Leonel Speaks after Resorts & Free Zones speaks

[JDR]

The Europeans are coming on charters byt where will they stay?

The Europeans come in on charters and stay at the All-Inn Resorts. So it's the same problem. These package holidays were calculated at 38 pesos to the dollar as well.
Either the package will be more expensive in the new season, which will mean people choosing other destinations, or the peso must be devaluated......

For $800 Dr is worth it on a 7 day package. For $1,300 you can go to a real Island.

[Reel Deal]

Win you win business based on price, you will eventually lose the business based on price.

That is the essence of a "Whores Market".

If the AI's offered a really, really good product (instead of just a cheap one), currency valuation wouldn't hurt them that much.

It's a classic example of price elasticity/demand. There is a point when the percieved value of a product is less than the price; therefore the consumer quits buying it.

A good example in the NY Giants and Tampa Bay Buccaneers. No matter how expensive tickets to the Giants get, all the games are sold out; the on-field product doesn't matter. When the Bucs sucked in the 80's-early/mid 90's, you couldn't give tickets away at ANY price; the product was that bad.

The DR tourist industry needs something more than marketing their product as "cheap".

It may take a year or two until domestic pricing catches up to the currency revaluation.

This is a Third World country, people. Their problems are way beyond just the currency crisis. The currency crisis exists and has been created by many, many systemic problems which have evolved over many, many years. This recent problem is a symptom, not the problem.

Sometimes that headache is a brain tumor that has been growing for years. You don't treat it with an aspirin.

Even at 27:1, the DR is STILL a great value.

[Tonto4]

Thanks RD for your analysis of so many topics on this board. I appreciate you sharing your expertise.

[Reel Deal]

Oh...big, important news:

2 cases of Presidentes just arrived and being put in the cooler as I type this.

Eat your hearts out.

$2.25 each.

Is that per case? If not then they are a hell of a lot more expensive than Buds in US....

I sell Bud and Presidente for the same price @ my bar.

I should charge more for the Presidente, but I have a bias toward anyone who drinks it: we share a love for the same place on the planet (and the semi-sweet chocolate bunnies who live there... )