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Hotels and their chains affiliated with domestic and foreign brand names are present across Argentina’s hospitality sector. Buenos Aires, which has been experiencing an increase in visitor arrivals, is home to the majority of the global businesses.
With global market giants increasing their presence in the area, Argentina’s hotel sector is rising steadily. One of the top five industries in terms of national revenue producers is tourism. Every year, a large number of new hotels open their doors to the public.
Due to its more than 300 theaters, which place it fourth in the world for theater activity, the city is also regarded as a cultural hub. The region is now the top choice for international events as a result. The government is providing hotels with a large fiscal credit on turnover tax in light of the city’s growth statistics.
Depending on their effectiveness, the commissioners hope to introduce similar policies in Tier II cities.
The Hotel Industry in Argentina Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
From the team of in-country analysts at Euromonitor International, who are specialists by industry and region, luxury hotels (5-star plus) in Argentina.
Over the next few years, it intends to expand by no less than ten properties and 807 rooms. The 110-room hotel will have the brand’s hallmark services like a complimentary cooked breakfast, a 24-hour business center, and a fitness center, which puts the company far ahead of its competitors.
The most recent data is presented alongside concise summaries of key trends. With the aid of our qualitative analysis, wisdom, and certain growth estimates, you can identify and evaluate competition threats and establish business strategy.
The five-star plus luxury hotels in Argentina include:Key supply-side and demand are analyzed, Detailed separation of products from abroad and locally, shares by company and brand, historical volume and value sizes,
