Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Exchange Rates Impact Tourism, Home Sales in Florida High Season

Photo: George Socka via Wikimedia Creative Commons (edited)
/

The U.S. dollar is  strong against the Canadian dollar and the Euro. It's a financial situation that's good for Americans traveling abroad but a worry for Southwest Florida’s international tourism industry. The unfavorable exchange rate means Canadians and Europeans will get less for their money than they’re used to. Realtors in the area say some are choosing to stay put this winter, rather than visiting Florida.

 

Meanwhile, Canadians who own homes in Southwest Florida are choosing now to cash in. Home values have ticked up slightly, but when $1.00 US will buy $1.33 in Canadian money, many see now as the time to sell and take advantage of the exchange rate.

 

Thursday at 1:30 p.m. on Gulf Coast live, realtor Mareike Stoutenburgh of  Stoutenburgh Group International explains how exchange rates are affecting the Southwest Florida Real Estate Market.

 

We’ll also talk with Tamara Pigott, Executive Director of the  Lee County Convention and Visitors Bureau, about efforts to bring international travelers back to the beach.

 

 

 

Copyright 2020 WGCU. To see more, visit WGCU.

Julie Glenn is the host of Gulf Coast Live. She has been working in southwest Florida as a freelance writer since 2007, most recently as a regular columnist for the Naples Daily News. She began her broadcasting career in 1993 as a reporter/anchor/producer for a local CBS affiliate in Quincy, Illinois. After also working for the NBC affiliate, she decided to move to Parma, Italy where she earned her Master’s degree in communication from the University of Gastronomic Sciences. Her undergraduate degree in Mass Communication is from the University of Missouri at Kansas City.