Over 350 Buenos Aires Restaurants Closed In The Past Year

Patrick Archer buenos aires events, competitiveness, franchises, lifestyle, real estate, tourism

Owning and operating a restaurant in Buenos Aires is no longer an attractive business model for the hundreds of Capital Federal restaurateurs who closed their doors for good in the past twelve months. The Middle Class Slashes Spending and Restaurant Closings Multiply is the headline of Alfredo Sainz’s detailed analysis in La Nacion which paints a culinary cautionary tale for aspiring …

Q: Who Wants To Sell A Buenos Aires Property For Pesos? A: Nadie.

Patrick Archer buenos aires events, foreign investment, lifestyle, real estate

The two-year plus attempt to convince Buenos Aires real estate buyers and sellers to broker deals in pesos was an epic fail judging by the number of Capital Federal properties listed today in pesos versus dollars. The Pesofication Of the Real Estate Market Failed is the headline of Alfredo Sainz’ analysis in La Nacion which traces the origin of the 100% …

Buenos Aires Ranks #3 For Visitor Spending In Latin America

Patrick Archer buenos aires events, competitiveness, foreign investment, global rankings, hotels & casinos, lifestyle, tourism, uruguay

International visitors in the City of Buenos Aires spend US$2.2 billion annually according to a new analysis of international arrivals and visitors spending in the world’s 132 most important destination cities. The new edition of the MasterCard Global Destination Cities Index estimates Buenos Aires will welcome 2.1 million international arrivals this year who will spend a total of US$2.2 billion …

Uruguay Wineries Betting Tannat, Quality Will Open Export Markets

Patrick Archer agribusiness, creative class, foreign investment, lifestyle, real estate, uruguay, visionaries

Uruguay wine exports have surged over 500% since 2011, but many producers believe a new focus is needed to raise awareness and win more converts abroad. Uruguay Wines Look For Quality To Open The World’s Door is the headline of Mayte de Leon’s well-researched analysis in El Observador which documents how many Uruguay bodegas are producing more premium wines. In …

Another Luxury Hotel Coming To Montevideo’s Punta Carretas

Patrick Archer foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay

A new luxury hotel will soon open in Punta Carretas, the most expensive neighborhood per square meter in Montevideo and no stranger to new hotel construction in recent years. The Oliva Luxury will be a 30-key, five-star boutique hotel with guest amenities including a restaurant, spa, fitness center, conference room, coffee shop and cigar lounge, according to El Pais. The …