Business & Finance

Largest Hotel & Tourism Investment Conference in Latin America Returns to Argentina - Sept. 13-14

SAHIC Celebrates its 10th Anniversary by Returning to Buenos Aires, where it held its 1st conference in 2007

BUENOS AIRES, AR. August 10, 2017 – With just a month before SAHIC welcomes more than 400 attendees to Argentina, Conference organizers have brought together authorities from the Ministry of Tourism and the Ministry of Modernization, Innovation and Technology to reveal details about the 2017 edition of SAHIC, which will take place September 13-14 at the Hilton Hotel in Buenos Aires. “Our conference differs because it is the only one in the region that manages to bring together the highest levels of business for an educationally formatted event,” says Arturo García Rosa, President of SAHIC. “In these 10 years, we have toured nine cities, and it is a joy that this year’s conference is in Argentina, a country that presents a more than favorable business climate. The agenda for this year is impressive; We have confirmed, among other outstanding participants, four key speakers including Stephen Holmes, Chairman & CEO of Wyndham Worldwide; Bill Walshe, CEO of Viceroy, Sébastien Bazin, Chairman & CEO of Accor and David Sutton, President of Grupo Alvear.” Gustavo Santos, Minister of Tourism in Argentina, enthusiastically welcomes SAHIC to his country: "In the first 5 months of 2017, we witnessed a 4.6% growth in regards to arrival of non-resident tourists (by air)..

Guillermo Dietrich, Minister of Transportation, also shared his insights regarding improvement in internal CONNECTIVITY, at regional and international levels. “Without connectivity,” says Dietrich, “there is no TOURISM.”

“In the first four months of 2017, Argentina experienced an increase of + 3.8% in overnight stays (678,000), + 2.1% in rooms sold (177,000) and + 11.7% in hosted tourists (781,000) according to data from the EOH-Survey of Hotel Occupation of the INDEC-Ministry of Tourism. According to STR data, in the first half of 2017, ADR (average tariff) increased in line with inflation, employment in Argentina grew 8.7%, and markets such as Cordoba and Mendoza grew at higher levels -- 11% and 10.3% respectively…based on the improvement in connectivity (greater supply and better prices), I am convinced that we will continue to see positive numbers.”

Pablo Giampieri, Undersecretary of Economic Development in the City of Buenos Aires, spoke about the opportunities opened by SAHIC's arrival to the city: "Hopefully, from this type of event, new investment projects will begin, not just hoteliers but we all have a lot to do and as a public sector we are determined to accompany all the projects that improve Buenos Aires and those who live in it. We know that Tourism is one of the engines of social and economic development and we have to build it together. " Gonzalo Robredo, President of the Tourism Authority in the City of Buenos Aires, commented: "Tourism is a sector that has a great future in the short- and long-term, as our projections show that within 5 years several hotels of all categories will be needed to meet a demand that will increase -- due to the great plan of aerial connectivity that is already underway. This implies that by 2018 there will be about 1,800 new air frequencies that will have capacity to transfer 138 thousand International tourists and increase the foreign tourist market by 7.5% .“ 

(*) Sources: Investment Promotion Agency and Foreign Trade Buenos Aires City, Ministry of Tourism of the Argentine Nation and Argentine Agency of Investment and International Trade

About SAHIC

SAHIC is the leading conference organizer for hotel and tourism investment in Latin America that promotes business and real estate projects in the region. SAHIC South America is an annual conference with its location rotating every year through different cities in South America. The 2017 SAHIC South America, scheduled for September 13-14, 2017, celebrates the Conference’s 10th Anniversary, returning to Buenos Aires, Argentina, where the conference held its inaugural event. www.sahic.com

Media Contacts:
In South America:
Laura Matta
Press & Communications
SAHIC Cuba
lmatta@sahic.com
+54 (9 11) 5404-0903
Direct: +54 9 (11) 3096-0600
SKYPE: lau_matta

In the United States:
Leora Halpern Lanz
Principal
LHL Communications, Inc.
leora@lhlcommunications.com
SKYPE: LeoraLanz
+1-516-680-8529

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