Tourism Now A US$2 Billion Industry In Uruguay

Patrick Archer hotels & casinos, lifestyle, real estate, tourism, uruguay, us companies

Foreign visitors in Uruguay are now spending over US$2 billion a year or approximately 7% of the country’s GDP, according to new data released this week. According to the Ministry of Tourism, Uruguay generated US$2.025 billion in tourism revenue in 2012, a figure four times greater than the US$500 million in tourism dollars the country was attracting just a decade …

Bid Process Underway for New Punta del Este Convention Center

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

A Uruguay public sector trust officially opened up the bid process this week for the construction of the new Punta del Este Expo & Convention Center. Two dozen developer groups expressed interest when the project was announced earlier this year. As envisioned, the facility will be a seven-building complex built on a 12 acre parcel north of town next to …

24 International Developers Want to Build New Punta del Este Convention Center

Patrick Archer aruba, foreign investment, real estate, tourism, uruguay

Commercial developers interested in building and managing the planned Punta del Este Convention Center had until last week to submit letters of interest, and no fewer than 24 submitted proposals to Uruguay’s National Development Corporation. The Punta del Este Convention Center will be a seven-building complex built on a 12 acre parcel north of town next to the El Jaguel …