Friday, May 28, 2010

Investment declines

According to figures gathered by the Tourism Ministry, investment in tourism this year will be about $2 billion, a substantial sum, but 16 percent below what had been expected. The overall world economic situation gets the blame.
Lack of financing is expected especially to hamper development of centrally planned resort areas sponsored by the federal government in the Pacific coast state of Sinaloa and in Tamaulipas on the Gulf of Mexico.

--
Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers

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