The Bank of China has begun offering its customers in New York City and Los Angeles services in yuan, Bloomberg reports. Services include deposit, exchange, remittance, and trade finance. Business customers may access these services in New York City and Los Angeles, while at the moment individual customers can only access these services at the New York City branch.
What does this mean for travelers? Not much, yet. If you’re one of the many English teachers in China you can send money home more easily, but that’s about it.
It’s the long-term view that’s interesting. China is obviously trying to expand the range of the yuan (also called the renminbi) beyond its borders. In fact, Chinese Premier Wen Jiabao said as much last year when he expressed worry over how much China’s international assets are dominated by the dollar. This move allows international trading in yuan, which is sure to attract more investment and, if it’s successful, bolster the currency’s strength. It’s already at an all-time high against the dollar. The New York branch’s general manager says the move will eventually lead to the yuan being fully exchangeable with the dollar.
This will encourage further investment in China and could lead to more foreign businesses opening up shop there. It would also make it easier for international travel businesses to have offices in China. A yuan that’s strong against the dollar, however, will make trips to China more expensive for Americans.
Tourism is one of the fastest growing sectors in the Chinese economy. More and more Chinese are traveling abroad, and with greater access and use of their currency, those numbers will only increase. The World Trade Organization says if current trends continue, China will have the largest share of the world’s tourism industry by 2020, with 8.6 percent of global revenue.
Could yuan become another international currency like the dollar and the euro? Could we see money changers accepting them in more destinations? Only time will tell.
[Photo courtesy user Polylepsis via Wikimedia Commons]
GadlingTV’s Travel Talk, episode 26 – Click above to watch video after the jump
Are you ready for some (ahem) football? In part two of travel photographer Austin Mann’s trip to the 2010 World Cup, we bring you a look at the intensity and passion of the world’s biggest sporting event.
Watch as Austin navigates his way through the games and experiences how far people will go to show their passion for soccer; including sleeping in tents, dressing in outlandish costumes, & of course mastering the vuvuzela.
If you missed part one of Austin’s World Cup series, check it out here, otherwise click on below for part two!
If you have any questions or comments about Travel Talk, you can email us at talk AT gadling DOT com.
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Links What are some of Austin’s essentials as a travel photographer?
– Surefire G2 LED flashlight
– Garmin 60CSX GPS
– Pac-Safe lock
– Canon 5D MKII & Canon 16-35 f/2.8 II
– Gitzo 15141T Mountaineering Series Tripod
Road trips are meant to be fun, meaningful, and inspire some reflection as you set out for the great open roads. When the driving gets a little dull, though, there’s plenty to see on the side of the road.
The eastern portion of the United States is home to many world-recognized sites, but many of these grandiose tourist destinations overshadow the lesser-known, roadside attractions that are just as worthy of your time. Here’s a round up of some of the best off-the-beaten path attractions along the east and west coasts that are worthy of a break on your next road trip:
East Coast Museum of Bad Art – Dedham, Massachusetts
The Museum of Bad Art (MOBA) in Massachusetts boasts a collection of art so bad, it’s good. Visitors to this museum can peruse the various galleries, which contains an impressive (or is it non-impressive?) 400 pieces as part of its permanent collection. Popular pieces include their “Mana Lisa” — a painting that looks like the he-version of da Vinci’s famous smiling woman, among others.
Lucy the Elephant – Margate, New Jersey
At over 120 years old, New Jersey’s Lucy the Elephant boasts the title of America’s oldest roadside attraction. She’s constructed of entirely wood and tin, stands 65 feet tall and weighs in at a whopping 90 tons. For $4 a person ($2 kids), visitors can walk inside Lucy’s belly.
The Shoe House – York, Pennsylvania
Ever heard of the old lady who lived in a shoe? Turns out, that old tale may have actually been true. Located off the Hellam exit on U.S. 30 stands an actual, livable house in the shape of a shoe. It was constructed in 1948 by Colonel Mahlon N. Haines as part of an advertising gimmick.
Ben & Jerry’s Flavor Graveyard – South Burlington, Vermont
Every time a flavor of Ben & Jerry’s ice cream gets the boot, it makes a final resting place in their Waterbury cemetery. Each flavor gets a proper headstone so that visitors can walk by and pay their respects (free of cost). May Hunka Burnin’ Fudge and Economic Crunch rest in piece.
World’s Largest Ax – (Nackawic) New Brunswick, New Jersey
If there’s one thing Nackawic, New Brunswick in New Jersey is known for, it’s the gigantic ax that rests along the banks of the Saint John River. The ax represents the small town’s major impact in the world of forestry.
Miles the Monster – Dover, Delaware
Towering above the Dover International Speedway in Delaware you can find Miles the Monster, the mascot with menacing red eyes who watches over the NASCAR track. With a race car clutched in one had and a giant, muscular figure made of stone, Miles can be quite intimidating.
Yankee Siege Trebuchet – Greenfield, New Hampshire
You don’t have to know a lot about medieval warfare to appreciate the Yankee Siege Trebuchet in Greenfield, New Hampshire. This giant, 25,000 pound trebuchet (a chucking device) is most famous for its ability to hurl pumpkins incredibly long distances. In fact, in 2009 it set a world record by throwing a pumpkin 2,034 feet.
Secret Caverns – Cobleskill, New York
The secret caverns just outside Albany, New York were discovered in the late 1920s when a few cows had an unfortunate fall into an 85 foot deep hole. Explorers decided to check out what was down the hole and happened upon a magnificent 100 foot waterfall. To check out this natural phenomenon yourself, Take I-88 to exit 22 and follow the hand-painted road signs.
West Coast
The Thing – Tuscon, Arizona
Located off exit 322 on Interstate 10 exists something that travelers refer to as, “The Thing.” So what is this thing, exactly? Supposedly, it’s a mummified mother with her dear child. If that weren’t enough, the museum also features a car rumored to be owned by Hitler himself and a stuffed Armadillo clutching a beer.
Trinity Site – Whites Sands Missile Range, New Mexico
On July 16, 1945, the world’s first atomic bomb was detonated in New Mexico, an area now referred to as the Trinity Site. Tourists are able to visit the site twice a year — the first Saturday in April and October, from 8 a.m. to 2 p.m. There, you can view the 12-foot obelisk that marks the explosions hypocenter and walk around the huge crater, which is still littered with green, glassy pieces formed by the explosion.
Cadillac Ranch – Amarillo, Texas
This free roadside attraction is one of Texas’ most famous. It’s located in Amarillo along old Route 66 (Interstate 40) and was created in 1974 by artists who referred to themselves as Ant Farm. The art consists of 10 Cadillac cars halfway buried into the ground and covered in paint. Visitors can add to the artwork by painting their names or a picture.
World’s Tallest Thermometer – Death Valley, California
This 134-foot working thermometer is easily the world’s largest. It’s home is in Death Valley, California at 72155 Baker Blvd. Passers by can stop for pictures or simply determine what the current outside temperature is.
Giant Cabazan Dinosaurs – Cabazon, California
Nestled between Los Angeles and Palm Springs, California, tourists and locals alike can walk –or drive– amongst the world’s largest dinosaur statues. These life-sized dinos are part of a museum that’s open year round (excluding holidays) to adults and children. Visit this Western roadside attraction and you may feel like you’re living in prehistoric times.
Metaphor: Tree of Utah – Wendover, Utah
If you’re already in Utah to visit the state’s famous salt flats, you may as well take a gander at this quirky tourist attraction. It’s nicknamed the “Tree of Utah,” and is a tree-like statue created in the early ’80s by Karl Momen, a Swedish artist. It’s located on the north side of I-80 approximately 95 miles west of Salt Lake City, Utah.
Antler Arches – Jackson, Wyoming
The Antler Arches of Jackson, Wyoming are precisely what they sound like: arches that is constructed out of dozens of antlers. The arches themselves are pretty massive and rest at each of the four corners of Jackon’s town square.
Shoe Tree – Shaniko, Oregon
If you have an old pair of shoes to spare, you may as well chuck them onto the famous shoe tree in Alfafa, Oregon. After all, the tree houses hundreds of random shoes, tied together and swung over branches. You can find this quirky tree on Highway 26, east of Mitchell, Oregon near mile marker 89.
TV Simpsons’ House Replica – Las Vegas, Nevada
Even if you’re not an avid fan of television’s The Simpson family, chances are you’re at least familiar with the long-running series. In 1997, a house was constructed to look exactly like the Simpsons’ humble abode in Las Vegas, Nevada right off exit 64 on Interstate 515. The house is 2,200 square feet and part of a new subdivision appropriately titled, “Springfield.”
GadlingTV’s Travel Talk, episode 14 Part 1 – Click above to watch video after the jump
Blame it on the weather, the beautiful scenery, or the friendly hop-growing climate – any way you look at it Portland, Oregon is the proud home to the most breweries (and some of the best) in America.
As we continue to explore Portland, we take a look at the strange and obscure laws of consuming and purchasing alcohol in the United States. It’s important to know what the law is wherever you’re traveling, so tune in to find out who has the earliest last call, what a ‘dry county’ is, and why 21 isn’t necessarily the legal drinking age in the United States.
Check back soon for our continuation on Portland & a look into the most conservative & most liberal liquor laws around the world!
If you have any questions or comments about Travel Talk, you can email us at talk AT gadling DOT com.
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Links Be informed – list of consumption laws state by state.
When in Portland, take in the views from the aerial tram!
The spiciest wings in Portland! Fire on the Mountain!
Contest: We’re still giving away two free tickets on Virgin America!
To enter, join our Facebook group and send us an email, telling us 1) where you would go 2) what you would do there 3) who you would take.
At the end of May, one lucky winner will be randomly selected from our inbox. So, get your friends to submit to increase your chances!!
Hosts: Stephen Greenwood, Aaron Murphy-Crews, Drew Mylrea
Produced, Edited, and Directed by: Stephen Greenwood, Aaron Murphy-Crews, Drew Mylrea
We’ll just come right out and say it: far too many travelers and vacationers give far too little thought to where they’re staying. Maybe we’ve just been trained to assume a nondescript hotel is the only option when it comes to spending a night away from home, but whether you’re traveling for business or pleasure, things get a lot more interesting when you deviate from the norm. Not that we’ve any particular issues with hotels — in fact, we’re downright in love with some of them — but if you’ve never given consideration to a bed & breakfast, you should. Immediately. If you’re the type who prefers to get more ingrained in the culture of wherever you’re staying, personal service, homemade breakfasts and travel tips from locals who know the ins and outs of wherever you are, a B&B may be perfect for you and yours. Join us past the break as we seek to show you what you’ve been missing out on. Cultural beauty
Okay, so maybe it’s more like culture and beauty, but either way, you get a good helping of both when you select a Bed & Breakfast. Way more than at your average hotel, that’s for sure. In our experience, most B&Bs are somewhat off of the beaten path, which means you’ll be surrounded by fewer stoplights, automobile horns and stray Segways. All the while, you’ll likely be surrounded by more natural beauty, trees, streams, etc. We recently had a chance to stay at the magnificent Hisega Lodge in South Dakota, and while it was only ten minutes or so from Rapid City, it was completely enveloped in the Black Hills, sat next to a babbling brook and miles away from our nearest care in the world. Our stay at the Arrowhead Head in Durham, North Carolina has a similar story; it’s just minutes from the rigors of town, but once you’re on the property, you’re whisked away into a world that knows only rose gardens, tree-hung swings and private walking paths through the forest. There’s just something special about residing in a place that you’d visit anyway just to see the surrounding beauty, and the vast majority of B&Bs offer this very perk.
Personal service and expert tips
If you’re lucky, your local corporate hotel chain will have a bookshelf stacked with pamphlets about local attractions, which you’re free to take and investigate yourself with all that free time you’ve surely got. Some hotels have a staff that’s willing and able to help you plan a day or three worth of activities in the local area, but that’s definitely the exception rather than the rule. Hotels are designed to run as well-oiled machines, and you asking for half a hour of someone’s help to book activities isn’t part of said plan. A B&B, however, is there to do exactly that — cater to your every curiosity, and to get you headed in the right direction once you finish up a hearty breakfast. Most B&Bs and inns are owned by a couple (plus a few extra helpers if necessary) who genuinely love their guests; they love the company, the love to see others traveling, and they obviously love whatever part of the country that they’ve chosen to set up shop. At a B&B, you aren’t apt to feel as if you’re a nuisance for asking about awesome Italian eateries, the best horseback riding tour in town or the best ice cream shop within a half-hour’s drive. Oftentimes, these suggestions from seasoned locals can turn you onto things you would’ve never found on your own, and hey, who can say no to service with a smile?
Fellowship
Argue all you want, but hotels are lonely. Even if you’re there with a raft of kids, no other guests go out of their way to mingle with whomever else is staying during the same time. Ever noticed that? At a B&B, fellowship amongst the guests isn’t just encouraged, it almost comes naturally. Most venues have all of their guests down at around the same time for breakfast, and for budding extroverts (or the outgoing among us), the setup is primed for enjoyment. Meeting someone from Asia enjoying America for the first time, seeing a honeymooning couple from Barrow, Alaska and toasting coffee mugs with a foursome of newly graduated college kids from NC State? It’s all possible at a B&B, and even if you don’t make a lifelong pal, chances are you won’t soon forget the shared travel stories from those who have ended up in the same inn at the same time as you. When’s the last time you met Mr. Interesting at the Hotel John Doe down by the airport?
Exquisite breakfasts
Speaking of joining the group for a morning meal, we should probably mention just how important breakfasts are to bed & breakfast facilities. As you may expect, it’s a pretty vital part of the experience, and every owner we’ve ever encountered takes it very seriously. To say that B&B meals are likely to be some of the best you get on the road is a severe understatement; during a stay at the charming Rose Cottage B&B in Portland, Oregon, we were treated to a four-course breakfast that was prepared by hand in front of our eyes by one of the most spunky grandmothers we’d ever seen. Every bite was better than the last, and a year later, I’m still talking about it. To boot, getting the opportunity to converse with the B&B owner as they serve you is a truly rewarding and enriching experience, particularly for curious travelers who can never hear enough tales. Seriously — those gratis cereal and fruit buffets at Holiday Inn Express, and particularly those $30 room service pancakes, can’t hold a candle to the grub shown above.
B&Bs represent a fantastic value
It’s a common misconception that a lodging venue that provides personal service, a homemade breakfast, a relaxing atmosphere and more surrounding beauty than most hotels could dream of providing is markedly more expensive than the more traditional options. Fact is, most folks don’t even do the research and compare the prices. In Portland, Oregon our B&B stay was just over $150 (including tax) per night; the room was comparatively huge, the breakfast would’ve cost at least $40 – $50 if sourced from an upscale restaurant, and the fellowship / relaxing atmosphere was simply priceless. Try finding a decent hotel in the Portland area for less, with a comparable level of service, room amenities and breakfast. Chances are, 4- and 5-star hotels will cost you just as much as a stellar B&B, and oftentimes much, much more. In markets saturated with hotel options, the delta may be greater, but many owners are willing to work with you on pricing — particularly if you inquire about rates during the off season. Still, if you’re looking to splurge on a stay, there’s no better way to do than at a B&B; in our many experiences, it has always been money well spent.
[Images provided by Dana Jo Photography]
