Private sector investment in Mexico? Tourism boom
private investment in Mexico? the growing tourism industry s
Exceeded
US.6 billion private investment in the tourism sector in Mexico has already exceeded the targets of the federal government for the period 2001 to 2006 by 29 percent, the Ministry of Tourism reported in his study exhaustive on the subject last. The domestic and foreign private investment have reached the initial target of U.S. million in June 2005, having increased by at least 12 percent annually since 2002.
The report also shows that the interests of Mexico’s famous beaches remains high, with the sun and beach segment than any other tourism products by obtaining 48 percent of private investment. Three coastal states also ranked among the top three in the amount of private investment received: Guerrero (US.63 billion), the state of Quintana Roo (US.47 million) and the State of Nayarit (US. $ 5 million) have captured nearly 52 percent of the total amount invested between 2001 and 2006.
Approximately 89 percent of private investment in Guerrero went to the tried and true resort Acapulco Beach on the Pacific Ocean, while 82 percent of private investment Quintana Roo received was sent to the Mexican Caribbean the hot spots Cancun and Riviera Maya. More than 60 percent of private investment went into the Pacific resort town of Nuevo Vallarta Nayarit.
To complete the top five Mexican states that receive the greatest amount of public investment are border states of Baja California (US.3 million) and Sonora (US.4 million). Overall, the states bordering Mexico / USA, which also include Chihuahua, Coahuila, Nuevo Leon and Tamaulipas, received 19 percent of private investment in Mexico, occupying the second region in general.
Among the attractions of the canyon north of tourism the most important copper Chihuahua, archaeological sites of La Quemada in Zacatecas, the bustling city of Monterrey, Nuevo Leon and 200,000 hectares of Cuatro Cienegas Valley in Coahuila. International sources account for 25 percent of private investment with the United States as the largest foreign investor in tourism infrastructure />
Mexico has long been the adoption of policy measures to boost tourism and attract private investors through its National Fund for Tourism Development, Fonatur. This government agency is responsible for the design, planning and construction of five seaside destinations – Cancun, Los Cabos, Ixtapa, Loreto and Huatulco – since its inception in 1974.
These complex areas generate 54 percent of foreign exchange earnings in the country and benefit the tourism master plan, the mechanisms of urban planning and construction of annual vacation and execution.
Due to encourage international tourism is a national priority for Mexico, the country’s regulatory framework legally protects foreign investors. Mexico allows foreign investors to have a majority of fields and economic activities, including real estate, allowing 100 percent equity share. Investors are also offered a guarantee of profitability and investment security through Fonatur.
Apart from the Investment Facility in Mexico, investors are also attracted by the security to invest in a proven destination: Mexico is the seventh most visited country and ranks 12th in terms of increased foreign exchange earnings from tourism, into two categories, which is the leader in Latin America.
Fonatur efforts have been recognized by industry organizations such as the association of living in Spain, which honors the agency with the development and promotion of the allocation of residential tourism in the 2006 Madrid Exposition Real Estate .
About Fonatur />
Founded in 1974, Nacional de Mexico, the Trust Fund for Tourism Development (Fonatur) is the leading developer of integrally planned tourist destinations in Mexico and has created such a tourist area in the world as Cancun, Ixtapa, Loreto, Los Cabos and more recently, Huatulco. Diversification of the national tourism industry and provide a more competitive environment, Fonatur builds and promotes new stations to meet the market demands and at the same time, stimulate social change in different regions of the country. Fonatur often serves as a joint venture partner for private investors wishing to benefit from participation in the high quality of Mexico, tourism development programs. For more information on Fonatur, visit www.fonatur.gob.mx.
About the Mexico Tourism
The Council of the Mexico Tourism Board (MTB) brings together the resources of federal and state governments, municipalities and private companies to promote Mexico’s attractions and destinations internationally. Founded in 1999, the ATV is the agency to promote tourism in Mexico, and its participants are members of the public and private sectors. The ATV has offices in North America, Europe, Asia and Latin America.
Only the press: For more ideas, help a story or general travel and tourism information about Mexico, please contact the MTB Hall of North American Press directly at 1-800-929 – 4555, email or visit northamericanpress@visitmexico.com-mail Press www.visitmexicopress.com Web. To access an online warehouse of free, downloadable b-roll, visit www.thenewsmarket.com / visitmexicopress.
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Erick LASEC
Mexico Tourism
312-228-0517 x14
erick.laseca @ bm.com
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