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 …

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 …

Uruguay Welcomes Visitor Number 3 Million, His Wife, 4 Kids & The Family Dog

Patrick Archer foreign investment, tourism, uruguay

Exactly two months ago we shared the news that Uruguay was on pace to top 3 million tourists this year. Well, yesterday was the day, and you know it’s a big deal when the president of the country and the national media are involved. Part reality TV, part game show, part much-deserved national celebration, the well choreographed ceremony took place …

Major Milestone: Uruguay to Welcome 3 Million Tourists in 2011

Patrick Archer foreign investment, lifestyle, tourism, uruguay

For the first time in the country’s history, Uruguay will break the three million mark for visiting tourists. The record-breaking numbers were shared earlier today by Minitud, the Uruguay Ministry of Tourism and Sports. The milestone will represent a 24% increase in inbound tourists over 2010 (2.40 million) and a 64% increase over 2006 (1.82 million). In terms of revenue, …

Uruguay Is Now An MBA Case Study on Tourism Growth

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

When MBA students analyze case studies, they are typically dissecting contributing factors surrounding a major success story or a tremendous failure in the world of business. So when professors at Madrid’s IE Business School (IEBS) decided to prepare a case study on Uruguay tourism over the past decade, many wondered what the outcome would be. Fortunately for Uruguay, writes El …