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 …

Buenos Aires-Colonia Bridge Could Move Forward With Chinese Loans

Patrick Archer buenos aires events, foreign investment, tourism, uruguay

Hundreds of Argentine and Chinese executives and trade representatives met this month during the Argentina-China Business Forum 2014 which coincided with the visit of Chinese president Xi Jinping. The delegation of 180 Chinese businessmen arrived this month with Peking’s authorization to invest US$1 billion in Argentina, and a total of 28 bilateral agreements were signed worth US$1.5 billion, according to …

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 …

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 …

New Buenos Aires Expo & Convention Center “Rising” Below Recoleta

Patrick Archer ba government, buenos aires events, competitiveness, lifestyle, real estate, tourism, visionaries

The new Buenos Aires Convention & Expo Center¬†(CEC) is under construction in Recoleta and promises to be another transformative project in terms of creating green space, enhancing quality of life and attracting large-scale expo tourism year-round. The City of Buenos Aires is spending $336 million pesos (US$41.3 million) on the 22,000 square meter (234,000 square foot) project which is currently …