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Articles tagged “argentina”

Recession-Wracked Argentina Faces Tourism Hit on Top of Existing Weakness

Recession-Wracked Argentina Faces Tourism Hit on Top of Existing Weakness

Eliana Raszewski, Maximilian Heath, and Cassandra Garrison, Reuters

Spare a thought for Argentina, whose woeful state finances make it ill-prepared to help the country's hotels, wineries, and famous cultural attractions during the tourism plunge and coming quarantine.

3 weeks ago

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

Sean O'Neill, Skift

Coronavirus has caused turmoil in the global financial markets, which has devalued several key currencies and made foreign trips costlier. But devaluation may also make potential acquisition targets cheaper for Despegar, the region's largest online travel agency.

1 month ago

Argentina Considers Reinstating a Tourist Surcharge on Transactions to Help Economy

Argentina Considers Reinstating a Tourist Surcharge on Transactions to Help Economy

Oscar Medina, Bloomberg

A 20 percent tax on foreign transactions may be one way to boost international reserves, but it's questionable as a strategy to attract tourists.

4 months ago

Argentina’s Low-Cost Airline Boom Under Threat From President-Elect

Argentina’s Low-Cost Airline Boom Under Threat From President-Elect

Carolina Millan, Jorgelina do Rosario and Fabiola Moura, Bloomberg

As we've seen elsewhere across the globe, policies that artificially prop up an incumbent flag carrier don't always work out well for consumers.

5 months ago

Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America

Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America

Sean O'Neill, Skift

The Argentine economic crisis continues to drag on Despegar, but the online travel agency's continuous investment in mobile is setting it up for long-term growth across the continent.

1 year ago

Argentina’s Currency Crisis Creates Affordable Luxury for Visitors

Argentina’s Currency Crisis Creates Affordable Luxury for Visitors

Patrick Gillespie, Bloomberg

Argentina's currency crisis might be good news for international bargain-seeking visitors, but Argentine citizens are seeing their own trips grow too expensive.

1 year ago

Cheaper Flights Come to Argentina Even as the Economy Continues to Struggle

Cheaper Flights Come to Argentina Even as the Economy Continues to Struggle

Kristin Majcher, Skift

Argentina’s tough economic situation has been characterized by devalued currency and rising consumer prices. But at the same time, other factors have led to the introduction of cheaper airfares and more players in the airline market. That's good for travelers.

2 years ago

MakeMyTrip and Despegar Make Localization a Key Competitive Advantage

MakeMyTrip and Despegar Make Localization a Key Competitive Advantage

Seth Borko, Skift Research

Does Expedia or Booking have the energy to launch their booking apps in four local Indian dialects? Maybe not, but MakeMyTrip does, and that local effort matters.

2 years ago

Norwegian Air Is Jumping Into Argentina’s Economic Fray With $18 Plane Tickets

Norwegian Air Is Jumping Into Argentina’s Economic Fray With $18 Plane Tickets

Carolina Millan and Jorgelina do Rosario, Bloomberg

Norwegian Air is betting that its low-cost model can thrive amid Argentina's economic challenges. Will the long-term vision be enough to carry it through any short-term turbulence?

2 years ago

Argentina’s Flyers Pounce on Fares as Low as $7 as Government Loosens Regulations

Argentina’s Flyers Pounce on Fares as Low as $7 as Government Loosens Regulations

Patrick Gillespie, Bloomberg

Deregulation is fun, right? We'll have to see how the market evolves in Argentina. Maybe someday consumers will miss some aspects of regulation. But for now, people seem happy with $7 fares.

2 years ago

Argentina Will Let Airlines Slash Domestic Fares

Argentina Will Let Airlines Slash Domestic Fares

Patrick Gillespie, Bloomberg

Flyers in the United States and Europe might be surprised to learn some countries still artificially prop up airfares. It seems anachronistic, but the Argentina market is still controlled by the government. The good news? Argentina will let the nation's airlines charge as little as they want soon for some fares. Let's hope more restrictions disappear.

2 years ago

How These Currency Fluctuations Will Boost Tourism This Summer

How These Currency Fluctuations Will Boost Tourism This Summer

Ben Bartenstein, Bloomberg

It's the upside to currency fluctuations. While the local economies suffer, for the most part, when the value of the currency drops, it does make those locations more attractive to foreign travelers because of exchange rates. Here's hoping for a robust summer vacation season.

2 years ago