Easter is traditionally a time of getaways and trips, but it is also economically important due to the consumption of seasonal products such as Easter eggs and bagels. This year, the long weekend is joined by the long weekend holiday and the anniversary for the Malvinas combatants.
hotel reservations
To talk about tourism and consumption, Channel E He contacted the economist Damian Di Pace who said that the Atlantic Coast has a hotel occupancy “Until now“, between 85% and 90%.
According to the interviewee, “Hoteliers say the area is doing very well.” and in some cases, such as Gesell or Mar de las Pampas there are 100% reserves. “The average hotel occupancy rate, nationwide, is expected to be 75%”he added.
Consumption of seasonal products
Regarding consumption, Of peace He stated that it is expectedsome austerity in spending“where retail sales would be”quite moderate”. And he continued: “It is an absolutely seasonal date where there are products linked to Easter.”.
In that sense, the economist mentioned that Easter eggs “they had an increase of up to 315%”. “Something unprecedented is happening, because there are already offers of 50% discount on the product directly, in addition to two for one on products with a higher average ticket”he continued.
Fish price
On the fish side, Of peace He explained that since it is a seasonal product at this time, there was a very strong increase of between 394% and 400%. “In the case of squid, there are not so many discounts or offers, but there are suggestions per kilo that would be between 4,500 and 7,000 pesos.”, he said.
Finally, he expressed: “There was no great euphoria in the market to buy these products. I think it has to do with the level of family spending that fell and that mass consumption, already in other categories that are not seasonal, was falling by around 13.5%.”.