Word: dollar
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Dates: during 1970-1979
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...everywhere, camping in Alaska, stamping to the beat of New Orleans jazz, tramping up Nob Hill, wolfing down lobsters on Nantucket, shooting white water on the Colorado River, besieging Bloomingdale's. Foreign tourists love a bargain as much as anybody else, and thanks to the decline of the dollar, the U.S. rather suddenly has become the world's major travel bargain. In consequence, the nation is finally getting a nice slice of international tourism, which is one of the biggest and fastest growing (up 18% last year, to $60 billion) items of global trade...
...Fontainebleau Hotel, a rococo relic of past prestige, came back from the brink of bankruptcy by becoming a mecca for overseas tourists who still associate it with glamour and bathing beauties. Tony Alonzo, a Cuban refugee who opened a small store in Miami in 1965, has built a million-dollar business by supplying Latin visitors with products that either cost them much more at home or are not available at all because of import restrictions. "Some tourists spend their vacation in my store," he says. "They buy their whole year's needs of brands they know-Arrow shirts, Levi...
Shopping is a major enticement because of the devalued dollar and the fact that markups, taxes and tariffs are lower in the U.S. than in many other countries. An article in the Paris trend-setting fashion magazine Elle has attracted many French women to Filene's basement, citadel of the frugal New England matron, for frocks that sell for a fraction of the price in Paris boutiques. On Rodeo Drive in Beverly Hills, Calif, Middle Eastern and Japanese tourists snap up $700 Omega watches, $500 Gucci handbags and $500 Brioni suits. While those prices seem stiff, they are often...
...services that can help non-English-speaking tourists find their way about or locate a doctor on short notice. In hotels, restaurants and stores, it often seems that any language is spoken -just so it is English. Any money will be changed-so long as it is the U.S. dollar...
...friend of Mama's bought me a camera because she thought I wasn't getting enough fresh air." Maude's picture taking became a career; she herself eventually became a legend to the millions who work and play in the form that is a billion-dollar synapse between technology...