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Low-Cost Luxury Tempts Tourists to Argentina After Currency Rout

  • Tourism bargains a consequence of Argentina’s currency crisis
  • Country drawing attention as top travel destination in 2019
Evening at the Hotel Arakur Ushuaia Resort and Spa, in Ushuaia, Tierra del Fuego, Argentina.
Evening at the Hotel Arakur Ushuaia Resort and Spa, in Ushuaia, Tierra del Fuego, Argentina.Photographer: Matthew Williams-Ellis

From Buenos Aires to Bariloche, travelers are cashing in on Argentina’s cheap currency as the country grabs headlines as a go-to destination.

The peso has tanked nearly 50 percent against the U.S. dollar this year, the biggest drop in emerging markets. That loss has now become tourists’ gain, turning luxuries such as grass-fed steaks and world-class wine into bargains for globetrotters with greenbacks.