Calling all Canadian

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W.R - 26 Aug 2005 15:43 GMT

Hello Canadians

Would you like to be able to travel to a resort in the
U.S. and not have to worry about the exchange rate ?

We need your input - as we are considering just that
accepting Canadian funds with no exchange rate. We
have also done some quick comparisons.... and our
rates with out the exchange rate makes our resort a lot
more economical than some resorts in Ontario.

Wayne

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Richard - 26 Aug 2005 17:43 GMT

> Would you like to be able to travel to a resort in the
> U.S. and not have to worry about the exchange rate ?

> We need your input - as we are considering just that
> accepting Canadian funds with no exchange rate. We
> have also done some quick comparisons.... and our
> rates with out the exchange rate makes our resort a lot
> more economical than some resorts in Ontario.

If you mean that as a Canadian at your resort, I could pay $10 CAD for an
item that would cost $10 USD were someone else to buy it, then I'm in favour
of your proposal.

Jay Peak, a ski resort in Vermont used to have this policy for their lift
tickets (they might still have it, I haven't been in a few years).

Richard

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W.R - 26 Aug 2005 18:17 GMT

Hello Richard

Yes a cabin to be priced at $65USD/night for one bed
would be $65CDN.

We may also do some more things to assist Canadians
in saving money while travelling to the U.S. My wife and
I are looking at the purchase of a resort in Michigan and
yes Canadian funds at par will be one of our policies.

Would you mind spreading this policy for comment -
I sure could use more positive input to provide to our
investors.

I may be in the U.S but I was in the Toronto area.

Wayne

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Dave Smith - 26 Aug 2005 22:29 GMT

> Hello Richard
>
[quoted text clipped - 11 lines]
>
> I may be in the U.S but I was in the Toronto area.

Do what many shady retailers would do. Adjust your prices to
account for the exchange rate and then accept Canadian money
at par. If the exchange rate is 15%, take your $100 room and
boost the rate to $115. You risk driving away American
customers who will resent paying more than Canadians for the
same rate. But what the heck, hotel rates are flexible.
Between government rates, corporate rates, AAA discounts
etc., few people pay the posted rates anyway.

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Dave Smith - 26 Aug 2005 22:25 GMT

> If you mean that as a Canadian at your resort, I could pay $10 CAD for an
> item that would cost $10 USD were someone else to buy it, then I'm in favour
> of your proposal.
>
> Jay Peak, a ski resort in Vermont used to have this policy for their lift
> tickets (they might still have it, I haven't been in a few years).

A lot of places in Niagara Falls NY used to take Canadian money at par when the
exchange rate was around 10%. Now that it the dollar is close to 85%, and
rising it might happen again.

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Mark Brader - 27 Aug 2005 01:21 GMT

> A lot of places in Niagara Falls NY used to take Canadian money at
> par when the exchange rate was around 10%. Now that it the dollar
> is close to 85%, and rising it might happen again.

In case any overseas readers are confused by this: he means "when the
Canadian dollar was around $0.90 US" (around 10% lower than the US
dollar) and "now that it is close to $0.85 US". Because the two
currencies have often been close together in value, both ways of
expressing the exchange rate are common.

Signature

Mark Brader "The spaghetti is put there by the designer of
Toronto the code, not the designer of the language."
msb@vex.net -- Richard Minner

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GeorgeF - 26 Aug 2005 23:40 GMT

You failed to state where this resort is/would be located.
Also what type of facilities?

>Hello Canadians
>
[quoted text clipped - 8 lines]
>
>Wayne

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Travel Forum / Destinations / USA and Canada / August 2005

Calling all Canadian