Pablo Azcárraga, president of the National Hospitality Industry Council, promised that $20 billion will be invested in various tourism-related projects during the next five years. Azcárraga also is president of Posadas de México (Fiesta Americana, etc.), the country’s largest hotel group.
To start things off, Azcárraga announced that the Questro Group will be investing $220 million to build three hotels in Los Cabos while AM Resorts has plans to invest $320 million in Los Cabos, Puerto Vallarta and Huatulco.
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Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers
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