Slate Daily Feed Slate Money | Perfecting the Balance Between Tourists and Locals
May 26, 2025
Dive into the world of tourism and local economies as hosts dissect the pitfalls of hotel breakfasts and why you might want to skip them. They unpack the struggle to keep prices fair for locals amid tourists' spending sprees. Explore the clash of authentic dining experiences versus tourist traps in New York City. The conversation also highlights generational travel differences and the case for local discounts. Finally, they tackle the economics behind tourist perceptions of value and the surprising math of travel expenses.
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Tourists vs Locals Price Sensitivity
- Tourists spending large amounts on travel make individual expensive experiences seem like negligible additions.
- Locals who pay repeatedly for the same experiences are more sensitive to price changes.
Avoid Popular Tourist Restaurants
- Avoid the handful of extremely popular tourist restaurants to find hidden gems in large foodie cities.
- In places like Mexico City and Tokyo, many excellent restaurants remain undiscovered by tourists.
Choosing Comfort Over "Best" Food
- Emily Peck took her daughter to a packed dumpling place that was uncomfortably crowded.
- They left and found a nearby ramen place that was quiet, delicious, and memorable instead.