Monthly variation of the hospitality economic activity in Argentina 2019-2021

According to the source, the economic activity of hotels and restaurants is calculated using 2004 as base year. In 2004, this sector generated 1.4 percent of the GDP in the country, of which 24.5 percent corresponded to hotels, camping places and other temporary accommodations. Restaurants, bars, and canteens accounted that year for the remaining 75.5 percent of the contribution of that whole category to the GDP that year. Since then, the activity of the hotel industry is estimated by the source using data from the Encuesta de Ocupación Hotelera (EOH). The activity of restaurants and similar establishments is based on indicators of the monthly demand of those types of services by resident households, non-resident households, and companies as well as on lagged quarterly information from the sector. Further information about the methodology can be found here.