Tourist Sector: Positive start of the year

Mendoza closed the first month of 2019 with a positive balance, according to the authorities of the Mendoza Tourism Agency (Emetur). The hotel occupancy reached 75% of hotel occupancy on average. In total the visit of 425,000 tourists was registered.

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Bodega Luigi Bosca | Familia Arizu Partners with L Catterton to Drive Global Expansion Plans

Bodega Luigi Bosca | Familia Arizu, one of the oldest and most renowned wineries in Argentina, today announced that it has received a significant strategic investment from the Latin American fund of L Catterton, the largest and most global consumer-focused private equity firm in the world. Through its investment, LCatterton will partner with the Arizu family to support the global growth of the winery's iconic brands and their long-term vision to expand into the most important international markets. Terms of the transaction were not disclosed.

Summary of Mendoza in Asia

A government delegation and businessmen visited China, Singapore and the United Arab Emirates. The minister of Economy of Mendoza, Martin Kerchner, along with Mario Lazaro director of ProMendoza, directed what the local media affirms as one of the best international missions to position the products of Mendoza in the World.

Invest in Vaca Muerta

The Vaca Muerta reservoir contains 40% of the country’s shale gas and features comparative advantages: accessibility, operational capacity, water availability, infrastructure and the technical expertise of human capital. Estimates regarding shale gas and shale oil potential give way to a promising outlook for the country’s development and for attaining the strategic goal of achieving energy security.