Private investment in the tourism sector during 2010 amounted to $3.5 billion, an increase of more than 19 percent over the previous year. Of this, 1.6 billion went into hospitality and the rest into real estate development. According to the Tourism Ministry, $374 million came from the United States, $61 million from Spain and $60 million from Canada. Nonetheless, Pablo Azcárraga, a top man at Posadas de México and president of the private sector’s Tourism Business council, maintains investment is 50 percent less than it was in 2008. He blames both the climate of violence and economic conditions for the decline.
--
Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers
No comments:
Post a Comment