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Argentina’s August Data Show Tourism Deficit Persists as Outbound Travel Surges

A cheap official dollar makes foreign travel attractive for Argentines, according to analysts.

Overview

  • INDEC reported 1,361,200 resident departures in August, up 55.6% year over year, including 798,400 tourists and 562,800 excursionists.
  • Non-resident arrivals totaled 664,500, with 397,500 tourists, a decrease of about 5% from a year earlier.
  • The month produced a negative balance of 696,700 visitors across all entry routes.
  • Outbound travel spending reached US$618.9 million, with average daily outlays of US$95.2 per person and US$109.2 for trips to the United States and Canada.
  • Brazil was the most chosen destination for Argentines with departures up 101.6% year over year, while arrivals from Brazil to Argentina declined.