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4:59 pm on 9 July 2009 (219 views)

Credit Crunch and Holidays

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Category : Travel and Abroad

In the end we decided we would come back from our holiday in Corralejo, Fuerteventura. We had a great time, just as we did last year :) The weather was great and the surf was, as always, perfect!

It was very different there this year. Talking to the locals made us realise just how hard they are being hit by the credit crunch and peoples general unwillingless to spend. The majority of their economy is based around tourism.

The bars and restaurants were generally quieter - one of the bars we enjoyed (http://www.myspace.com/tattooz_n_boozerockbar - we like to rock!) were talking about a drop of 90% in custom compared to last year and now in his 8th(ish) year is going to close up shop - literally can't afford to keep it open!

Less people eating and drinking out and therefore less tips for the locals. The tips were invariably being spent on going out most nights. Now, they spend their tips in one night instead. Interestingly, and it's a shame really, there was a larger number of people taking these "all inclusive" deals with large complexes on the outskirts of the town. The reality is that they are quite a good deal. But being stuck in the same place for a week sounds like a nightmare to me and there are some great restaurants and bars in the town. Let alone all the people you can meet...anyway...back on topic...

Just yesterday we were talking to a girl who worked in the Clean Ocean Project store and also does photography (mainly people surfing and the like) and as with most of the people there she's going to keep on going along as she can. But she is optimistic that she can ride it out until things start to pick up again.

They live in a place where the cost of living is low but the cost of low tourism is very high! I'm pretty sure we'll be going back again and hope to see some of our new friends again.

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  • Michael
    Michael at 09:58 13 July 2009
    Looks like a lovely spot Rob - how did you find the exchange rate. Euro causing you any trouble?
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  • Rob Hudson
    Rob Hudson at 10:23 13 July 2009
    Hi Michael. Certainly was nice :) That photo was taken during an off-road day we planned on a day off from surfing - some brilliant terrain and really accessible.
    4x4 Hire: 60 Euro
    Petrol: 19 Euro
    Map: Free
    Views: Priceless :)

    The Euro exchange rate made a reasonable difference. We had currency at 3 different rates (some better than others!), so for simplicity we were doing a 1 to 1 conversion (less a tiny bit).

    The prices there, being a touristy place, are comparable to the UK. So this time round it was more expensive for us. Saying that, an Italian restaurant we really liked had lowered their prices compared to last year in an attempt to get more people in. Although that did not seem to be the norm. If anything, prices had stayed the same since last year (the Cafe Lounge did a cracking BBQ for 10 Euro with Aussie Sean - as much as you could eat - same price as last year).
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