New Report Available: Travel Accommodation in Argentina
Hotels have been negatively affected by high inflation rate since 2010; increasing operational costs and lower demand due to the loss of exchange rate competitiveness led to profitability decline. Besides, growing economic and political uncertainty arising from exchange market control at the end of 2011, restrictions on foreign companies wanting to send profits to their headquarters and the high inflation rate, amongst others have encouraged foreign investors to wait and see before deciding...
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