Argentina: study shows that the tourism sector is facing an accumulated deficit of almost USD 30 billion
24-02-24
This situation, although partially mitigated by the influx of foreign tourists this summer, marks 13 years of negative balances in the relationship between income and foreign currency outflows. A recent analysis, based on official and private sources, indicates that the tourist movement during the two-month period December-January decreased by 13% compared to the previous year, reaching the lowest level in the last eight years, except for the summer of 2021 affected by the pandemic.
The study by Marcos Cohen Arazi and Bautista Martina Baldi, researchers at the Ieral of the Fundación Mediterránea, highlights that, despite the overall decline, the participation of international tourism has helped to soften the fall. During the November-December-January quarter, the percentage of foreigners staying in hotels averaged 38%, up from 32% in the same period last year. In addition, employment in the tourism sector still remains 9% above pre-pandemic levels, especially standing out in provinces and localities with strong tourist links, although they warn about a possible entry into a risk zone.