meant - we put it on the card then pay it off when the bill comes but we have the cash to do that. Unfortunately, there are some who do not - they take the trip anyway, and try to pay it off over time with interest (and in the meantime charge other items and it snowballs.)
Exactly...we use an AMEX skymiles card for the miles, pay it off at the end of the month...but not everyone is as smart as all of us here. ;) :)

Eagle Beach Boy
04-11-2008, 08:24 PM
Too many people are blaming the mortgage lenders and the credit card companies for their problems. They wanted what their parents took a lifetime to achieve, NOW. It didn't help when the credit card companies go after the university students,

Andrea J.
04-11-2008, 08:56 PM
we use our credit card (AA airmiles master card) for everything except federal and state taxes)
we even pay son's college bills on the credit card

we pay the credit card bill in full every time

when my mom was alive (she had severe dementia) she was in a nursing home from 1999- 2004. 5 years, ranging from $7000 monthly early on to $10,000 a month prior to her passing.

the nursing home accepted the aa miles master card and then i paid her portion of the bill with her money.

she died with less than $4000 to her name. the disease was sad, her demise was sadder and the bills were obscene.

my son, since he was 16 has been receiving credit card solicitations from all of the cc companies. it is unbelievable!
thank goodesss that he has the brains to know his limits (he has no real income yet)

he earns $90 a week tutoring at college. that $90 barely pays his gas and his dry cleaning. (yes dry cleaning........he is at the maritime academy and his weekly cleaning bill is $12)

getting back to the economy. and trying to make this so that it is "still aruba related" and i do not get reported......................:rolleyes: we are all affected by this recession or economic slowdown one way or another. those of us who are fortunate enough to be able to go anywhere near or far, are blessed.

i would like to know how the aruba citizens are coping with the drop of the dollar, the expensive airfares and if their # 1 business, "tourism" has been affected yet and if it is noticeable?

and tonight paul and i sit figuring out spending $ for our trip on the 23rd to aruba. it will be a frugal vacation, and i won't complain 1 bit!

andrea

ps . ok, yes i will complain.




Too many people are blaming the mortgage lenders and the credit card companies for their problems. They wanted what their parents took a lifetime to achieve, NOW. It didn't help when the credit card companies go after the university students,

Glen Cousner
04-14-2008, 10:42 AM
I too picked to travel West rather than East for my main summer 08 holiday because of the £vs$ situation.
I exchanged £500 last week and had $997 in return. Generally speaking, groceries in the US side of the Atlantic are about the same as in Europe so with us staying all inclusive that was not really an issue.
The deciding factor is the weather, the diving, the hospitality of the Caribean people vs Greeks/Spaniards/Italians or even going further East like Goa,India or The Seychelles....

So, having travelled around the US and Caribean a lot as a teenager I persuaded my other half that it would be great value for money coupled with excellent service and facilities.

The UK economy is starting to slow down too but the biggest difference is that we are tied to the European Exchange Rate Mechanism which keeps our interest rates low vs the Euro states...it all helps.

We are flying with First Choice for two weeks, upgraded flight tix, parking at the airport, a wedding,and all inclusive 3/4* hotel for £3600 ($7200).
That is £128 per day per person....
It costs more than that with just a greasy breakfast in central London...I know where I'd rather be....

Arooooooooooooooooooobaaaaaaaaaaaaaa!!!!!!!!!!!!!! !

Glen Cousner
04-14-2008, 10:43 AM
I too picked to travel West rather than East for my main summer 08 holiday because of the £vs$ situation.
I exchanged £500 last week and had $997 in return. Generally speaking, groceries in the US side of the Atlantic are about the same as in Europe so with us staying all inclusive that was not really an issue.
The deciding factor is the weather, the diving, the hospitality of the Caribean people vs Greeks/Spaniards/Italians or even going further East like Goa,India or The Seychelles....

So, having travelled around the US and Caribean a lot as a teenager I persuaded my other half that it would be great value for money coupled with excellent service and facilities.

The UK economy is starting to slow down too but the biggest difference is that we are tied to the European Exchange Rate Mechanism which keeps our interest rates low vs the Euro states...it all helps.

We are flying with First Choice for two weeks, upgraded flight tix, parking at the airport, a wedding,and all inclusive 3/4* hotel for £3600 ($7200).
That is £128 per day per person....
It costs more than that with just a greasy breakfast in central London...I know where I'd rather be....

Arooooooooooooooooooobaaaaaaaaaaaaaa!!!!!!!!!!!!!! !

Having said that...don't let me put you guys off Europe...it's stunning!!! You just have to get here between May and Sep if you don't like the cold....

Curlupndye
04-14-2008, 07:41 PM
I would say the economy has affected us minimally, we took some measures this winter to help with our utilities. I really feel for those that have oil heat, so many tell me they are spending $500 a month for heat:eek::eek:

We are not extravagant spenders, though this year I have spent more on luxury items that could have waited. We use cash on the island, the cc companies like USair and Cap One have been a joke as far as mileage goes. I have 2 trips planned this year, far in advance and no tickets were available for mileage. The rates on these cards is astronomical, the fee each year is $$, No more for me:mad: :mad:
I save and save all year round for my trips, there are many things I would like to do like concerts, weekends out of state, a weekly massage, but something has to be sacrificed, Aruba calls;)

Arubalisa
04-14-2008, 08:39 PM
The rates on these cards is astronomical, the fee each year is $$, No more for me:mad: :mad:
Good point, but our AMEX platinum card (with it's $300+ a year fee :o) just gave us a full refund on a coffee roaster I had bought for dh last year for Christmas. :)

With their doubling manufacturer's warranty's, we just shipped them the item for them to check over and they refunded our full purchase price from 13 months ago. MORE than paid for the cost of the card, nevermind all the other perks from the card which we do use.