1. Market Research
  2. > Travel and Tourism
  3. > Tourism Market Trends

Travel and Tourism in Argentina to 2019

  • May 2015
  • 130 pages
  • GlobalData
Report ID: 2919891

Summary

Table of Contents

Search Inside

Summary

Travel and Tourism in Argentina to 2019 provides detailed information on the Argentine tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, tourist expenditure, airlines, hotels, car rental, and travel intermediaries industries.

The report brings together Canadean's research, modeling, and analysis expertise in order to develop uniquely detailed market data. This allows domestic and foreign companies to identify the market dynamics and discover which segments will see growth in the coming years.

Key Findings

- Even though the economic condition in Argentina is undergoing financial crisis, the tourism industry performed well during the historic period (2010-2014), with the exception of 2013, due to high inflation which stood at 28%. The inbound and domestic tourism volume rebounded in 2014 with the government's initiatives to improve tourism balance in the country
- In January 2014, the Argentine peso devalued by 20% to its lowest value since 2001 when Argentina defaulted on its foreign debt. The cost of goods and services fell to as low as 50% of the original cost while in the neighboring countries, such as Brazil and Chile, the currency continued to strengthen. The devaluation of the Argentine peso led to a rise in inbound tourism as foreign visitors to the country obtained low cost deals on travel fares and hotels
- To control the outflow of foreign currency through the tourism sector and maintain the dollar reserves of the Central Bank, the Argentine government imposed exchange controls. For example, in December 2013, the government increased taxes on debit and credit card purchases abroad for “tourism and traveling purposes” (including flight and tour packages) from 20% to 35% to deter the outflow of currency from Argentina. Furthermore, a 35% surcharge was introduced on dollars purchased directly through Federal Administration of Public Revenue (AFIP) for traveling purposes. The government has been imposing strict exchange controls since 2011 to maintain foreign currency reserves in order to repay the debt
- The Argentine government protects the flag carrier with policies that restrict entry for new companies, including LCCs. Brazil's Gol is the only LCC operating in Argentina as of December 2014. LCCs had a penetration rate (% of total seats sold) of only 3.6% as of 2014, which is very low compared to LCCs' penetration rate in neighboring countries such as Brazil, which had 47%. Due to the policies that favored government-owned carriers, entry for new LCCs is closed in Argentina

Synopsis

- The report provides detailed market analysis, information, and insights, including:
- Historic and forecast tourist volumes covering the entire Argentine Travel andTourism sector
- Detailed analysis of tourist spending patterns in Argentina for various categories in the Travel andTourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries, and others
- Detailed market classification across each category, with analysis using similar metrics
- Detailed analysis of the airline, hotel, car rental, and travel intermediaries industries

Reasons To Buy

- Make strategic business decisions using historic and forecast market data related to Argentina's Travel and Tourism sector
- Understand the demand-side dynamics within the Argentine Travel and Tourism sector, along with key market trends and growth opportunities

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Tourism Demand and Flow in Ukraine, 2011 - 2020: Domestic and International Trips Analytics

  • $ 750
  • Industry report
  • October 2016
  • by GlobalData

Summary Tourism Demand (Factors that influence time and money spent on tourism. Typical factors include the number of holiday days available to an employee in their country and mean household income) and ...

Maldives Hotels Market Analytics to 2020: Rooms and Revenue Analytics

  • $ 750
  • Industry report
  • October 2016
  • by GlobalData

Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to ...

Tanzania Hotels Market Analytics to 2020: Rooms and Revenue Analytics

  • $ 750
  • Industry report
  • October 2016
  • by GlobalData

Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to ...


Download Unlimited Documents from Trusted Public Sources

The future of the Tourism Industry in Australia

  • March 2017
    5 pages
  • Tourism  

  • Australia  

    China  

    Asia  

View report >

Travel Intermediary Markets in Romania

  • February 2017
    14 pages
  • Travel Intermed...  

    Wellness Touris...  

  • Romania  

View report >

Tourism Statistics in Azerbaijan and Asia

  • February 2017
    120 pages
  • Tourism  

    Travel Intermed...  

    Travel  

  • Azerbaijan  

    Asia  

    Japan  

View report >

Related Market Segments :

Travel Intermediary
Hotel
Car Rental
Airline

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.