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WHY

WHY. ARGENTINA. TOURISM. MARCH 2019. ARGENTINA IS THE NUMBER ONE DESTINATION IN THE REGION. #1 in the South America in arrivals. INTERNATIONAL TOURISM (2017) International tourist arrivals: 6.7 Mn Average stay (arriving by air): 13.4 days (2.6 Mn tourists)

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WHY

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  1. WHY ARGENTINA TOURISM MARCH 2019

  2. ARGENTINA IS THE NUMBER ONE DESTINATION IN THE REGION #1 in the South America in arrivals • INTERNATIONAL TOURISM (2017) • International tourist arrivals: 6.7 Mn • Average stay (arriving by air): 13.4 days (2.6 Mn tourists) • Total expenditure (USD): 5.1 Bn Argentina 6.70 Mn tourists In millions Brazil 6,59 Chile 6,45 Peru 4,03 Colombia 4,03 • DOMESTIC TOURISM (2017) • Internal trips: 51.4 Mn • Domestic tourists: 18.2 Mn (41% of the population) • Average Stay: 5.1 days • Total expenditure (USD): 9.3 Bn 2015-2018 5% CAGR in arrivals #1 positioning in the LATAM in Country Brand Awareness Source: Secretary of Tourism / INDEC UNWTO & Central Bank. 2

  3. WHY IS ARGENTINA THE MOST VISITED COUNTRY IN THE REGION • Different climates and landscapes for an all-year-round tourism • 7 cultural and 4 natural world heritage UNESCO sites • 35 National Parks and more than 400 conservation areas • 2nd in Human Development Index in Latam • Buenos Aires: First place Most Liveable City in Latam*1 3 *1: Global LiveabilityIndex

  4. GOVERNMENT GOALS WILL CONSOLIDATE ARGENTINA AS Nº1 IN THE REGION • STRATEGIC GUIDELINES • Position Argentina as the main destination of the region • Promote the growth of domestic tourism • Improve competitivenessand sustainabilityof the sector • Increase investment • Promote the creation of new jobs ANNUAL TOURIST ASPIRATIONAL GOALS DOMESTIC In Millions INTERNATIONAL In Millions 4

  5. MAIN INITIATIVES TAKEN TO ACCOMPLISH TOURISM GROWTH • AIR CONNECTIVITY • 135+ domestic and international routes 79+ new international routes since 201766+ new domestic routes since 2017 • 792 routes requested / 300+ routes awarded • INTEGRATION TO THE WORLD • Elimination of the USA Reciprocity Fee • Application of electronic travel authorization for Chinese tourists who have USA or Shengen visa • VAT tax (21%) exemption in accommodation for foreign tourists • Visa reciprocity with Brazil and Chile and cross-border integration In progress • PUBLIC INFRASTRUCTURE • Investment in airports, ports and cruise terminals • Ten-year plan to improve roads and highways: USD 35 Bn • 4G coverage from 50% in 2018 to 100% by 2020 (all roads and communities up to 500 inhabitants) • INVESTMENT PROMOTION AND STRENGHTHENING OF ENTREPRENEURS • Provincial investment benefits and tax cuts • National and Provincial financial assistance by public entities 5 Source: Secretary of Tourism

  6. PUBLIC INVESTMENT IN TOURISM There are more than 240 projects in touristic infrastructure PUBLIC INVESTMENT IN PORTS, AIRPORTS AND ROADS PORTS AIRPORTS ROADS 3 15 5 5 13 2016 – 2027 26 USD 35 Billions 21 CONCLUDED USD 155 MM FIRST STAGE 2016 – 2019: USD 9 BN 3 11 IN EXECUTION USD 151 MM • 2,800 km motorways • 4,000 km safe routes • 13,000 km rehabilitation 3 48 PROJECTED USD 831 MM 7 6

  7. SEATS INCREASED EXPONENTIALLY • 33%Variation 2015-2018 in domestic flights • 28%Variation 2015-2018 in international flights IN THE LAST YEARS ARGENTINA HAS EXPERIENCED AN AIRCRAFT REVOLUTION PASSENGERS INCREASED EVERY YEAR NEW AIRLINES OPERATING NEW ROUTES INCORPORATED • 37% Increase in Domestic passengers (2015-2018) • 27% Increase in International passengers (2015-2018) • 70+new international routes 2016-2018 • 60+new domestic routes 2016-2018 MORE AIRPORTS OPERATING FLIGHTS • 20+ Airports with international flights • 16Provinces with international flights • 26% increase in domestic flights • 20% increase in international flights AIRLINES WITH INTEREST IN THE MARKET 7 Source: INDEC, National Migration Directory, ANAC, EANA

  8. PRIVATE INVESTMENT IN TOURISM HOTEL INDICATORS MORE THAN USD 2.2 BN 2015-2018 INAUGURATED, IN EXECUTION & PROJECTED 8 Source: Secretary of Tourism

  9. HOTEL INDICATORS: TOP RECORDS & EXPANSION PLAN IN PROGRESS HOTEL INDICATORS HOTEL INVESTMENT SUMMARY • RELEASED PROJECTS • 200+ hotels opened during 2016-2018 • IN EXECUTION PROJECTS • 110+ new tourist accommodation establishments (construction, accommodation & expansion) • FUTURE PROJECTS • 90+ hotel openings announced 9 Source: Secretary of Tourism basedonthe Hotel OccupancySurvey

  10. ARGENTINA AIMS TO POSITION AS A LEADING DESTINATION IN NATURE TOURISM PRIVATE INVESTMENTS IN NATURAL PROTECTED AREAS www.argentina.gob.ar/oportunidades-naturales/en TENDER PROCESS LAUNCH DATE: FEBRUARY 2019 20PROTECTED AREAS 37UNIQUE OPPORTUNITIES THE OPPORTUNITY • Outstandinglocations, simplified & abbreviated process, specialconditions • 17 glamping areas • 14 lodging locations, • 4 restaurants 1st Phase STRONG FOCUS IN • Nature and outdoor experiences • Eco friendly construction During 2018, protected natural areas have been duplicated, reaching almost36 million of hectares and 13% of national territory PROCESS • Public tender process • February ’19 – April ’19: request for proposals 10

  11. ARGENTINA OFFERS ALL KINDS OF INVESTMENTS AROUND ITS TERRITORY NORTH REGION PATAGONIA PAMPA REGION LITORAL REGION CUYO REGION • BUENOS AIRES CITY 3, 4 & 5 star hotels • BUENOS AIRES PROVINCE3, 4 & 5 star hotels • LA PAMPA3 star hotels • CORDOBA boutique hotels, farms • MISIONES hotels, thematic parks, restaurants • CORRIENTES 3, 4 & 5 star hotels, bed & breakfasts, cabins, cruises, glamping, lodges, restaurants, tourism agencies • CHACO eco lodges, eco touristic excursions, eco parks • SALTAwater parks, eco lodges, boutique hotels, 4 star hotels, convention centers • JUJUY 5 star hotels, boutique hotels, hotels with golf courses, convention centers, farm hotels • SANTIAGO DEL ESTERO water parks • NEUQUÉN 5 star hotels, conventions centers, cabins, farms, polo & golf resorts, ski resorts • RIO NEGRO4 star hotels, apart boutique hotels, convention centers • CHUBUTski resorts, convention centers, thematic parks, spa hotels • MENDOZA 4 star hotels, bed & breakfasts, spa hotel, farms, ski hotel, wineries • SAN LUIS convention centers, farm clubs, spa hotels • SAN JUAN spa hotels, camping, 5 star hotels, eco parks 11 Source: Secretary of Tourism

  12. NEW HOTEL LAW IN BUENOS AIRES CITY BUENOS AIRES CITY One of the main touristic and business spots in Latin America International tourist arrivals per year: 2.3+ Mn Two main airports receive 16.2+ Mn passengers per year OBJECTIVES Encourage the development, remodeling and upgrading of the existing hotel square Generate employment Foster the economic development of the City TAX INCENTIVES For new establishments: up to 27.5% of the investment For existing establishments: up to 60% of the investment In each case, the invested sum will be computed on the local turnover tax of the establishment • Source: Buenos Aires Investment & Trade Promotion Agency - Invest BA

  13. THE ACTUAL EXCHANGE RATE OFFERS A BIG OPPORTUNITY TOURISM INDICATORS KEEP IMPROVING • ARGENTINA’S CURRENCY DEPRECIATED VS. PEERS AR$ MULTILATERAL EXCHANGE RATE INDEX* 39% DOMESTIC TOURISTS INTERNATIONAL TOURIST ARRIVALS 1st SEMESTER 2018+4.3% GROWTH ESTIMATED 2018 RESULTS 6.96 MM TOURISTS +3.9% GROWTH Mar-16 Nov-16 Nov-17 Jun-17 Apr-17 Feb-18 Nov-18 Dec-15 Aug-17 Aug-18 Jun-16 Jan-17 • YOY % change in number of air passenger INTERNATIONAL TOURISM RECEIPTS ESTIMATED 2018 RESULTS USD 5.24 Bn +3.6% GROWTH Note: Basis 100 dated on Dec 2015. Source: Central Bank of Argentina, ITCRM (Índice de tipo de cambio real multilateral). INDEC 13

  14. HOW WE CAN HELP We promote the internationalization of Argentine companies and facilitate private investments in Argentina OUR SERVICES: NETWORKING DUE DILIGENCE SUPPORT IDENTIFICATION OF OPPORTUNITIES AND LOCATION FACILITATION IMPROVEMENT OF BUSINESS CLIMATE AFTERCARE 14

  15. FOR MORE DETAIL ABOUT INVESTMENT OPPORTUNITIES WHERE IN ARGENTINA SELECTED INVESTMENT OPPORTUNITIES WHY ARGENTINA BY SECTOR DOING BUSINESS IN ARGENTINA

  16. Francisco Urangafuranga@inversionycomercio.org.arMargarita Gonzalez Casartellimcasartelli@inversionycomercio.org.ar Lucas Puig lpuig@inversionycomercio.org.ar Phone: +54 11 5239 4490 welcome@investandtrade.org.ar

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