Although the area had suffered from a high rate of unemployment from 1995 to 2003, Mar del Plata has seen 46,000 new jobs created from the third quarter of 2003 to the third quarter of 2008, representing an increase of 22% [REF].
The 2008 Davis Cup Final was held in Mar del Plata and, after being shut for a decade the Gran Hotel Provincial (one of the largest hotels in Argentina) was reopened by the Madrid-based NH Hotels, in 2009.