The Rise of the Unstoppable American Tourist
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HI doesn't cover cost of living though, which is an issue for tourists. It's not for people who live outside the country - like you and I. But, assuming most US tourists are keeping an apartment or house to return to, then they have to pay those higher costs as well. It's a relative, not absolute, part of income. However, I do wonder how true that…
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Hi all, A reminder that comments do need to be on-topic and engage with the article past the headline. Please make sure to read the article before commenting. Very short comments will automatically be removed by automod. Please avoid making comments that do not focus on the economic content or whose primary thesis rests on personal anecdotes. As…
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The problem as a traveler is you have no other option but to rent a hotel room or an Airbnb. Hotels stopped competing with each other due to pricing algorithms that influence every hotel in a region. These pricing algos are a huge problem across real estate products and the main reason prices have skyrocketed the past decade.
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It's the same in Canada right now. In the summer, you can't stay in any halfway decent place for less than $250 any night virtually anywhere. Airfares within the country are stupid expensive too. Europe, the Carribean, SE Asia are all more appealing now.
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Wow, that's interesting because I live in Ireland and many people here complain that it's too expensive to holiday at home, works out cheaper to go to Spain or Portugal.....and then the Spanish holiday in Morocco and the chain continues
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If you remember the early days, the majority of listings were genuinely people renting out spare rooms. It was competing with couchsurfing back then, the only other site where you chose to stay with strangers (but for free).
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Vail Resorts bought Whistler and did the same thing in Canada. The Mayor of Whistler actually told Vancouverites that we weren't welcome in Whistler because we didn't spend enough, especially the day-trippers.
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Alright, that's a good point. I'll admit that my snarky reply set an antagonistic tone, and I can see how you were potentially just following suit. That's fair. Where else have I been condescending, exactly?
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About 20% of this country is doing quite well and everyone else is eating shit. The WSJ writes for that top 20%. That’s why most people are like “wtf is this about” the WSJ is for, and about, rich people.
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Wow. Not sure why you even bother talking to other humans if you're just going to project a bunch of nonsense onto them rather than actually exhibiting any curiosity. Go play with your LLM, dweeb.