Connectivity continues to be the central axis in the potential recovery of Argentina’s tourist activity: currently, the cabotage is only 50% of the level that it had pre-ndemic, while the international is just beginning to recover. ¨It takes a long time to consolidate an international route. The less supply there is, the higher the rates. As connectivity and competitiveness begin to recover, rates will once again be attractive for the international market, ”Amengual describes.
¨ 51% of Argentine tourism spending is made by Argentines and has largely recovered, although the reactivation of business and meeting tourism is still missing, fundamental for the capitals of the country’s provinces. On the other hand, the conditions are in place for 49% of the remaining tourist spending, generated by foreigners, to begin to recover. Until that happens, the permanence of state assistance will be key to sustaining the tourism industry ”, summarizes the entity’s manager.
According to an IERAL study, In 2019, non-resident travelers represented 22% of total travelers in Argentina. However, they generated almost half (49%) of the total tourism spending in the country. This spending is uneven between different regions of the country.
The province that most depends on the arrival of international tourists is Santa Cruz, taking into account that in 2019 58% of all travelers were non-resident travelers. It is followed in importance of international travelers by the Autonomous City of Buenos Aires (non-resident tourists had a participation of 51% in 2019), Tierra del Fuego (48%), Mendoza (39%) and Misiones (39%).
¨Inbound tourism by all routes in January-July worked at 1.8% of pre-pandemic levels. We hope that in the coming months that percentage will begin to recover since foreign exchange is fundamental for the government and that the expenditure generated by international tourism is key to the recovery of the sector hardest hit by the pandemic ¨, explains Amengual.
The most optimistic scenario of the UNWTO is to recover 50% of the commercial air traffic of the 2019 levels. This average has a very large standard deviation since there are countries like ours that are beginning their recovery and others that have already recovered almost 80% of the prepandemic levels.