The weakened krona makes Sweden a cheap destination for tourists from countries with stronger currencies.<\/p>\n\n\n\n
It creates jobs and growth. But it could also drive up prices for hotels, restaurants and entertainment in Sweden this summer.<\/p>\n\n\n\n
It is positive for Swedish growth when foreign tourists with purchasing power come here. It creates jobs in the tourism industry and it pushes up the so-called tourist net, which has a positive effect on GDP.<\/p>\n\n\n\n
But for Swedes who choose to spend their holidays at home \u2013 perhaps precisely because it looks expensive abroad as a result of the weakening krona \u2013 an increased flow of wealthy foreigners could have a negative effect. The foreign tourists create room for price increases on everything from entertainment to hotels, restaurants and domestic travel services.<\/p>\n\n\n\n
\u201d"There may be higher price pressure on hotels in Sweden than there otherwise would be, especially in the big cities. Such an effect may exist there. And in that case it will be visible in inflation and it may make it a little tougher for Swedish households to vacation at home," says Torbj\u00f6rn Isaksson, chief analyst at Nordea.<\/p>\n\n\n\n
\u201dBut I don't want to exaggerate that effect,\u201d he adds.<\/p>\n\n\n\n
Isaksson believes that there could be a small tourist effect on inflation as early as May. Eurovision in Malm\u00f6 and Taylor Swift in Stockholm attracted many foreign visitors.<\/p>\n\n\n\n
\u201d"It could be a few tenths of a percentage point of inflation," he says.<\/p>\n\n\n\n
Over a ten-year period, the krona has weakened significantly against most world currencies and lost value across the board \u2013 with the Norwegian krone being an exception.<\/p>\n\n\n\n
Germans and French people have gained almost 30 percent more purchasing power in Sweden through the euro since May 2014. The Danes have followed suit, thanks to the Danish krone's fixed exchange rate against the euro.<\/p>\n\n\n\n
British tourists have also received a boost \u2013 with a 23 percent appreciation of the pound against the krona in ten years.<\/p>\n\n\n\n
For American tourists, the development is even more dramatic. The dollar has increased in value by 62 percent against the krona in ten years \u2013 of which 6 percent since the turn of the year. The dollar currently costs 10.70 kronor, which can be compared to just over 6.80 kronor ten years ago.<\/p>\n\n\n\n
Swiss tourists are slightly below, with a currency appreciation of 59 percent in ten years \u2013 despite a slight weakening of 2.5 percent for the Swiss franc since the turn of the year.<\/p>\n\n\n\n
\u201d"What stands out is the Norwegian krone, which like the Swedish one has been weak. The Japanese yen has also been weak in the past year. Otherwise, the krone has weakened on a fairly broad front," says Isaksson.<\/p>\n\n\n\n
Source: TT-DI.SE<\/p>","protected":false},"excerpt":{"rendered":"
Den f\u00f6rsvagade kronan g\u00f6r Sverige till ett billigt resm\u00e5l f\u00f6r turister fr\u00e5n l\u00e4nder med starkare valutor. Det skapar jobb och tillv\u00e4xt. Men det kan \u00e4ven trissa upp priser p\u00e5 hotell, krogar och underh\u00e5llning i Sverige i sommar. F\u00f6r svensk tillv\u00e4xt\u00a0\u00e4r det positivt n\u00e4r k\u00f6pstarka utl\u00e4ndska turister kommer hit. Det skapar jobb i bes\u00f6ksn\u00e4ringen och det […]<\/p>\n","protected":false},"author":25,"featured_media":296621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[184],"tags":[4540,86,3319,1936,417,193,4538,4537],"class_list":["post-296620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turism","tag-bnp","tag-hotell","tag-krogar","tag-kronan","tag-sverige","tag-tag-turism","tag-turistboom","tag-valtuan"],"acf":[],"yoast_head":"\n