Buenos Aires is experiencing a massive tourism boom with more and more tourists from regions like the USA and the UK are getting attracted to the relative affordability of the city. With an increasing tourist influx, there is a proportionate rise in the development of high-end and design hotels in the city. Even as new hotels are being built, old ones are being renovated to multiply the options available for the guests. Hotels of all categories are coming up in different parts of Buenos Aires with a specific concentration in San Telmo, the city centre and certain pockets of Palermo. Alvear Palace Hotel is among the most well-known luxury hotels in Buenos Aires and the right place for those with big money.