The South African Rand has continued to decline dramatically over the past five years. It is currently worth about half of what it was even just four years ago. It is actually at its lowest point in nearly 15 years, and yet safari prices continue to increase. I suppose it's just supply and demand, but you would think there would be some savings out there due to this dramatic South African currency devaluation.
I'd especially be interested in the thoughts of those on Bowsite that own the Safari companies if there has been that much of an increase in demand or reduction in supply during this time. It's my understanding that the number of animals available for hunting in RSA is at an all-time high as well, so one would think that even if demand had increased, additional supply would keep the prices from rising and the devaluation of the Rand would cause prices to go down. Just curious on people's thoughts.
When the canadien currency is more then charge the exchange rate when the U.S. Dollars is more charge in U.S. Dollars
Funny how that works
Same with the gas surcharge crap few years back
I think it's just like anywhere else...people are willing to pay what (in this case) the companies are charging. Why would they charge less? They are booking up at the current prices so why lower them? People are still buying gas at the current prices so why should oil companies lower the price?...etc...
But, the bottom line is economics. God Bless
That is a benefit enjoyed by proprietors in disadvantaged areas when their clients are disproportionately from affluent areas.
Anyone see any decline in tire prices lately????
The Outfitter that need to buy in animals every year because they hunt almost all off his animals the previous year will need to rise his prices... The outfitter that have enough animals on his property to breed will not need to rise his prices he will actualy be able to lower his prices IF the dollar stay strong against the rand!!
On auction Impala groups are selling for $300-$500 per animal, Bluewildebeest groups are selling for $800-$1000 per animal... Kudu Bulls over 50" are selling for $3000 and up!!! So if you are buying in to be able to hunt next year you will need to rise the prices! I cant see why you should rise the daily rates ...
Well that's my piece of info here out of Africa
God bless and have fun HUNTING!!! PS my prices stay the same for next season and we will have some deals on specific species Reon
Things may not be off to the races since then.... but have stabilized and removed the fear of spending money that may have been seen as life insurance at some point. The buyers have recovered to a degree.
Another point that ties directly to supply and demand.... with the current political climate WRT African trophy hunting (not just Cecil, it has been building for several years now) has the supply itself been drawn down? Maybe the same or even fewer hunters competing for fewer hunts offered?
Thanks for your insight from the safari operator's perspective. I also appreciate the fact that you put your pricing on your website. I find it annoying when other operators don't do that. Maybe those that don't fail to do so because they are tied to the fluctuating market auction prices?