Alternate charge hampers Canadian vacationers’ return to southern Maine coast

OGUNQUIT, Maine — Gary Latulippe beams as he talks about considerably larger advance reservations and better deposits this tourism season than any time within the 19 years he has owned Studio East Motel.

Gary Latulippe, who owns two motels in Ogunquit, says Canadian vacationers are returning, however they could restrict journeys due to a poor trade charge.

Each of his motels — he additionally owns the Sea Chambers Motel close to the ocean in Ogunquit — are busier at an earlier time within the season this 12 months. They’re booked at virtually full occupancy into the autumn in a robust restoration for an organization that noticed enterprise virtually grind to a halt throughout early COVID-19 restrictions.

However Latulippe worries about enterprise from Canadians, which pre-pandemic made up 75 % of his prospects at Studio East. The Canadian-to-U.S. greenback trade charge has been weak for the reason that starting of the 12 months, with a Canadian greenback equaling 73 cents right here. That distinction is anticipated to dampen enterprise alongside Maine’s southern coast in York County.