Stronger Euro Puts Enormous Pressure on Tourism

The depreciation of the euro against the US dollar makes some in the tourism industry worry about when this trend will end. In the first quarter of 2015, no negative effects of this have been felt, but if it continues, there is concern that the flow of tourists out of Europe will slow down because they will have cheaper alternatives elsewhere. It will be less of a problem for those who booked in advance, but the growing group of last minute booking vacationers may hesitate when deciding on their next holiday destination. Of course, this applies to all destinations where the euro is not the national currency, but Curaçao tourism in particular relies heavily on the European markets and the Netherlands in particular. The Curaçao guilder is pegged to the US dollar.