Mexican tourism one of fastest growing markets in the world
Mexican tourism is on a growth march, so much so that numbers are growing faster there than in the world tourism market — a 9.1% increase or 1.4% over world growth, say Mexican officials.
By 2013, there are estimates that Mexico will be the world’s 2nd fastest-growing market.
The third largest source of foreign exchange earnings, Mexican tourism has been a major source of compensation for Mexico’s trade deficit for the past decade in allotment of its surpluses toward the balance of payments.
International tourism arrivals have reached or exceeded two million consistently in recent years.
More than $11.8 million USD in foreign exchange earnings provided $4.2 billion for the tourism account in the balance of payments Tourism earnings have doubled from 1990 to the present.
Mexico’s market strengths and opportunities are abundant natural and cultural resources, exceptional geography in proximity to major feeder markets and a current government infrastructure of tourism support with a relatively low operating cost, according to Mexican tourism officials.
Report by David Wilkening
David
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