CDMX Government predicts economic impact of 7,800 million pesos for National Holidays
Published by Gerardo Mayoral | CRÓNICA on September 10, 2023
The Mexico City (CDMX) government has unveiled its economic forecast for the upcoming National Holidays in the capital, predicting a substantial economic impact of 7.8 billion pesos. This figure marks a remarkable 10% increase compared to the previous year, signaling a resurgence in economic activity post-pandemic.
Martí Batres, the head of the government, emphasized that the primary beneficiaries of this economic upswing would include restaurants, nightlife establishments, bars, supermarkets, stationery stores, costume shops, and businesses specializing in patriotic items such as national flags and traditional hats for Mexicans.
This impressive economic contribution joins the cumulative 44.4 billion pesos generated by various celebrations throughout the year in Mexico City. Additionally, the positive financial effects of large concerts in the city’s Zócalo have been recognized.
In total, over 500,000 businesses stand to profit from these festivities, showcasing the renewed economic vibrancy of Mexico City post-pandemic. Furthermore, there’s an expected 26% surge in the tourism sector’s economic benefits compared to the previous year, with an estimated 120,000 national and foreign tourists anticipated to visit.
Fadlala Akabani, the Secretary of Economic Development, underscored that this windfall would support 105,000 economic entities, providing employment opportunities for approximately 721,000 people throughout the National Holidays. He specifically mentioned that economic kitchens offering special dinners for Mexican Night on the 15th would be among the beneficiaries.
This economic projection underscores Mexico City’s growth, economic vitality, and its appeal to investors and entrepreneurs.
Jorge Darío Guerrero, the General Director of Tourism Services, echoed the head of government’s sentiment by highlighting the burgeoning tourism industry in Mexico City. He emphasized the city’s diverse offerings, including massive concerts, sporting events, top-notch theater, and musical performances, positioning it as ‘The City that has it all’.
Guerrero confirmed a remarkable 26% increase in the tourism sector compared to the prior year, affirming the city’s consistent growth since the start of September.
To assist visitors in planning their stays, the City Government has introduced the cartelera.cdmx.gob.mx website, listing 653 events in ten different categories. Guerrero also encouraged travelers to use the cartelera.cdmx.gob.mx portal for trip planning, as it not only enhances the visitor experience but also contributes to greater economic benefits and job creation within the city.
The General Director of Tourism Services drew attention to the city’s monumental lighting during the celebration, showcasing a breathtaking representation of Mexico-Tenochtitlán and other iconic elements of Mexican culture. He warmly invited families and tourists to partake in the National Holidays, particularly on September 15th, at the city’s Zócalo.
For those planning an extended stay, Guerrero highlighted the “Paquete Quedes” promotion, offering discounted hotel rooms and restaurant options, including traditional September 15 dinners tailored to various tastes.
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