Boston, MA -- (ReleaseWire) -- 04/14/2014 -- 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, Aerolineas 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. Aerolineas Argentinas is also planning to introduce a daily flight from Buenos Aires to Santa Cruz de la Sierra from April 2014. In October 2013, Aerolineas 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.
View Full Report Details and Table of Contents
Amerian, 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, Fen 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.
This report provides an extensive analysis related to the tourism demands and flows in Argentina:
- It details historical values for the Argentinian tourism sector for 2009-2013, along with forecast figures for 2014-2018
Companies Mentioned in this Report: Aerolineas Argentinas SA, LAN Argentina SA, Gol Linhas Aereas Inteligentes Argentina, Iberia Airlines Argentina, Wyndham Hotels Argentina, Amerian Hoteles, Fen Hoteles SA, NH Hoteles Argentina, Starwood Hotels and Resorts Argentina, Europcar Argentina, Hertz Car Rental Argentina, Avis Car Rental Argentina, Sixt Rent a Car Argentina, Budget Car Rental Argentina, Say Hueque, Oyikil Argentina, Covitour, Kallpa Tour Operator SRL, Dos Manos Argentina
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Consumer Goods research reports at Fast Market Research
You may also be interested in these related reports:
- Travel and Tourism in Egypt to 2018
- Travel and Tourism in Thailand to 2018
- Travel and Tourism in Cyprus to 2018
- Travel and Tourism in Mauritius to 2018
- Travel and Tourism in Romania to 2018
- Travel and Tourism in Costa Rica to 2018
- Travel and Tourism in Peru to 2017
- Travel and Tourism in China to 2017
- Travel and Tourism in Bulgaria to 2017
- Travel and Tourism in Norway to 2017