INDEC shared a survey on foreign tourism in the country. The lack of promotion and the exchange rate lag explain the drop in the number of international visitors.
According to the Hotel Occupancy Surveyspread by the INDECforeign tourism suffered a sharp decline in 2024, reaching a rate of 1.5% 20.7% year-on-year in June. In addition, according to the data, Argentina has accumulated a decrease of 2.5% between January and Junecompared to the same period in 2023.
Various businessmen in the sector pointed out that this decline is mainly due to exchange rate lag that the country faceswhich during the government of Javier Milei was became more expensive in dollarslosing its competitiveness against other destinations. According to the data collected, the Autonomous City of Buenos Aires was the most visited destination during June 2024.
The fall of foreign tourism
The data was collected by the Hotel Occupancy Survey, released by INDEC. The data, which recorded a drop in 2.5% between January and June compared to the same period in 2023 and a year-on-year drop of 20.7%, are worrying the sector. In addition, resident tourism fell by 19% year-on-year.
INDEC TOURISM.webp
INDEC
Hotel entrepreneurs attributed these figures to two major causes. Firstly, the aim was to exchange rate lagsince Argentina, in recent months, became more expensive in dollars and could not compete against other destinations. On the other hand, the situation was also attributed to the lack of promotion of national destinations abroad at international fairs.
In total, during June 2024 They arrived 230,672 tourists from abroadOf that total, the 52.2% stayed in the City of Buenos Aires (CABA)while 27.8% opted for Patagonia. In total, 2,088,952 tourists arrived in the first half of the year, which also showed a decrease of 1.5% compared to the same period in 2023.
Daniel Scioli Secretary of Tourism, Environment and Sports of the Ministry of the Interior of Argentina
Ignacio Petunchi
Finally, the data showed that para-hotel establishments and hotels rated with 1 and 2 stars had the longer average staywith 2.5 nights each. Regarding the regions, the Patagonia led the ranking of stays, with a measurement of 2.8 nights, followed by Buenos Aires with 2.7. The largest number of stays were by travelers from Mercosur, with a total of 51.2%.
Which regions had the most tourists in June?
The survey also collected data regarding each region and/or province of Argentina. In this regard, the Autonomous City of Buenos Aires led the ranking, which was as follows:
- CABA: 128,425
- Patagonia: 48,118
- Coast: 20,336
- North: 12.305
- Cordova: 6211
- Whose: 12,262
- Buenos Aires: 1142
Source: Ambito
