Record investment in Mexico tourism in '08

By
|

Private investment in Mexico's tourism industry totaled a record $4.64 billion last year, up 34% compared with 2007, according to Rodolfo Elizondo Torres, Mexico's tourism minister.

Of the total investment, 52% came from domestic investors, and 48% came from international investors, primarily from the U.S. and Spain, Elizondo said.

Regions of Mexico that received the lion's share of investment dollars were Quintana Roo, which includes the Caribbean resorts of Cancun and the Riviera Maya, and the Pacific resort areas of Nayarit, Sinaloa and Baja California, Elizondo said.

According to the tourism official, private investment in Mexico's tourism industry was a combined $8.11 billion in 2007 and 2008, about 40% of the $20 billion the Mexican government is projecting that private investors will spend on tourism projects in the country between 2007 and 2012.

Comments

From Our Partners


From Our Partners

Discover how United Airlines is expanding non-stops to summer fun!
Discover how United Airlines is expanding non-stops to summer fun!
Watch Now
We Love Travel Advisors 2021
We Love Travel Advisors 2021 Guide
Read More
2020 Los Cabos Webinar
Travel Safety in Los Cabos
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI