Uruguay’s Tourism Sector: Urgent Need for Revitalization

Uruguay’s tourism industry, a vital economic pillar, contributes 5.6% to GDP and employs over 104,000 people formally. It generates $1.3 billion in salaries and nearly $800 million in taxes annually. However, the sector faces severe profitability issues threatening its long-term sustainability. Real tourism revenues have fallen by 24% over the past decade while operating costs […]