from 14 to 20 November 2016
Barter Week Barter Week

Barter week from 14 to 20 November 2016

The global economic slowdown is indeed having a strong impact on the tourism industry. The demand, by world travellers and holiday-makers, for B&Bs and similarly small lodging organizations is in large increase, as a clear signal of a trend that is growingly leaning towards an informal, friendly and less expensive style of accommodation.

Bartering Week is the original initiative launched by the Italian group of www.bed-and-breakfast.it to promote such organizations. It will go from 14 to 20 November 2016 and will involve a vast number of Italian B&Bs which have enthusiastically welcomed the idea.

Bartering is indeed still very common in the present, owing much of its renewed popularity to the advent of the Internet. The popularity of bartering websites has soared as consumers are looking to new methods of shopping to counter the effects of the credit crunch. Swap parties, that is private or public events in which people meet to exchange all sorts of goods and services, also have developed in the USA and are quickly spreading throughout other countries.

From 14 To 20 November 2016, in thousands of Italian B&Bs, you can barter goods and services for your stay. Such items as homemade marmalade or a DVD collection can be suitable examples of barterable goods. Alternatively, the provision of gardening or plumbing services, or even of music lessons, can be just as much welcomed by a B&B owner.

Options and possibilities are indeed infinite. All one has to do is to confidently make his or her own bartering offer while making sure that this is serious, respectful and original. The Barter Week does indeed promise to be a unique event. It will contribute to creating a big network of brand new relationships and friendships while giving every traveller the opportunity to experience and enjoy Italy and its people.

 

What is barter?

Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money). It can be bilateral or multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis, when the currency is unstable and devalued by hyperinflation.

Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money). It can be bilateral or multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis, when the currency is unstable and devalued by hyperinflation. Bartering is still common in the present, usually used within the Internet on sites like Craigslist.

Contrary to popular conception, there is no evidence of a society or economy that relied primarily on barter. Instead, non-monetary societies operated largely along the principles of gift economics. When barter did in fact occur, it was usually between either complete strangers or would-be enemies.

While one-to-one bartering is practised between individuals and businesses on an informal basis, organized barter exchanges have developed to conduct third party bartering. The barter exchange operates as a broker and bank and each participating member has an account which is debited when purchases are made, and credited when sales are made. With the removal of one-to-one bartering, concerns over unequal exchanges are reduced.

Modern trade and barter has developed into a sophisticated tool to help businesses increase their efficiencies by monetizing their unused capacities and excess inventories. The worldwide organized barter exchange and trade industry has grown to an $8 billion a year industry and is used by thousands of businesses and individuals. The advent of the Internet and sophisticated relational database software programs has further advanced the barter industry's growth. Organized barter has grown throughout the world to the point now where virtually every country has a formalized barter and trade network of some kind. Complex business models based on the concept of barter are today possible since the advent of Web 2.0 technologies.

Bartering benefits companies and countries that see a mutual benefit in exchanging goods and services rather than cash, and it also enables those who are lacking hard currency to obtain goods and services. To make up for a lack of hard currency, Thailand's township, Amphoe Kut Chum, once issued its own local scrip called Bia Kut Chum: Bia is Thai for cowry shell, was once 1/6400 Baht, and is still current in metaphorical expressions. Running afoul of national currency laws, the community changed to barter coupons called Boon Kut Chum that bear a fixed value in baht, which they swap for goods and services within the community.

...what are you going to barter?