Home

Tourists Take Advantage Of Argentina’s Economic Crisis

By Sharelle Burt

Share

Tourists are taking advantage of Argentina’s economic downturn.

 

With the country’s currency dropping almost 50 percent against the U.S. dollar this year, travelers are basking in some of Argentina’s luxuries like feasting on world-class steaks at Don Julio, a world-class steakhouse. A T-bone steak, usually a pricey menu choice, now only goes for 975 pesos, which equals $27.

 

The country has also seen a 12 percent jump in foreign tourism. In the past six months, sites like Hopper and Kayak noticed a 56 percent increase in flight searches to Argentina. It makes sense since low-cost airfare is another contributing factor. Government officials got rid of regulations to include routes from Norwegian Airlines, who have flights starting as low as $18 to Argentina. A spokesperson for Airbnb expects to see a 60 percent increase in international guest reservations based on bookings made between August and October.

 

“It’s a ’luxury for less’ scenario for travelers considering Argentina right now,” said Frommer editorial director Pauline Frommer. “Travelers are seeing Argentina as a much less expensive country to visit and they’re not seeing any of the red flags often associated with economic instability.” Experts say the peso decline provides a better experience for tourists without risk. Popular cities like Buenos Aires remain steady unlike spots like Caracas and Rio de Janeiro who have been hit hard by the economic crisis.

 

Not everyone has benefited from the economic decline, like travel agency Despegar. Latin America’s largest online agency had clients switch travel plans from high-end vacation spots like Miami to Argentina. The smaller transactions put a major dent in Despegar’s revenue. Despegar shares dropped 48 percent since March.

 

Many travel sites have noticed the country’s value for tourism. Sites like Lonely Planet named Argentina one of its top “best value” destinations next year. The Wall Street Journal also gave Salta, Argentina a shoutout as the most intriguing place to visit in 2019.


Share
Travel Noire

Sharelle Burt

Want more?

Get exclusive, unpublished tips from Travel Noire's CEO to help you get off the beaten path, into the hearts of locals and onto a better, more cultured life.

Six Underrated Cities To Visit In 2019

Six Underrated Cities To Visit In 2019

One thing was made clear by tourism officials and travel agencies alike this past year: people are traveling more than ever before. More people traveling is good news for local economies but it also means popular destinations are becoming overcrowded. The spike in tourism in some places have resulted in local officials to either restrict […]

Mitti Hicks

Norwegian Air Will Make Flying To Argentina Cheaper In 2018

Norwegian Air Will Make Flying To Argentina Cheaper In 2018

As far as South American countries go, Argentina ranks up there with Brazil when it comes to destinations that are difficult and expensive to visit. While Brazil’s new E-Visa will soon make getting to Brazil much easier for American travelers, low-cost international airline Norwegian Air will soon offer more than 153 to and within Argentina […]

Travel Noire

The Allure Of Argentina

The Allure Of Argentina

South American culture is extremely rich and fascinating. During my travels in Argentina, I noticed that there weren’t very many Afro-Argentines, upholding the stereotype that Argentina is the “whitest county in South America.” Depending on who you ask, Afro-Argentines either died fighting the 1865 war against Paraguay, while the remaining fled to Brazil or that President Domingo […]

Travel Noire