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Latin Trade | 2004-07-14 Latin Trade

Checking into Buenos Aires

A devalued currency means business for online apartment rental procures.
Gradually, property owners caught on to the values of flexible terms and tenancies.
Alda Miccolis of Alojargentina says her business began to recover with increased tourist demand beginning late 2002. She also points out to a unique segment, medical tourism, as a big push behind rising occupancy rates.
”The quality of medical care here is high and the cost low, so people bring their families for a couple weeks while they undergo treatments that are expensive in their own contries,” Miccolis says. The internet has been critical to the industry's success, as it allows potential clients continents away to check out the listing and photos online.
Tourism will fuel business for the industry, as Argentina remains affordable for visitors from abroad.

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