, Hotel Development, Travel on the Rise in Buenos Aires, Hottest World News | Travel Wire News

Hotel Development, Travel on the Rise in Buenos Aires

A favorable exchange rate and a new government incentive are driving travel investment in Buenos Aires. Gonzalo Robredo, president of Travel Buenos Aires, stopped by our New York offices recently to fill us in on the latest. 

“The exchange rate is favorable right now, so travelers from the U.S. can get a better value for their dollar,” Robredo says, noting that the government has also waived the 21 percent VAT (value-added tax) for foreigners. 

The city’s government has also instituted a new law with tax incentives to encourage hotel development, which the government says has the potential to remodel more than 70 hotels and generate 2,000 direct jobs and more than 6,000 indirect jobs. That follows a strong 2018 for the hotel sector, when hotels in Buenos Aires saw a 59.4 percent occupancy rate, the highest in the city since 2011. Just this week, Marriott announced plans to open a new W Hotel in Buenos Aires in 2024 – the first W Hotel in Argentina and the third in South America

DAILY NEWS & DEALS NEWSLETTER

Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

Culturally, the city has also been drawing attention, particularly for its culinary scene.

“Buenos Aires is absorbing the best of Latin American culture,” Robredo says of the mix of cuisine on offer in the city, which includes chefs from Peru, Chile, Colombia and Venezuela. “There’s no other city in the world where you can get the best of Latin American food all in one place.”


GOT NEWS? click here

possible to reach millions worldwide
Google News, Bing News, Yahoo News, 200+ publications


In 2018, the city’s Florería Atlántico was named the best bar in South America (#14 overall), and the city grabbed 10 spots in the 50 Best Restaurants in Latin America list

Robredo also says that there are a number of good spots to grab Jewish – Argentinian food, thanks to the city’s large Jewish community, as well as a variety of new craft breweries and speakeasies. Many of the latter offer cocktails infused with mate – a traditional beverage that is like tea, but stronger. 

Air travel, too, has seen a number of recent developments. This past December American Airlines launched the first nonstop flight from LAX, which runs three times weekly. In October 2017, United Airlines began operating a year-round, daily nonstop service out of Newark

Finally, the city has launched a new BA Planner app for travelers. The new online tool allows travelers to see activities happening around the city in real time and add them to a calendar, which they can then email to themselves. 

Related Stories

W Hotels to Expand to Buenos Aires

Avanti Launches New Wine and Spirits Tours in South America

Stats: Buenos Aires Tourism Up 5% in 2018

Five Must-See Cities on a South America Cruise