In July, spending by Argentineans abroad reaches their lowest level in four years



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29/07/2018

Until last year, the arrival of the winter season meant, for some Argentines, the possibility of crossing the border and of change the climate.

Brazil, Mexico, Miami and even Europe were some of the usual destinations for those who decided to travel abroad.

But, logically, the sharp devaluation – which has exceeded 50% since the beginning of the year – has upset the landscape

. from the Central Bank, the data for the month of July confirm that the companies dedicated to emissive tourism operate at a level 30% lower than the records of 2017.

Indeed: expenses with currency card Foreign currencies – which account for about 70% of the dollars flowing through the "travel and tourism" balance – close this month at an average level of 365 million US dollars.

What does this imply? First, not only is the record the lowest since the beginning of the year, but it is also the worst data for the month of July since 2014.

Translating this trend into evolution Deficit Economists plan an improvement for the government.

If the 30% drop in emissive tourism in July is confirmed The arrival of foreign visitors to the country continues to grow at a good pace, so that the first seven months would end with a figure of 6, 1 billion US dollars, according to an Iprofessional report.

19659003] The Department of Production ensures that investment, exports and domestic tourism will be the growth axes for 2019, primarily through a higher dollar.

"The rise in the exchange rate has improved the outlook for the sector, which has grown: it generated more than $ 1.9 billion in the first quarter, and this dynamism will continue," they said in the report. Dante Sica's portfolio

For the moment, the high dollar favors the arrival of Brazilian visitors, that during the winter holidays last year had favored the ski resorts in Chile , mainly because of the exchange rate.

In Bariloche, according to the data of the Ministry of Tourism of this city, they will arrive more than 40.000 the visitors of the neighboring country, which would show an increase which, as floor, would be of The same is true in the tourist centers of Mendoza, in the Iguazu Falls and even in the north of Argentina.

Andrés Zavattieri, director of Mendoza Plaza Shopping, l & 39; one of the most important shopping centers in the province, ad Clarified: We have noticed a greater number of Chilean buyers, as well as Brazilians. "

" What's interesting is that in addition to spending more on gastronomy, a logically important element for tourism, they are also starting to buy more national clothing. "He said, stating that" Made in Argentina "has become more attractive to foreigners.



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