Lower prices in Turkey?
Aug 12, 2018, 5:58 am
#16
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To be honest, I find it hard to believe that free market forces would not eventually have an impact over time so perhaps you are a bit too strong with your use of the word "never". This would be equivalent to all hotels raising prices 20% all at once overnight and all of them enjoying higher profits. Someone is bound to reduce prices, for example by 10%, and get a greater volume of customers as a result at still profitable prices, even better prices than before the currency crash. Then others start to follow to avoid losing customers and soon you have a perfect example of competitive market dynamics if and when it happens.
Aug 13, 2018, 1:37 pm
#17
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This dovetails with what I’ve experienced. We were hoping for some bargain basement pricees at luxury resorts, but as mentioned above any place we’d stay seems to be priced in euro (although you ultimately pay in lira) so there don’t appear to be any deals, at least not among the bigger names.
Aug 14, 2018, 10:49 am
#18
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This dovetails with what I’ve experienced. We were hoping for some bargain basement pricees at luxury resorts, but as mentioned above any place we’d stay seems to be priced in euro (although you ultimately pay in lira) so there don’t appear to be any deals, at least not among the bigger names.
https://pbs.twimg.com/media/DkkcE-zX0AI3X-z.jpg
I'm still waiting for the lodging industry to adjust prices. Maybe by 2035.
Aug 15, 2018, 4:29 am
#21
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Aug 21, 2018, 12:03 pm
#22
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When Turkish Airlines will be buying their fuel in USD, paying their navigation charges in USD and EUR, buying their aircraft and parts in EUR and USD, and paying their landing charges in EUR, USD and other currencies, there's not a lot left to pay less value in Lira for. Even if they decided to pass on their savings, it would be only a few percent of a typical airfare.