In the first two months of the year, income from tourism settled in the Free Exchange Market multiplied by 3 in the year-on-year comparison, while expenditures were cut by 23%. However, Chilean and Brazilian tourists lost purchasing power in Argentina.
According to a study by the Mediterranean Foundationtourists Chileans lost 42% of purchasing capacity, while Brazilians 38% from December to the present.
This change is expected to occurimpact the flow of international tourism of those countries in the coming months.
In the summer months, they stood out, inbound tourism had strong growth and in February it was 4% above pre-pandemic levels, while the emission was 12% below.
He negative balance of the tourism balance shows a cut in the last time.
This can be reflected in the data released by the Indec which accounts for an increase in incoming tourism in February of 16.7% year-on-year and a drop of emissive 9.1%. However, the latter still represents 59.5% of the total number of tourists, compared to the 40.5% of the receptive population.
More Argentines abroad?
In the same sense it is reflected by the central bank in their report on the Evolution of the Foreign Exchange Market and Exchange Balance, in which they reflected that the Gross income from trips and tickets totaled US$230 million in March, 44% more than in the same month of the previous year. In the opposite sense, the Expenditures for this article were US$259 million.
The income accumulated gross between January and March for trips and tickets register an interannual increase of 60%, while the expenses They contracted by 23%.
From December to the present, Mediterrnea analyzed that the The purchasing power of tourist services and goods abroad by Argentine salaried tourists increased by 57% measured in blue dollars and by 20% in “tourist” dollars..
However, they emphasize that this will not translate into an increase in tourism due to the consequences of the adjustment applied by the Government, although they consider that in the medium term there may be a recovery.
