The Summer of Strange & Super Luxury In Punta del Este

Patrick Archer arts & entertainment, aruba, hotels & casinos, lifestyle, tourism, uruguay

“Not bad. Not good. Strange.” That’s how Punta del Este hotel and property owners describe Summer 2013 to Ambito’s Leandro Ferreyra. The strange part is the fact that middle class reservations are down 30% due to Argentine currency controls; however, the most luxurious 4 and 5-star hotels and the most exclusive Punta del Este rental properties are all booked solid. …

MIA-MVD: American Airlines To Expand Miami to Montevideo Service

Patrick Archer tourism, uruguay, us companies

North American travelers flying to the Southern Cone will have another daily non-stop option beginning next week. American Airlines is responding to the growing demand for flights between the United States and Uruguay by expanding daily service between Miami and Montevideo to seven days a week. Daily Miami to Montevideo non-stops officially begin as a winter promotion on June 14. …

Colonia Real Estate Soars Thanks To Uruguay Workers & Foreign Visitors

Patrick Archer aruba, foreign investment, real estate, uruguay

Rental rates for homes and apartments in Colonia del Sacramento are reaching record heights, according to a new article from Eduardo Barreneche and Pedro Calvijo of El Pais. The construction of Montes del Plata’s US$2 billion paper mill in the northern Colonia town of Conchillas has prompted an influx of thousands of employees living in Colonia del Sacramento and Carmelo. …

Despite Slowdown Abroad, Record Tourism Arrivals, Spending in Argentina

Patrick Archer foreign investment, lifestyle, tourism, uruguay

More positive tourism data today on both sides of the River Plate validating the growing attraction of Argentina and Uruguay as a safe, affordable refuge despite economic weakness playing out on other continents. Not only are foreign visitors coming in greater numbers, they are staying longer and spending more. Newly released tourism numbers for Argentina reveal over 220,000 international passenger …

Coastal Uruguay Real Estate Sales Exceed US$100 Million a Month

Patrick Archer foreign investment, real estate, uruguay

Coastal real estate in and around Punta del Este continues to be a magnet for foreign investors, and the value of Uruguay homes and apartments sold tops US$100 million per month, according to El Observador. In the most recent twelve-month period examined, properties sold in Maldonado exceeded US$1.4 billion, and in the 28-month period from January 2009 to May 2011, …