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Argentina recession leaves once-bustling Buenos Aires restaurants hustling for customers

Same out here in the sticks. Despite all the financial doom and gloom I keep hearing about. New cafes, bars, restaurants and all sorts of shops just keep on opening up. There must have a hell of a lot of spare cash knocking about.
Interesting to hear that growth in coffee shops and restaurants is like that further outside of the city. I remember reading you live outside of CABA. Are the coffee shops and restaurants replacing other places that went out of business or are they totally new? Are they all full?

There is definitely a lot of people with $ here. Lots of poor too but no way they can keep opening up all of these places and having them busy without a lot of money behind the scenes.
 
Same out here in the sticks. Despite all the financial doom and gloom I keep hearing about. New cafes, bars, restaurants and all sorts of shops just keep on opening up. There must have a hell of a lot of spare cash knocking about.
Plenty of locals that might complain about recession but I still see coffee shops full in Olivos. Plenty of them including many new ones and everyone seems to be spending freely. Of course, this is a more affluent area but they seem to be doing ok. I'm not sure how things compare or if business is slower.
 
Interesting to hear that growth in coffee shops and restaurants is like that further outside of the city. I remember reading you live outside of CABA. Are the coffee shops and restaurants replacing other places that went out of business or are they totally new? Are they all full?

There is definitely a lot of people with $ here. Lots of poor too but no way they can keep opening up all of these places and having them busy without a lot of money behind the scenes.

The number of new outlets far outweighs the closures. To be honest most of those that closed sold an inferior product so their time was up anyway.
It's a similar situation with the property market here. Older properties are getting knocked down and being replaced by plush new ones. It's boom time here for sure.
 
The number of new outlets far outweighs the closures. To be honest most of those that closed sold an inferior product so their time was up anyway.
It's a similar situation with the property market here. Older properties are getting knocked down and being replaced by plush new ones. It's boom time here for sure.
That is what I notice also. Before you could maybe get away with having a mediocre product but there is more and more competition now. People utilize reviews online so if you have a poor product you will quickly sink. A friend owns a restaurant and she said now many places have to hire influencers and social media marketers. It is more competitive now.

Restaurants and cafes are much better than before. The quality of coffee has really improved in Argentina over the past several years.

Seems like anything old is getting replaced by something new and shiny.
 
That is what I notice also. Before you could maybe get away with having a mediocre product but there is more and more competition now. People utilize reviews online so if you have a poor product you will quickly sink. A friend owns a restaurant and she said now many places have to hire influencers and social media marketers. It is more competitive now.

Restaurants and cafes are much better than before. The quality of coffee has really improved in Argentina over the past several years.

Seems like anything old is getting replaced by something new and shiny.
Agree many new places over the years. Not sure this new era of hiring social influencers and hacking reviews are all positive. I have been to a few places that were mediocre and I have a feeling the reviews are all just manufactured.
 
I would go there instead:
This was one of my favorite episodes! Love that show. You are right. I don't like when you have to wait in an even longer line from people cutting ahead. Haven't been to Don Julio in a while and probably won't unless I can walk in like I used to be able to do. Progress if their online reservations are down from 1 month to a few days now. That is probably very telling how much slower things are.
 
I figured it was a sign things were slowing down when I saw that Don Julio now has a 20% discount for Club La Nación members.View attachment 7511
You beat me to it @Darksider415! My girlfriend just showed me that. I already knew it was slowing down because I live near there and the lines aren't bad now except on the weekends and I've never seen it where you could book within a few days. But once I saw the 20% off in the Club La Nacion it definitely shows how much things have slowed down. Reservations will probably pick up again with this promotion. Gonna get me some carne!
 
I figured it was a sign things were slowing down when I saw that Don Julio now has a 20% discount for Club La Nación members.View attachment 7511
Thank you for posting this. Definitely is a sign things are slowing down. The past few times I have been there or walked by it was mainly tourists lined up. Tourism must be suffering too. A friend of mine said she got a business class award ticket on American Airlines from JFK to EZE for only 50k points which is a fraction what it usually is she said. Hopefully airline prices will come down to attract more tourism.
 
Thank you for posting this. Definitely is a sign things are slowing down. The past few times I have been there or walked by it was mainly tourists lined up. Tourism must be suffering too. A friend of mine said she got a business class award ticket on American Airlines from JFK to EZE for only 50k points which is a fraction what it usually is she said. Hopefully airline prices will come down to attract more tourism.
Admittedly I'm very biased, but I'd be very okay with having fewer gringos and digital brokemads in exchange for reasonably-priced business class tickets between here and Miami.
 
Admittedly I'm very biased, but I'd be very okay with having fewer gringos and digital brokemads in exchange for reasonably-priced business class tickets between here and Miami.
Agree! I haven't looked in a while. Last year there were no reasonable priced award miles flights. It sounds like things have changed. I will have to see what they have but I doubt they will have any great deals to/from Miami as that is a city many Argentines fly to and from all the time. But the prices have come down. I just saw American Airlines has flights from Miami for around $830 round trip for November.
 
All these restaurants are suffering. Talk to some restaurant owners. Shocking what some of them are paying in water and utility bills. And they can't raise the prices during this recession. What do you think will happen to all these businesses?

This pizza shop went from selling 4,000 pizzas per month to 900.

Don't argue that things haven't slowed down for restaurants. But how much water does a pizzeria use? 1 million water bill? That is very shocking. Crazy amount of water to use to get a bill like that. You never know what the true story is. My guess is that 1 million peso bill includes several months that he is behind. I doubt it's from one cycle. They never mentioned the name of the place plus it's on CN5 which you never know what is true or not. Still, won't argue that things are much slower now. I heard that from many people.
 
Don't argue that things haven't slowed down for restaurants. But how much water does a pizzeria use? 1 million water bill? That is very shocking. Crazy amount of water to use to get a bill like that. You never know what the true story is. My guess is that 1 million peso bill includes several months that he is behind. I doubt it's from one cycle. They never mentioned the name of the place plus it's on CN5 which you never know what is true or not. Still, won't argue that things are much slower now. I heard that from many people.
Actually @Betsy Ross it does look like that is one cycle. Look carefully at the video and they show the entire bill at the beginning of the video. I zoomed in and it was 1,027,617 pesos for one cycle. But even more shocking is look how far behind he is! He is over 6 million pesos behind on his water bill. I've never paid my water bill late but they might charge huge penalties and interest for not paying on time.

Plus I assume if he is so behind on his water bill he is probably late on all his other bills too. Sounds like this place is not far from going under soon.

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