Tourism and Lifestyle

Source Market Insights; Argentina

  • CAN222880
  • 19 Pages
  • May 2015
  • Tourism and Lifestyle
Summary
Source Market Insights: Argentina provides an overview of the Argentine outbound market, analyzing market data and providing insights. This report provides a better understanding of the number of Argentine tourists going abroad, their spending habits, and the main destination markets

Key Findings
- International departures from Argentina have gone through a turbulent period in the last five years. In 2011, the economy grew by 8.6%, reflected in the number of international departures, which increased by 26%. However, outbound tourism received a major setback after President Cristina Fernandez's re-election in October 2011 as she tightened exchange controls

- After registering impressive growth in 2010, 2011, and 2012, outbound expenditure declined over the last two years. The decrease was caused by the introduction of a new tax system for purchasing abroad, which made going abroad increasingly more expensive

- Brazil is the largest destination market for Argentines, accounting for 23.7% of the total outbound trips in 2014. Due to Argentina's high inflation rate, Argentines increasingly prefer to convert their money into dollars and Uruguay has emerged as a popular destination for this purpose

Synopsis
- The report provides detailed market analysis, information, and insights, including:

- Historic and forecast tourist volumes covering the entire Argentine outbound tourism sector

- Detailed analysis of the mode of transport preferred for outbound trips

- Detailed analysis of the market trends in the Argentine outbound tourism sector

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the Argentine outbound tourism sector
- Understand the key market trends and growth opportunities in the Argentine outbound tourism sector, along with key trends and growth opportunities
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