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Travel and Tourism in Argentina to 2018

Argentina tourism market reported an increase of outbound tourists totalling 10.35% CAGR during 2009 to 2013


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2014-08-21 00:19:02 - Travel and Tourism in Argentina to 2018 - a new market research report on companiesandmarkets.com

The Argentine travel and tourism sector is undergoing a tourism imbalance due to fewer inbound arrivals and more international departures. While outbound tourists increased at a compound annual growth rate (CAGR) of 10.35% during the review period (2009–2013), inbound tourists increased at a slower CAGR of 6.16%. Outbound tourists are increasingly using credit cards to make purchases in foreign currencies with the aim of buying goods at cheaper rates; this has had a negative impact on the economy and consumer confidence.

The Argentinean government has been making efforts to promote domestic tourism. The Ministry of Tourism launched a promotional campaign in the 2013 summer season to increase domestic tourism at seaside cities along the Atlantic coast. The campaign compares food and

 

 

rent prices in Argentine resorts to similar options in Uruguay, Brazil and Chile.

By the end of March 2014, Aerolíneas Argentinas is planning to increase the flight frequency on its Buenos Aires to Barcelona route from five times a week to six, and its Buenos Aires to Rome route from four times a week to six. This is expected to increase to daily flights from July 2014. Aerolíneas Argentinas is also planning to introduce a daily flight from Buenos Aires to Santa Cruz de la Sierra from April 2014. In October 2013, Aerolíneas Argentinas ordered 20 next-generation 737-800 Boeing aircraft, valued at US$1.8 billion for the expansion of these routes. Additionally, Conviasa plans to introduce a Porlamar to Buenos Aires international route in the first quarter of 2014.

Amérian, a leading hotel chain, is constructing five hotels in the country and plans to have a portfolio of 21 properties by 2015. In addition to its existing 20 hotels, Fën Hoteles is planning to open 10 new properties in the country by 2014. P Hotels acquired Arelauquen Golf & Country Club in April 2013 and transformed the lodge into a luxury hotel, which opened in November 2013.

In December 2012, Chile introduced a system for the entry and exit of tourists from Argentina with the temporary admission of rental cars. The validity of these car rentals in both countries encourages and promotes binational tourism and has led to an increase in the number of tourists renting vehicles.

Travel intermediaries assist tourists when making trips, such as tours of the town of Las Flores in Buenos Aires Province, which is the birthplace of Pope Francis. Other important destinations include churches and other cities where masses were conducted, particularly Catedral Metropolitana.

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