Uruguayan tourism experts predict a 16% increase in spending from foreign tourists this Summer, largely driven by Argentine visitors due to the peso’s recovery. An influx of travelers from Argentina, confirmed by recent booking trends, contrasts with declining numbers from Brazil. Improved economic conditions and tax incentives further enhance Uruguay’s attractiveness as a vacation destination, signaling a potential turnaround in the tourism sector.
Uruguayan tourism experts are optimistic that Argentine tourists will significantly contribute to the Summer season’s success, anticipating a 16% increase in spending from foreign visitors. The bolstering of the Argentine peso against the US dollar, influenced by the libertarian policies of President Javier Milei, has led to a rise in Argentine travelers to Uruguay, contrasting with the decline in Brazilian tourism following the devaluation of the Brazilian real. This emergence of Argentine visitors is expected to rejuvenate the tourism sector, which is recovering from previous downturns due to Brazil’s economic challenges.
In the lead-up to the high season, the San Martin International Bridge in Fray Bentos experienced heavy traffic as many Argentines crossed into Uruguay, seeking vacation opportunities. During the Christmas period, the border saw an influx of approximately 40,000 Argentine citizens and 9,000 Brazilians, resulting in significant congestion. Uruguay has become increasingly appealing to travelers, as rental prices along the Argentinian coast have surged, making accommodations in Uruguay more attractive.
Economic conditions in Argentina have also caused a decline in Uruguayan consumer purchases in Argentina, consequently drawing more international vacationers to Uruguay. Furthermore, favorable tax policies have been implemented, such as a 100% VAT exemption on food services and car rentals for Argentine tourists, enhancing accessibility and affordability.
Additionally, Argentinians’ travel expenses overseas were reduced following President Milei’s repeal of the 30% PAIS tax on foreign credit card transactions, particularly improving travel options to prime tourist spots like Punta del Este. The Uruguayan Real Estate Chamber’s projections anticipate a total of 400,000 more tourists than last year, heralding significant growth in tourism-related expenditures during this upcoming season.
The current economic landscape in South America has led to notable shifts in tourism patterns. Uruguay has seen a resurgence in interest from Argentine travelers as the weight of the Argentine peso has improved, prompting more citizens to vacation domestically instead of traveling to Argentina’s coast. Meanwhile, Brazil has encountered economic instability, discouraging its citizens from visiting Uruguay. This dual trend serves as a backdrop for Uruguayan tourism analysts’ expectations of increased spending as well as strategic tax benefits implemented for foreign tourists, particularly those from Argentina.
In conclusion, Uruguay is poised for a prosperous Summer season attributed to the anticipated influx of Argentine tourists. With favorable currency conditions and attractive tax policies, coupled with a shift in consumer behavior amidst economic changes, Uruguay stands to benefit considerably from increased tourist spending. The country’s tourism sector looks forward to welcoming a substantial number of visitors, marking a diverse and promising season ahead.
Original Source: en.mercopress.com
