Mexico Tourism Report - Business Monitor International - Industry Reports

Mexico Tourism Report

59 pages — Published Mar 08, 2014
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Abstract:

BMI believes Mexico s tourism industry has enormous long-term potential, largely owing to its proximity to the US. However, there are concerns with regard to rising levels of insecurity and the negative image this is sending to potential tourists. ...This reflects a slight increase in arrivals from North America, particularly the US, in line with the improving prospects for the US economy. However, we would caution that Mexico s tendency to track US economic performance means that the tourism industry remains vulnerable to further economic slowdowns north of the border. The prospect of steady industry growth throughout the forecast period to ---- is encouraging ongoing investment in the hotel industry. ...Steady growth will feed through into increased industry value. BMI is forecasting hotels and restaurants industry value to reach US$--.-bn by ----, up from US$--.-bn in ----.

...Sound economic policy under the administration of former president, Felipe Calderon, has continued under Enrique Pena Nieto s new government, supported by an independent central bank. This means Mexico is well placed to register sustainable growth. ...This means Mexico is well placed to register sustainable growth. Large numbers of vehicle and vehicle parts manufacturers relocated to Mexico to gain easier and cheaper access to US markets. This process shows little sign of slowing, and as such we forecast that foreign direct investment (FDI) will increase over our --- year forecast period, provided the government maintains business-friendly policies. ...Large numbers of vehicle and vehicle parts manufacturers relocated to Mexico to gain easier and cheaper access to US markets. This process shows little sign of slowing, and as such we forecast that foreign direct investment (FDI) will increase over our --- year forecast period, provided the government maintains business-friendly policies.

...Tax breaks are provided for international conferencing. Visitor arrivals growth and opportunities for all sectors is likely to resume and strengthen once the effects of the economic downturn subside. ...

  
Source:
Document ID
1747-8952
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Mexico Tourism Report" Mar 08, 2014. Alacra Store. Apr 23, 2014. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mexico-Tourism-Report-2026-425>
  
APA:
Business Monitor International - Industry Reports. (2014). Mexico Tourism Report Mar 08, 2014. New York, NY: Alacra Store. Retrieved Apr 23, 2014 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mexico-Tourism-Report-2026-425>
  
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