Originally Posted by
jpdx
This is probably unusual, but I spend some 100 nights a year in Asia, paid by my own (not other people's) money. The weakness of the euro in 2015 cost me several thousand euros extra. This occurred even though I was able to shift some of my travel from countries with poor exchange rates (e.g., HK, TW) to places with decent rates (e.g., Indonesia, Malaysia, Japan). So yes, exchange rates do have an effect on some of us, although of course you're right that, barring the most extreme swings, for the average 10 day trip to Japan the difference won't amount to more than a few hundred dollars.
Exception granted!
Originally Posted by
abraxis
80 vs 120 yen/USD makes a huge difference, say if you were to sack out at the Park Hyatt for a week.
I'm not saying 80 vs 120 doesn't make a big difference, I'm saying 80 vs 120 rests on the assumption that usdjpy will go to 80. That's why I took that logic, extended it a bit more in my previous post, and said 0.80 vs 120 would make a bigger difference.... Now, hypothetical assumptions aside, and back to reality (where usdjpy isn't doomed to 80), I said a few points rise or tumble in usdjpy won't make a material difference to the everyday person.
Besides, I would imagine large corporations like Hyatt have a forex risk department, no? I know many luxury fashion retailers adjust their prices based on the dollar strength, if not on a market-triggered schedule then on a fixed schedule. Tom Ford didn't for a while, and I raided the store when the rubles tumbled.