April 15 2019  |  Industry News

Argentina’s economic woes benefit tourists

By Jas Ryat

International travelers are flocking to Argentina, taking advantage of the poorly performing peso to boost the value of their holiday spending money, according to ForwardKeys, which predicts future travel patterns by analyzing 17 million flight booking transactions a day.

Bookings for March to May are ahead 11.2% compared to last year. For South America as a whole, bookings are ahead 5.8%.

In the preceding year to February, international arrivals in Argentina were up 3.9%, compared to 5.5% for the entire region.

Europe and Latin America are the fastest-growing markets for travel to Argentina. There is also an increasing number of travelers from China (+21.9%) and Israel (+15.9%), among the top 10 countries by growth.

Heading the list is Uruguay with bookings ahead 34.3% on last year, for travel between March and May. The UK is showing a strong 33.5% growth for the same period.

Olivier Ponti, Vice President Insights, ForwardKeys, said: “Travelers are clearly making shrewd exchange rate calculations before deciding where to holiday. As a result, there is a small degree of solace for the people of Argentina that tourism is set to provide an increasing income, in the midst of the country’s financial difficulties.”

Brand News

April 17 2019

Furla sails onto Carnival Cruise

Furla has opened a new cruise ship store on board the CCL Liberty in partnership with Carnival Cruises.

By Jas Ryat

April 17 2019

Buckley London celebrates 30 years…

Buckley London is to showcase its Autumn/Winter 2019 collections at the upcoming TFWA Asia Pacific exhibition for the first…

By Mary Jane Pittilla

April 17 2019

Mars seeks to create better moments…

At this year’s TFWA Asia Pacific show, Mars Wrigley Confectionery International Travel Retail will use its stand to demonstrate…

By Hibah Noor

April 17 2019

Asia set to account for half of…

Bottega will showcase its new products for the travel retail sector at the TFWA Asia Pacific exhibition (Stand number: M9)

By Jas Ryat

April 17 2019

New Porsche Design models set to…

Porsche Design, manufactured and distributed under license by Rodenstock, will be returning…

By Mary Jane Pittilla

April 16 2019

New Balblair age-statement travel…

​International Beverage Group unveiled a new travel collection of age-statement single malt Scotch whiskies from its multi-award-winning…

By Hibah Noor

April 15 2019

Beluga vodka rolls out Caviar Jar…

Beluga vodka has revealed details of the brand activations for its playful Caviar Jar concept at selected airports in the…

By Mary Jane Pittilla

April 15 2019

Illva Saronno strengthens travel…

Illva Saronno is returning to the TFWA Asia Pacific Exhibition with a strengthened travel retail team (Stand number: M10)

By Jas Ryat

April 15 2019

Kreol Retail teams up with Rhum…

Kreol Retail FZE has been appointed as a travel retail distributor of Rhum Clément for select Middle East countries

By Hibah Noor

Copyright 2019 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap