Mexico Attracts $2.3 Billion in Foreign Tourism Investment Through September
- November 21, 2023
MÉXICO » News » November 2023 » Mexico Attracts $2.3 Billion in Foreign Tourism Investment Through September
Published by on November 20, 2023
Foreign Direct Investment (FDI) in Mexico’s tourism sector has reached $2.28 billion in the first nine months of this year, comprising 6.9% of the country’s overall FDI, according to the Ministry of Tourism (Sectur). This announcement, made on Monday, highlights the resilience of Mexico’s tourism industry amid global economic shifts.
The Ministry of Economy’s FDI records reveal that in the third quarter of 2023 alone, the sector secured $504.2 million, constituting an impressive 27.1% of the total FDI received by the country during that period.
The states that emerged as the top recipients of this tourism-focused FDI from July to September 2023 include Baja California Sur, leading with $186.4 million (37% of the total); Quintana Roo, securing $104.8 million (20.8%); and Nayarit, attracting $79.3 million (15.7%).
During the third quarter, the United States dominated as the primary source of FDI, contributing $359.2 million (71.2% of the total), followed by Canada with $85.4 million (16.9%) and France with $10.8 million (2.1%).
Specific sectors within the tourism industry saw substantial FDI influx, with $498.1 million directed towards furnished apartments and houses with hotel services. Additionally, airport and heliport management received $5.8 million, accounting for 99.9% of the total Foreign Direct Tourism Investment (FDTI) in the third quarter of 2023.
Miguel Torruco, the head of Sectur, expressed confidence in Mexico’s appeal to international investors and business leaders, citing the record-breaking FDI of $4.47 billion in 2022. This figure represents a remarkable 259.8% increase compared to the pre-pandemic year of 2019. Torruco emphasized that Mexico ranked sixth globally in terms of the number of RTDI (Real Tourism Direct Investment) projects, with 105 projects from 2019 to 2022. This positive trend underscores the country’s standing as an attractive destination for foreign investment in the tourism sector.
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Tourist attractions in México
States Of Mexico
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Capital Cities
Folklore, gastronomy, literary culture, art and exhibitions, is what you will find in the capitals of the states of Mexico. To the north, colonial Mexico, Puebla, Guadalajara, Guanajuato, the Sonoran desert and the California peninsula. To the east Veracruz and the gulf. To the west Acapulco, Oaxaca and Tuxtla Gutiérrez. And to the south the Riviera Maya and the pyramids of Chichén-Itzá, Tulúm and Cobá in Yucatán, Palenque in Chiapas, the cenotes, and the Central American jungles.… Read More
Traditions in Mexico
It is practically impossible to make a meticulous, and above all, accurate selection of the places to visit in Mexico. Each place that our country houses is unique and beautiful in its own way. Mexico, with its nearly 2 million km², has a large number of scenarios to offer, as well as endless activities to do. Do not lose your way and enter the places to visit in Mexico. In Mexico, apart from the beaches and its famous archaeological sites, there are many other really interesting sites and activities that you should know. In the surroundings of the main cities you will find places full of culture and tradition, where you can spend relaxing, interesting and fun vacations. On your trip through Mexico you cannot stop obtaining souvenirs, the crafts that are made here are of the highest quality and recognized worldwide. A shopping tour cannot be missed.… Read More
Ecotourism and Adventure
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Archaeological Sites
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Beaches
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Gastronomy
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