The leading residential seaside resort in Uruguay which has made the reviews of some of the most significant world magazines because of its village spirit, excellent beaches and easy going environment but also with some of the best restaurants and art galleries in the country is threatened by speculators.
Three cruise vessels with over 5.000 passengers spent Christmas at Uruguay’s international seaside resort Punta del Este on the Atlantic, according to the local port authority, Carlos Ferreira.
Argentina will not take back the millions of Pesos that thousands of tourists spend in neighbouring Uruguay during the summer season. That was the reply to a request from Uruguay’s largest bank branch in the City of Buenos Aires, according to banking sources in Montevideo.
Uruguay expects a record cruise season beginning November with over 230 calls split between Montevideo and Punta del Este, 80 miles to the east on the Atlantic coast line, according to Deputy Tourism minister Lilian Kechichián.
Banco do Brasil, Latin America’s largest financial institution has requested a licence to operate in Uruguay as a commercial bank according to the Brazilian government’s news agency.
Real estate operations in Uruguay’s hottest resort and leisure farms’ area totalled 2.55 billion US dollars in the twelve months to April 2011, equivalent to daily deals involving 7 million USD.
Uruguay is seriously considering the construction of a harbour for the cruise industry and admits infrastructure is already lacking in many areas for the exponential growth of the tourism industry, which in 2011 could be reaching the targets set out for the five year period 2010/2014.
The US skipper Brad Van Liew won his third consecutive leg in the Velux 5 Oceans race on Tuesday evening pulling into Punta del Este, Uruguay, eight days after rounding Cape Horn in his 60-foot Eco 60 Le Pingouin..
Velux 5 Oceans. The Ultimate Solo Change is unexpectedly returning to Uruguay after twelve years. The four solo competitors are currently sailing along the South Atlantic and the leading yacht is expected to arrive in Uruguay’s renowned international resort of Punta del Este late Monday.
Foreign tourism in Uruguay during January injected 535 million US dollars to the economy, which is higher than the first two months of a year ago (515 million US dollars), according to the latest release from the Ministry of Tourism.