Investment in new tourism-related projects along Mexico’s shores is in decline. From Los Cabos in Baja California to the Riviera Maya along the Caribbean, work on several projects has stopped. Most observers blame this on worldwide economic conditions. On top of that, according to Alejandro Zozaya, president of AM Resorts, as quoted in one newspaper, Mexico is losing its allure for investors. “Taxes are up, incentives down, there are fewer seats in airplanes and the peso stronger against the dollar,” Zozaya is said to have said.
--Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers
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