Foreign visits to Argentina record significant growth in May

According to an official report, Argentina experienced an 88% increase in foreign visitors in May compared to the previous year.

A total of 992,500 individuals visited the country, with almost half of them being tourists.

The National Institute of Statistics and Censuses (Indec) revealed that 483,600 foreign tourists arrived in Argentina during the fifth month, marking an 82.7% surge year-on-year.

Additionally, 509,000 excursionists entered the country without spending the night, often seen in border cities or as day trips to Buenos Aires.

The favorable exchange rate for tourists has led to an increase in “shopping tourism,” where visitors cross the border to stock up in Argentina and return home.

Excursionists saw a 93.2% increase compared to the previous year, making up 51% of the total visitors in May.

Air arrivals in May reached 185,300, a 51% increase compared to the same month in 2022. However, this figure remains below the pre-pandemic record of 228,494 air arrivals in May 2019.

Neighboring countries contributed to approximately 78.7% of inbound tourism, with Chile being the leading source, followed by Uruguay and Brazil.

Since reopening its borders for international tourism in November 2021, Argentina has seen a robust growth in foreign tourist visits.

Outbound tourism from Argentina also increased, with 795,100 residents traveling abroad in May, a 35.6% increase compared to the same month last year.

Among them, 490,500 were tourists and 304,600 were excursionists.