Foreign investment in Mexico’s tourism sector has more than doubled since 2019

Foreign nonstop concern (FDI) successful tourism reached US $2.9 cardinal successful 2024, up 130% compared to 2019, according to the Tourism Ministry (Sectur).

The fig shows a flimsy summation from the US $2.9 cardinal Mexico captured the erstwhile year, Tourism Minster Josefina Rodríguez Zamora said.

“Foreign superior concern is an unequivocal motion of the assurance that planetary investors person successful Mexico,” a authorities property merchandise reads. “It besides facilitates creating modern and sustainable infrastructure successful the tourism industry, which successful crook promotes caller jobs that amended the prime of beingness of Mexicans.”

Three formation destinations attracted the top travel of tourism FDI — 2 on Mexico’s Pacific seashore and 1 successful the Riviera Maya.

Coming successful first, Baja California Sur attracted US $1 billion, amounting to 36% of overseas concern successful tourism. Next was Quintana Roo with US $786.9 cardinal (close to 25% of the total) followed by Nayarit with US $330 cardinal (12%).

Rodríguez said that astir of the concern went towards furnished apartments and houses with edifice services, reaching US $1.9 billion. Hotels with different integrated services captured US $798.3 million.

The lion’s stock of overseas tourism concern went toward furnished apartments and houses that connection edifice services. (Airbnb México)

Overall, these 2 sectors accounted for 96% of the full tourism FDI successful Mexico during 2024.

Finally, Rodríguez explained that Mexico’s overseas concern successful tourism accounted for 8% of the full FDI attracted by the state successful 2024. In contrast, tourism FDI betwixt 1999 and 2024 amounted to US $35.5 billion, conscionable nether 5% of FDI astatine the time.

Sectur’s figures travel a study released earlier this twelvemonth by the National Institute of Statistics and Geography (INEGI), announcing that economical gross from planetary tourism reached US $30.2 billion, up 6% compared to 2023.

The study besides highlighted that Mexico welcomed 45.03 cardinal planetary tourists successful 2024 — an summation of much than 7% implicit 2023.

According to the World Tourism Organization and Mexican government, these figures made Mexico the sixth most-visited state successful the satellite successful 2024.

With reports from Swiss Info