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Tourism comes back....strong

Here are a few parts used from Business Monitor International 

Tourist Arrivals Return To Growth In Q110
Data released by the Secretaría de Turismo (Ministry of Tourism, Sectur) in June 2010 showed that tourist arrivals to Mexico in Q110 totalled 5.8mn, a decline of 2.7% year-on-year (y-o-y). This is a positive sign, given that tourist arrivals fell by 5.1% in full-year 2009, and indicates that tourist numbers are slowly beginning to recover. Tourist arrivals actually returned to growth in March, rising by 2.5% yo- y, after declines of 5.2% and 5.8% respectively in January and February. While this March increase may also reflect the start of the Easter holiday season, it is an encouraging sign of renewed growth. Tourist numbers are likely to continue increasing in 2010, with a particularly high growth rate in April reflecting the comparison with April 2009, when the swine flu outbreak weighed on arrivals.

 

 Mexico’s Yucatán state is located in the far south of country, a small peninsula dividing the Gulf of Mexico from the Caribbean. This location has made Yucatán a popular tourist destination, alongside the neighbouring state of Quintana Roo. Tourism is a key source of income for the state, which has suffered during the 2008-2009 downturn. Tourist arrivals to Yucatán are therefore likely to remain subdued for the greater part of 2010, beginning to pick up towards the end of the hurricane season . Industry Investment Seen At US$2bn in 2010
A sign of Mexico’s improving tourism prospects in 2010 is an increase of investment into the industry, Mexico’s Tourism Minister Gloria Guevara said that private investment could reach as much as US$2bn in 2010, up from US$1.7bn in 2009. A significant amount will also be provided by the government, which is seeking to revitalise the tourism industry after the twin trials of an economic slowdown and a swine flu outbreak. The government is set to invest US$280mn in 2009, some of this under its Vive Mexico campaign , which was launched in mid-2009 to attract visitors back after the swine flu outbreak.

Published Saturday, November 13, 2010 8:58 AM by Alexander Jablonski

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