Has the euro affected the prices in Ibiza??

N

NYchick1978

New Member
Heya

Juat booked a holiday this July but slightly concerned about spends!
The last 3 years I have taken approximately £500 spends for a week which has been enough. Just having spoken to a mate, he recommends at least £1000!

Anyone over there at the mo or anyone in the know about prices for this season and whether club tickets/drinks etc will be going up extortionately??

We dont want to be caught short!

Thanks! :oops:
 
Even taking inflation and normal price rises out of the equation, you money is going to go a lot less further due to the drop in exchange rate. last year i was averaging on 1.41 euro to the pound, now its currntly around 1.03 which is a heck of a difference. To put it into perspective, a drink that cost 3 euros last summer (which was equivalent to just over £2.00) will now cost you nearly 3 pounds just because of the exchange rate difference.

i have noticed a mark increase in the cost of flights and accomodation purely down to this. A 12 day trip this year, at the same time and in the same hotel is double what it cost me last year.
 
Ugh doesn't sound too good then! I have checked today and the rate today is 1.15 euros to £. Not great, still if we make sure we don't drink in the clubs and try to obtain tickets in advance we may be able to keep costs down. Luckily the flights and accommodation is already paid for.

Cheers for the information.
 
To answer your question: No. The prices will probably be about the same.

The relative strength of the euro won't affect prices because all the prices in Ibiza are already in euros!

You'll be able to get fewer euros in exchange for your devalued pound... but those euros will still buy the same amount of stuff.
 
like morbyd says, prices here don't go down because the brits were too stuck up to join the euro and are now paying the price for it.

i know let's change the price of tomatoes because the pound is weaker than Iraqi democracy.

on the flip side though, i do know british promoters are looking hard and long at ticket prices this year and trying their best to get drink prices reduced. so chin up!:D
 
The strength of the euro against the pound almost certainly won't change prices, that is true. Brits will just have to take it on the chin and get on with things in that regard.

But surely, greater expense for Brits and a worldwide ecomonic slow down means reduced amounts of people on the island? Reduced numbers of people visiting means more competition between clubs and bars for custom?

At the end of the day, it's down to the people who run these businesses themselves. Some will reduce prices, some won't. Some will get it right, some won't. Depends on the size of the brand, depends what they're up against, depends how worried they are, depends whether specific promoters believe that reducing prices is going to persuade people to choose them over other nights etc.
 
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Phil_Dicko said:
At the end of the day, it's down to the people who run these businesses themselves. Some will reduce prices, some won't. Some will get it right, some won't. Depends on the size of the brand, depends what they're up against, depends how worried they are, depends whether specific promoters believe that reducing prices is going to persuade people to choose them over other nights etc.
Click to expand...

You'll be alright as long as your not planning on going to Tiesto, Judgement Sundays, Cream, Cocoon, We Love... , FMIF and Subliminal!

Those nights will fill their respective venues regardless.

The smaller nights are well worth a shout for discounts...
 
We've had this discussion before, but I'll reiterate.

You've had a great run with the strong pound. How long has it been? 10, 15 years? Had to end some day!

Unfortunately, I get paid in rubles, which have also nosedived vis-a-vis the euro. My Ibiza trip this year will also be comparatively more expensive.

My only saving grace is I still tend to think and plan in dollars. Since the dollar has strengthened a little against the euro since last year, at least it will FEEL like I'm spending less money :lol:

Don't worry... people who get paid in other currencies that have fared better against the euro will probably take up the slack if some of you Brits drop out. ;)
 
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neilly303 said:
You'll be alright as long as your not planning on going to Tiesto, Judgement Sundays, Cream, Cocoon, We Love... , FMIF and Subliminal!

Those nights will fill their respective venues regardless.

The smaller nights are well worth a shout for discounts...
Click to expand...

Yeah, that's what I meant by "some will, some won't". The bigger brands like Cream and Cocoon would still pack out their respective clubs if the tickets were 60-70 Euros. Well, FMIF has proved that already.

Morbyd said:
We've had this discussion before, but I'll reiterate.

You've had a great run with the strong pound. How long has it been? 10, 15 years? Had to end some day!

Unfortunately, I get paid in rubles, which have also nosedived vis-a-vis the euro. My Ibiza trip this year will also be comparatively more expensive.

My only saving grace is I still tend to think and plan in dollars. Since the dollar has strengthened a little against the euro since last year, at least it will FEEL like I'm spending less money :lol:

Don't worry... people who get paid in other currencies that have fared better against the euro will probably take up the slack if some of you Brits drop out. ;)
Click to expand...

As I say, mate, I'm talking more about numbers in general rather than the currency strength. The economic slow down is a world wide problem, not just a British one. I agree that Brits (like myself) should just accept the way the currency is at the moment and get on with things. You won't hear me complaining on that front. And, if any prices do reduce, it won't be the strength of the euro that brings them down.

Whether the economic slow down does reduce numbers on the island is yet to be seen. We won't know for sure until the season starts up. At the moment, I'm just hoping.
 
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A very valid point. I was thinking of it from a currency point of view, but you're right to point out that the overall economic situation will undoubtedly have an effect on the number of visitors from all points of departure.

One wonders if the people for whom it is, at the moment, business as usual will splurge on their regular holidays or hoard cash just in case something goes awry. I personally have not curtailed my spending habits, and still plan to head to the island this summer, but there is that voice in the back of my head telling me to watch the pennies as you just never know...
 
Phil_Dicko said:
... Brits (like myself) should just accept the way the currency is at the moment
and get on with things ...
Whether the economic slow down does reduce numbers on the island is yet to be seen ... .
Click to expand...
"...
24th March 2009
CREDIT CRUNCH AND STRENGTH OF EURO
MAKE BRITS ABANDON SPANISH HOLIDAYS

The number of Brits taking holidays in Spain is in freefall
- because of the recession and
- the strength of the euro against the pound, new figures revealed today.

Spanish tourism chiefs said 206,500 fewer UK holidaymakers visited the country last month compared to February 2008, a drop of 23.4 per cent.
...
And the Balearic islands - which include Majorca, Ibiza and Menorca -
have had 17,000 fewer British tourists in the first two months of this year
compared to 2008.
...
The figures are potentially devastating for Spain.
...
Experts say Brits have abandoned their holidays on the Costas
because of the credit crunch and the week pound.
They have been looking for cheaper holidays outside the Euro zone
in countries such as Egypt and Turkey.

The pound fell 23 per cent in value against the Euro in 2008
and ended the year close to parity.
The euro is now worth about 92 pence ...
..."
http://www.dailymail.co.uk/news/wor...euro-make-Brits-abandon-Spanish-holidays.html
 
icebaer69 said:
"...
24th March 2009
CREDIT CRUNCH AND STRENGTH OF EURO
MAKE BRITS ABANDON SPANISH HOLIDAYS

The number of Brits taking holidays in Spain is in freefall
- because of the recession and
- the strength of the euro against the pound, new figures revealed today.

Spanish tourism chiefs said 206,500 fewer UK holidaymakers visited the country last month compared to February 2008, a drop of 23.4 per cent.
...
And the Balearic islands - which include Majorca, Ibiza and Menorca -
have had 17,000 fewer British tourists in the first two months of this year
compared to 2008.
...
The figures are potentially devastating for Spain.
...
Experts say Brits have abandoned their holidays on the Costas
because of the credit crunch and the week pound.
They have been looking for cheaper holidays outside the Euro zone
in countries such as Egypt and Turkey.

The pound fell 23 per cent in value against the Euro in 2008
and ended the year close to parity.
The euro is now worth about 92 pence ...
..."
http://www.dailymail.co.uk/news/wor...euro-make-Brits-abandon-Spanish-holidays.html
Click to expand...


Well, there you go. And if fewer people visit the island this summer, "smaller" clubs, promoters and bars will have to adjust accordingly.
 
It's only expensive because they have a very short time to make their money.

Places like Benidorm open all year round so they can afford to make drinks, food etc cheap. Ibiza bars etc can only really make their money April til October so they alter their prices accordingly.
 
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