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Learn moreSep 2019
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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.
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.
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 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.
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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Overview:
Discover the latest market trends and uncover sources of future market growth for the Travel industry in Argentina with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Travel industry in Argentina, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Argentina for free:
The Travel in Argentina market research report includes:
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This industry report originates from Passport, our Travel And Tourism market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.