Argentina’s economic woes benefit tourists
holiday spending money, according to latest findings from ForwardKeys, which predicts future travel patterns by analysing 17 million flight booking transactions a day.
Bookings for March to May are ahead 11.2% compared to last year. For South America as a whole, bookings are ahead 5.8%.
In the preceding year to February, international arrivals in Argentina were up 3.9%, compared to 5.5% for the entire region.
Europe and Latin America are the fastest-growing markets for travel to Argentina. There is also an increasing number of travellers from China (+21.9%) and Israel (+15.9%), among the top ten countries by growth.
Heading the list is Uruguay with bookings ahead 34.3% on last year, for travel between March and May. The UK is showing a strong 33.5% growth for the same period.
Olivier Ponti, VP Insights, ForwardKeys commented: “Travellers are clearly making shrewd exchange rate calculations before deciding where to holiday. As a result, there is a small degree of solace for the people of Argentina that tourism is set to provide an increasing income, in the midst of the country’s financial difficulties.”