Tourism Recovers Foreign Sector Could Add About $20 Billion Dollars In Mexico

2011, encouraging private investment in tourism
Economy - Tuesday, December 7, 2010 (14:03 hrs)




It is expected that the resources of the IP in the sector are of two thousand 300 million dollars in 2010, said Pablo Azcarraga (Photo: Gretta Hernandez)



The online Financial

Mexico, December 7 .- To the end of 2010 private investment in tourism is estimated to be approximately two thousand 300 million dollars, about half of the more than four billion dollars recorded in 2008, said Pablo Azcarraga , chairman of the Tourism Enterprise National Council.

According to the executive for next year the outlook is encouraging, so the figure is expected to rise. He explained that the federation is working with the Ministry of Tourism for the creation of a National Agreement on Tourism, and achieved in early 2011, private investment in the sector could add about 20 billion dollars over the next five years.

He explained that due to the last global economic crisis, and the image of insecurity in our country in the world, foreign investment declined from 48 percent of capital raised in 2008 to 12 percent in 2010. He stressed that the national capital has always been the most representative.

On the other hand, said that the main points raised in the National Agreement highlights the need to improve the national image abroad, opening new markets, creating a distinctive identity for each of the Mexican destinations, and create mechanisms to be generated more and better investment in tourism.

On the other hand, felt that the image of insecurity has caused a decline of 30 percent in hotel occupancy in destinations located north of the country as Cuiudad Juarez, Nuevo Laredo and Monterrey, sites are commonly visited by business travelers.

Although there are no reported closures of property belonging to hotel chains, did not rule that have worked in small establishments. Also, he said, hoteliers are facing the average rate stands at approximately 25 percent below that recorded in 2008 nationwide.

Highlighting the competitiveness and ended by saying that if all the representatives of industry, both private and government, they walk toward a single goal can achieve the goal that by 2020, Mexico received 55 million tourists and generate 1.5 million additional jobs in the industry. (With information from Finsat / MCH)

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