Travel in Argentina

Exchange rates continue to shape the development of travel in 2019

All categories of travel recorded strong growth in Argentina in 2019 as the industry continued to adapt and drive changes in its offering to consumers. Travel has always been greatly influenced by legislative restrictions in the country, specifically around the currency and exchange rates, as well as the actual value of the peso.

Change is the keyword in travel in Argentina

Domestic and outbound tourism benefited from the significant efforts by airlines to decentralise flights away from the hub in Buenos Aries towards many smaller airports in the regions, with direct flights avoiding the capital between these venues.

Technology helps travellers find better prices

New trends related to technological innovation and the search for better prices have also reached the world of tourism. The Argentinian tourist, increasingly accustomed to the use of technology, is more eager to look for information on the web, both to compare prices between different options and to purchase their tourism packages.

New business models energise travel in Argentina

New business models were evident across travel in Argentina in 2019, helping to modernise the whole industry. Low cost carriers continued to flock to the country with their business model of low basic prices, with add ons charged extra, although there are signs this model may struggle if interest rates remain high due to the high leasing costs this, and the weak local currency, entail.

Lower disposable incomes for travel, as consumers grapple with higher prices due to the strong US dollar

Travel has always been highly dependent on the exchange rates between the peso and the US dollar in Argentina, and this is unlikely to change over the forecast period. This often has a significant effect on the costs of airline tickets and hotels, which are related to the peso/US dollar exchange rate, both within the country and also on the costs facing those travelling abroad.

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