HIGH alert about the negative impact on tourism of an economic measure in Argentina

Panama City, Nov 29 (EFE) .- The Latin American and Caribbean Air Transport Association (ALTA) highlighted this Monday that the ban issued by the economic authorities of Argentina on the use of credit cards to finance the purchase of tickets in installments flights and other tourist services abroad “hit the already weakened travel and tourism industry hard.”

The ALTA, which has its regional headquarters in Panama City, thus expressed its “deep concern” at this measure, reported by the Central Bank of the Argentine Republic.

The Association specified that the measure establishes that “as of November 26, 2021, financial and non-financial entities that issue credit cards will not have to finance purchases made through credit cards of their clients – human and legal persons – in installments. of tickets abroad and other tourist services abroad “.

“This measure, sudden, abrupt, strongly hits the already weakened travel and tourism industry, also represents another obstacle for citizens in the country who wish or must travel abroad,” said ALTA.

He argued that Argentina “is a highly attractive country for tourism”, and stressed that in 2019, before the pandemic, the travel and tourism industry generated resources equivalent to 9.4% of the Gross Domestic Product (GDP) and 7 , 6% of jobs.

“This measure, added to the existing travel restrictions that do not yet provide certainty or confidence for the eventual entry of passengers as of 2022, will have an extremely negative impact on the socioeconomic well-being of the country,” ALTA warned.

The Association called on the Argentine authorities “to weigh the negative consequences of this measure and to work together with the industry in measures that generate benefits for the South American country.”

ALTA is a private non-profit organization, whose member airlines represent more than 86% of commercial air traffic in the region, according to data from the agency.

(c) EFE Agency

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