BA, Montevideo Among Top 10 Latin American Hotspots

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

MasterCard released their annual Global Destination Cities Index today, and both Buenos Aires and Montevideo rank among the Top 10 Destination Cities in Latin America. The third annual ranking and forecast of international visitor arrivals and expenditures in 132 cities worldwide predicts the Top 10 Latin American destination cities will receive 15.4 million international visitors in 2013. By city, the Top …

Hilton, IHG Target New Business Hotels In Argentina

Patrick Archer foreign investment, hotels & casinos, real estate, tourism, us companies

The next wave of planned hotel investment by industry giants Hilton and IHG reflects two important projections for Argentina tourism: more visitors discovering the interior of the country and more business being conducted in major cities beyond the City of Buenos Aires. In July we offered a preview of the US$20 million Santa Fe Hilton, an ambitious 100-key, 4-star hotel …

From Megas to Boutiques, Buenos Aires Hotel Sector Is Booming

Patrick Archer foreign investment, franchises, hotels & casinos, tourism

Foreign buyers. Global brands. Mega-deals. Few sectors of the local economy can compete with the luxury hotel business for headlines and superlatives. Coveted parcels are the object of bidding wars, while others are selling for as much as $21 million. Today Cronista gives a sweeping analysis of el sector hotelero in both Argentina and Uruguay while highlighting emerging trends like …

Exchange Rate, Foreign Investors Boosting Argentina Luxury Hotel Sector

Patrick Archer foreign investment, hotels & casinos, lifestyle, tourism, us companies

While new hotel construction slowed in Argentina in 2008-09, the sector is starting to come back to life thanks to a more favorable peso/dollar exchange rate and the determination of international investor groups, according to Ellen Hoffman of Hotel News Now (HNN). The current 3.8 peso/dollar exchange rate, about 20% higher than two years ago, has helped New York-based developers …

Verdissimo: Green Hotels Coming to Buenos Aires

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

While yesterday’s post focused on a stalled Puerto Madero transaction, today we look at one that is already beyond the drawing board and poised to raise the bar of corporate sustainability in the Buenos Aires lodging arena. Scheduled to open in 2011, the Hotel Own Puerto Madero promises to be the first hotel in Argentina built to the U.S. Green …