Despite a higher dollar, overseas travel increased again in August after 14 months of decline

In turn, the arrival of non-resident tourists to Argentina increased by 6% year on year at 240,900, For what The balance of international tourists in August was negative at 106,800 for the whole international air route.

For the eight months accumulated in the year 2019, 2,031,200 non-resident tourist arrivals were reached (an increase of 17.6% was recorded) and departures totaled 2,800,900 resident tourists (a year-on-year decrease 14.3%)).

In these eight months of 2019, tourism has reached a negative flow of 769,700 passengers, but with a marked to the reduction of departures and to the increase of the number of tourists

"The reduction of the tourism deficit compared to previous years is mainly due to the Argentinian dear dollar", commented Nadin Argañaraz and Bruno Panighel, economists at IARAF.

However, in August, the decline in outflows was curbed, despite the post-STEP exchange rate jump. "It is possible that many Argentines have made trips abroad by anticipating higher exchange rates or the inability to buy currencies in the months to come ", Economists from IARAF have explained.