Great Barrier Reef Tourism Benefits from Falling Australian Dollar
Tuesday, November 11th, 2008
The Great Barrier Reef is benefiting from a strong US dollar and weak Australian dollar. Photo: Copyright (C) 2004 Richard Ling (rling.com)
The Great Barrier Reef tourism appears to be benefiting from a strong US dollar and weak Australian dollar.
Amidst the global financial turmoil, the U.S. dollar has continued to strengthen while other currencies have struggled to keep up. The Australian dollar has taken a huge hit, and recently plunged to its lowest in 5 years.
While this is not normally something for Aussies to celebrate, it has made Australia a more attractive place for overseas visitors. In particular, $1 USD will currently buy you around $1.50 AUD. In other words, if you’re American, your dollar goes 50 percent further in Australia. If you’re Canadian you’ll gain around 25 percent.
“No Barrier to the Great Barrier Reef”
A recent campaign - “No Barrier to the Great Barrier Reef” - has brought in over $1 million dollars in bookings and quotes in the six weeks since it launched, and it’s likely that the low Aussie dollar has given the campaign an extra boost.
The campaign included an email to 260,000 North American frequent flyers, inviting them to visit Queensland - the home of the Great Barrier Reef.
The email offers packages such as:
- Eight days to the Whitsundays from $US1999 including return airfares from the US, accommodation, transfers, some meals and activit ies
- A Great Barrier Reef Air Pass from $US1199 which includes return airfares from the US and three domestic Australian flights including Cairns
- A $US599 Aussie Wildlife package which includes two nights in Brisbane, two nights on Fraser Island, entry to Australia Zoo and transfers
Tough Times for Australian Tourism
The campaign follows a particularly destressing time for the Australain tourism industry - particularly in the Far North.
“Destinations such as Tropical North Queensland have been hard hit by a combination of flight cuts, high fuel costs and a downturn in the global economy so our aim is to hit our key international markets with a range of value-for-money package deals that are too good to refuse” said Queensland tourism Minister Desley Boyle.
“Tourism Queensland invested $200,000 of the $4 million assistance package funding into five US campaigns, but thanks to buy-in from travel partners in North America, we have been able to increase the campaign spend to $1.9 million,” she continued.
Great Barrier Reef a “Must See”
Ms Boyle stressed the importance of visiting the Great Barrier Reef while holidaying in Australia.
“The Great Barrier Reef is one of American travellers’ must-see Australian destinations and because these special packages are only available for a short period of time, our aim is to turn their ‘one day’ dream into ‘let’s book today’ reality,” she said.
About the Great Barrier Reef
The Great Barrier Reef is the world’s largest coral reef system and the largest natural feature on Earth. It is under threat from climate change and water pollution, and unless urgent measures are put in place to prevent this, it could die out within three decades.
The New Zealand government has announced that they will dedicate $13 million to upgrade flood protection