Quintana Roo occupies second place at the national level in attracting tourism investment

Quintana Roo - Cozumel

MÉXICO » News » August 2023 » Quintana Roo occupies second place at the national level in attracting tourism investment

Published by Jesús Vázquez on August 20, 2023

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In a recent development, Quintana Roo has emerged as a leading destination for tourism investment in Mexico, claiming the second spot at the national level. Particularly noteworthy is the continuous influx of hotel investments into this region. As of the first half of this year, the state has welcomed 128,166 tourists, resulting in the addition of 767 new rooms. This is a significant rise from the 127,399 rooms reported at the closure of 2022.

The Federal Ministry of Tourism has disclosed the data on entities that garnered the highest Tourism Foreign Direct Investment (IEDT) during the months of April to June 2023. Baja California Sur has taken the lead with a substantial $330.6 million, constituting 47.3% of the overall share. Following closely, Quintana Roo secured $150.2 million, representing 21.5% of the total, while Jalisco obtained $52.9 million, amounting to 7.6%.

Additional contenders include Nayarit, amassing $46.4 million, and Sonora, which attracted $32.3 million. According to the Ministry’s statistics, the United States remains a prominent contributor, channeling $447.9 million (64% of the total). Canada follows suit with $126.5 million (18.1%), while Spain trails behind with $48.7 million (7%). Germany’s investment weighs in at $10.7 million, with France standing at $8 million.

Furthermore, the Ministry’s report outlines that during the second quarter of 2023, a significant portion of the Foreign Direct Investment went into furnished apartments and houses offering hotel services, tallying a substantial $664.6 million. Additionally, hotels with integrated services garnered $26.1 million, collectively accounting for 98.7% of the entire EDTI.

Miguel Torruco Marqués, the head of the tourism agency, emphasized that these figures are indicative of the trust Mexico instills in international investors and business entities. Notably, the Investment in Tourism Foreign Direct Investment in Mexico for 2022 surpassed $4.245 billion, marking a staggering 245% increase compared to 2019. This achievement represented 11.7% of the overall Foreign Direct Investment acquired by the nation.

In the case of Quintana Roo, the continuous surge of hotel investments has propelled the region forward. The first six months of this year have seen the addition of 767 new rooms, bringing the total room count to 128,166. The State Secretary of Tourism anticipates this number to further escalate, projecting that the year will conclude with more than 130,000 rooms available for tourists.

This impressive momentum not only underscores the state’s attractiveness to international investors but also signifies Mexico’s growing status as a preferred destination for tourism ventures. As the tourism industry continues to flourish, Quintana Roo’s upward trajectory in investment promises a prosperous future for the region and the country as a whole.

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