As the US dollar grows stronger, bookings are blooming at Canadian heli-skiing operations. The lure of legendary Canadian mountain destinations, renowned hospitality, and now the “powder discount” is proving too much for our friends south of the border to resist.
The US dollar saw it’s 10-year low in July of 2011 and has been climbing steadily since. The biggest boost, however, has been over the past 12 months, which has seen the US dollar rocket from $1.20 CAD to $1.40 CAD. There appears to be no end to this rise in sight, as Canadian forecasts are predicting the US dollar to hit $1.50 CAD in 2016 and remain comparatively low “until the end of 2018 and potentially even longer.”
With close to a half-dollar bargaining advantage, American heli-skiers are looking at 50% discounts when considering Canadian operations, like Great Canadian Heli-Skiing.
“We’ve always had a large percentage of American guests, but we’ve seen a real increase in the past year,” noted Great Canadian Heli-skiing owner, Greg Porter. “Our operation, located conveniently close to Calgary, has been a favourite with American guests who want booking flexibility, a 5-star hosting experience and lots of skiing.”
“The biggest difference we’ve seen with the recent surge in the US dollar is a number of new American guests and many of our current American guests are booking a multiple ski vacations this winter. The exchange rate cannot be argued with and we have the reputation for delivering lots of great skiing for people on a tight schedule who want to maximize their precious time in the mountains.”
While the rise of the US dollar might seem like bad news for Canadians, in tourism-based towns like Golden and Revelstoke, it means good news for the economy. “We’re lucky to have a strong economic base in tourism and we’re ready to welcome the influx of American tourists,” shares Tourism Golden Manager, Joanne Sweeting. “Tourism brings well over $65 million per year into Golden spent on accommodation, activities, dining, retail and other services – not only are our local businesses hiring more staff but they’re able to do renovations, buy more supplies locally, and generally increase the function of the local economy.”
The rise of the US dollar, combined with the absolutely epic winter we’re having is making northern ski destinations ever more appealing. “We only have a couple seats left in 2016 and are already approaching capacity for 2017. If you’re considering a heli-ski vacation, we’d recommend you choose a date and commit soon, or you’ll be waiting until 2018 or beyond,” shares Porter. “With the strong US dollar we now have to figure out a way to extend winter!”