Tourism will generate 1.5 million jobs in Argentina in 2024

[Vince]

Wow these statistics are staggering. I always knew tourism was very important for Argentina. It will help it get out of this economic mess. This report says by the end of this year tourism will account for 11% of total jobs in the entire country.

Hopefully this road tour of Milei will not only increase investments from multi-national companies but also get more tourists here.

El turismo generará 1,5 millones de empleos en Argentina para 2024

De acuerdo al Reporte de Impacto Económico del Consejo Mundial de Viajes y Turismo, el sector generará más del 11 % de los trabajos totales en el país.

mensajero.com.ar

 

[Jenn]

Wow! That is great. My friend living there said it seems like tourism is slowing down the past few months. She said restaurants and cafes aren't as busy as before. Not sure if this has to do with prices going up.

 

[Betsy Ross]

I'm not sure about the last few months but January and February all were higher than last year. I think the numbers lag behind a few months. I don't necessarily think you can judge how busy restaurants with how much tourism there is because many of those restaurants are locals and many locals are cutting back now on dining out.

Most of the tourists are from neighboring countries like Brazil, Chile and Uruguay.

Numbers are all up.

El turismo extranjero generó 1.232 millones de dólares en el primer bimestre

Los arribos de enero superaron 23 por ciento a los del mismo período del año pasado mientras que las llegadas de febrero crecieron 10 por ciento interanual.

www.argentina.gob.ar

 

[Larry]

Sorry but tourism numbers are going down now. It's easy to see. Argentina used to be cheap but now it's expensive for them. Milei made it much more expensive for them.

Tras el derrumbe del turismo de compras a Argentina, los uruguayos ya tienen a Chile como nuevo “destino estrella”

En 2023, ocho de cada díez uruguayos que viajaron al extranjero lo hicieron a Argentina alentado por el cambio favorable. Eso se acabó con la llegada de Javier Milei a la presidencia.

www.infobae.com

 

[Larry]

It is not just Buenos Aires but all over Argentina. Bariloche is dead. This recession will hurt bad.

Preocupación por la baja ocupación turística en Bariloche: Estamos vacíos

El presidente de la Cámara de Turismo de Bariloche, Néstor Denoya, advirtió en Cadena 3 que el nivel de ocupación para mayo no superaría el 20%, y pidió no volver a los años 90.

www.cadena3.com

 

[Larry]

Tourism is dying. Down a lot since last year because Argentina is too expensive. Read this on X and it confirms about tourism continue to fall. This will get worse unless the peso comes to a fair value.

https://twitter.com/x/status/1861249725082595697

 

[Cardiac Arrest]

Tourism is dying. Down a lot since last year because Argentina is too expensive. Read this on X and it confirms about tourism continue to fall. This will get worse unless the peso comes to a fair value.

https://twitter.com/x/status/1861249725082595697

With high prices I'm surprised tourism isn't down more than it is. I talked to a restaurant owner in Palermo and he said sales are down 50% from last year.

 

[Digital Nomad]

With high prices I'm surprised tourism isn't down more than it is. I talked to a restaurant owner in Palermo and he said sales are down 50% from last year.

Same. Most are complaining about the double whammy of not many tourists and also locals stop spending because prices are too high. Then they say utility bills have skyrocketed. Some of these places are probably going to go under if something doesn't change.

 

[Vero]

Same. Most are complaining about the double whammy of not many tourists and also locals stop spending because prices are too high. Then they say utility bills have skyrocketed. Some of these places are probably going to go under if something doesn't change.
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Yes all my friends all complaining about how Argentina is over double of what it was last year. My daughter that lives in the States refusing to visit this year saying it is too expensive.

I see many online complaining about the high prices. I worry that if prices go up more it will destroy the tourism industry.

https://twitter.com/x/status/1863230308646027324

 

[Uncle Wong]

Yes all my friends all complaining about how Argentina is over double of what it was last year. My daughter that lives in the States refusing to visit this year saying it is too expensive.

I see many online complaining about the high prices. I worry that if prices go up more it will destroy the tourism industry.

According to my friends on the ground in BA tourism already is suffering. My friends cousin owns a restaurant and she is saying business is down about 40% from earlier this year. Airline tickets aren't cheap but part of the sting was the affordable prices in BA. Now it seems like a lot of places have prices higher than Europe or US. I'm not saying it isn't worth it but the numbers speak for themselves if less tourists are coming.

 

[Vince]

Tourism has slowed down. Not only people coming here but also Argentines heading to other countries, especially Brazil. We will see how bad it will be in January. I see posts on X of many complaining.

This poster tracks the price of each time he gets a meal at EZE and you can see how much it went up in a year.

https://twitter.com/x/status/1864748435288502693

 

[CraigM]

Tourism has slowed down. Not only people coming here but also Argentines heading to other countries, especially Brazil. We will see how bad it will be in January. I see posts on X of many complaining.

This poster tracks the price of each time he gets a meal at EZE and you can see how much it went up in a year.

https://twitter.com/x/status/1864748435288502693

That is eye popping Vince, what would you say the average increase in restaurant prices has been versus a year ago?

 

[TonyTigre]

Tourism has slowed down. Not only people coming here but also Argentines heading to other countries, especially Brazil. We will see how bad it will be in January. I see posts on X of many complaining.

This poster tracks the price of each time he gets a meal at EZE and you can see how much it went up in a year.

https://twitter.com/x/status/1864748435288502693

The claim of 350% increase is false or very misleading at best. That poster was comparing the prices of two different restaurants from two different airports, with the key difference being that one appears to be a full table service restaurant and the other a quick service place. Look carefully at the photos... the plates, cups, utensils, etc...

 

[Wally]

That is eye popping Vince, what would you say the average increase in restaurant prices has been versus a year ago?

I follow that guy on X and he always posts the price of the same meal he has on the way out of EZE.

The claim of 350% increase is false or very misleading at best. That poster was comparing the prices of two different restaurants from two different airports, with the key difference being that one appears to be a full table service restaurant and the other a quick service place. Look carefully at the photos... the plates, cups, utensils, etc...

I don't know if he is getting the exact same meal and the exact same things. That would be important to compare true costs. He would need to compare the same exact meals including drinks and location. I'm not sure of 350% but many places have gone up 200% or more from last year same time.

Just go back in his posts on X and you can probably see what prices he paid. I fly out of EZE once in a while. That place he is referencing is expensive. Prices have skyrocketed up compared to last year. I am not sure about 350% though.

 

[Vince]

That is eye popping Vince, what would you say the average increase in restaurant prices has been versus a year ago?

His claim of 350% isn't true. But @CraigG many places are 200% to 250% higher in pesos than they were last year. Prices were insanely cheap last year. But some places are getting very expensive now. I don't think it makes sense trying to compare them to the States because locals don't make anywhere near the salaries of the States.

Many expenses keep going up. Some things are slowing down but others just keep going up with no slowdown.

The claim of 350% increase is false or very misleading at best. That poster was comparing the prices of two different restaurants from two different airports, with the key difference being that one appears to be a full table service restaurant and the other a quick service place. Look carefully at the photos... the plates, cups, utensils, etc...

@TonyTigre I think maybe you are reading his post wrong. I think Wally is right that. The guy is saying he got the same exact meal at La Cabrera at EZE. It doesn't make sense he would be comparing another restaurant. But it would be more convincing if he had an itemized receipt for the same meal. I do know that last year food prices were unbelievably cheap. I fly out of EZE twice a year and I have been to the restaurant he posted about and it is probably up 250% from last year to this year. The receipt he posted is about what I paid for a steak. I think mine was $32 dollars and this was a few weeks ago. Last year I think I paid $13-$14 dollars for the same steak.

 

[TonyTigre]

@Vince, I was reading the post that you linked and it clearly included the receipts from two very different restaurants in one single post on Dec 4th and claiming it was a 350% increase. His receipts show one with being 19,400 and the other 71,000. Going from 19,400 to 71,00 is a 266% increase, not 350%, just like going from 10 to 20 is not a 200% increase, it's a 100% increase.

As for the example of your meal going from $13.50 (mid point of 13-14) to $32, that is a 137% increase which is relatively inline with inflation rate report by the government. It's a huge difference to say something increased by 250% vs. 137%.

 

[Betsy Ross]

@Vince, I was reading the post that you linked and it clearly included the receipts from two very different restaurants in one single post on Dec 4th and claiming it was a 350% increase. His receipts show one with being 19,400 and the other 71,000. Going from 19,400 to 71,00 is a 266% increase, not 350%, just like going from 10 to 20 is not a 200% increase, it's a 100% increase.

As for the example of your meal going from $13.50 (mid point of 13-14) to $32, that is a 137% increase which is relatively inline with inflation rate report by the government. It's a huge difference to say something increased by 250% vs. 137%.

LOL. I was thinking the same thing @TonyTigre on the math. Not sure what the 350% is referring to. I do think that at many places it's anywhere from 150% to 200% but depends how touristy the place is. The less tourists the less amount of inflation. The more tourists the more inflation. Of course exceptions to the rule. If people are going to compare and throw out number then they should put receipts of the same meal or same menu so fair comparisons can be made.

 

[BuySellBA]

LOL. I was thinking the same thing @TonyTigre on the math. Not sure what the 350% is referring to. I do think that at many places it's anywhere from 150% to 200% but depends how touristy the place is. The less tourists the less amount of inflation. The more tourists the more inflation. Of course exceptions to the rule. If people are going to compare and throw out number then they should put receipts of the same meal or same menu so fair comparisons can be made.

We agree with you @Betsy Ross that it is fair to put an apples-to-apples comparison. We just posted this on X.

https://twitter.com/x/status/1866220309352988840

 

[Vince]

@Vince, I was reading the post that you linked and it clearly included the receipts from two very different restaurants in one single post on Dec 4th and claiming it was a 350% increase. His receipts show one with being 19,400 and the other 71,000. Going from 19,400 to 71,00 is a 266% increase, not 350%, just like going from 10 to 20 is not a 200% increase, it's a 100% increase.

As for the example of your meal going from $13.50 (mid point of 13-14) to $32, that is a 137% increase which is relatively inline with inflation rate report by the government. It's a huge difference to say something increased by 250% vs. 137%.

Yes I was not using 200% for this particular meal that I spent but I do believe the OP was using the same exact meal at the same exact place. Using his numbers that is a 266% increase which is in line with what I mentioned to Craig. I don't keep photos of places I eat but know more or less what I have spent and many places went up 200% to 250%. You may want to ask the OP but it seemed like he was comparing same meals at La Cabrera at EZE. I am not exactly sure on prices I paid but I wouldn't be surprised at that restaurant at EZE if 266% jump in a year is correct.

A few of my friends own restaurants and they are getting squeezed with much higher utility rates, higher insurance, higher wages, higher rents, healthcare insurance costs. A finite limit to how much you can charge for a steak to someone.

 

[earlyretirement]

That is eye popping Vince, what would you say the average increase in restaurant prices has been versus a year ago?

I would say in many places they are about 100% to 150% more. Of course there are exceptions to this and where prices have gone up more than that. But it depends when in 2023 you are referring to. Prices were very cheap last year. I spent June and July 2023 in Buenos Aires and prices were good but the exchange rate was only around 500 pesos to $1 USD at the beginning of the trip then going up to 600 pesos to $1 USD by the end. Then in November the exchange rate was already 1,000 pesos to $1 USD. It was insanely cheap to eat.

I posted about the "Chori Index" (comparing it to Big Mac Index).

Chori - Delicious Choripan Restaurant in Palermo Soho

blood sausage? yep, Morcilla made into choripan is Morcipan i guess - it's too squishy to be in a sandwich. but i like it on its own in a barbecue mix of meats! sounds gross, tastes great (maybe from my scottish DNA or something) 5% a month yeah i read 4-5% monthly recently...

www.expatsba.com

In November 2023 it was only 3100 pesos for a Chori Cerdo Classico and if you look now it's 9,700 pesos for the same thing. About 210% inflation on the same thing. And the USD is about the same as it was in November 2023 now. So that is a big increase. It is important when looking at price comparisons you're looking at the exact same thing.

What I notice in the USA is things are deceptive because at the grocery store and even at restaurants, they are giving much smaller portions. At Costco many items might be the same thing but instead of a 10 count they are now doing 7 count so prices have risen drastically. Or at the same restaurant portion sizes are much smaller.

I try to save receipts once in a while when I dine out so I can compare it and see the true inflation on things. I was with @Johnny and we went to Arambu Bis which is a great spot in Recoleta with great food. We got 2 gourmet burgers, foi gras, 2 bottled waters, 1 Pepsi Light. Grand total? $17 USD. The exchange rate was about the same. I got 1,050 pesos to $1 USD. Food is never getting that cheap ever again in Buenos Aires.

I would guess it's probably 250% higher than these prices I paid in November 2023.