| Exceeding US$11.6 billion, private
| |
| | Because fomenting international tourism
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| investment in Mexico's tourism sector has
| |
| | is a national priority for Mexico, the
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| already surpassed federal goals for the
| |
| | country's regulatory framework legally
|
| 2001 to 2006 period by 29 percent,
| |
| | protects foreign investors. Mexico allows
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| reports Sectur in its latest
| |
| | foreign investors to have ownership in
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| comprehensive study on the subject.
| |
| | the majority of economic fields and
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| Domestic and foreign private investment
| |
| | activities, including real estate,
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| reached the original US$9 billion goal in
| |
| | allowing 100 percent participation in
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| June 2005, after increasing at least 12
| |
| | shared capital. Investors are also
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| percent annually since 2002.
| |
| | offered a profitability guarantee and
|
| The report also shows that interest in
| |
| | investment security through Fonatur.
|
| Mexico's famous beaches remains high,
| |
| | In addition to the ease of investing in
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| with the sun and beach segment outpacing
| |
| | Mexico, investors are also attracted by
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| all other tourism products by garnering
| |
| | the security of investing in a proven
|
| 48 percent of private investment. Three
| |
| | destination: Mexico is the world's
|
| coastal states also ranked in the top
| |
| | seventh most-visited country and ranks
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| three in amount of private investment
| |
| | 12th in terms of foreign revenue earnings
|
| received: Guerrero State (US$2.63
| |
| | from tourism; in both categories, it is
|
| billion), Quintana Roo State (US$2.47
| |
| | the leader in Latin America.
|
| billion) and Nayarit State (US$92.5
| |
| | Fonatur's efforts have been recognized by
|
| million) captured almost 52 percent of
| |
| | industry organizations such as the Live
|
| the total amount invested between 2001
| |
| | in Spain association, which honored the
|
| and 2006.
| |
| | agency with its development and promotion
|
| Approximately 89 percent of private
| |
| | of residential tourism award during the
|
| investment in Guerrero went to
| |
| | 2006 edition of the Madrid Real Estate
|
| tried-and-true beach resort Acapulco on
| |
| | Exhibition.
|
| the Pacific Ocean, whereas 82 percent of
| |
| | About Fonatur
|
| the private investment Quintana Roo
| |
| | Created in 1974, Mexico's National Trust
|
| received was channeled to the Mexican
| |
| | Fund for Tourism Development (Fonatur) is
|
| Caribbean hot spots Cancun and Riviera
| |
| | the premier developer of
|
| Maya. More than 60 percent of Nayarit's
| |
| | integrally-planned tourism destinations
|
| private investment went to the Pacific
| |
| | in Mexico and has created such
|
| resort town of Nuevo Vallarta.
| |
| | world-class resort areas as Cancun,
|
| Rounding out the top Mexican five states
| |
| | Ixtapa, Loreto, Los Cabos and more
|
| receiving the highest amount of public
| |
| | recently, Huatulco. To diversify the
|
| investment are border states of Baja
| |
| | nation's tourism industry and give it a
|
| California (US$86.3 million) and Sonora
| |
| | more competitive edge, Fonatur builds and
|
| (US$78.4 million). Together, the states
| |
| | promotes new tourist resorts that meet
|
| on the U.S./Mexico border, which also
| |
| | market demand and at the same time spur
|
| include Chihuahua, Coahuila, Nuevo Leon
| |
| | social change in different parts of the
|
| and Tamaulipas, received 19 percent of
| |
| | country. Fonatur often serves a joint
|
| private investment in Mexico, ranking the
| |
| | venture partner for private investors who
|
| region second overall.
| |
| | want to benefit from participation in
|
| Among the northern region's major tourism
| |
| | Mexico's high-quality tourism development
|
| attractions are Copper Canyon in
| |
| | programs. For more information on
|
| Chihuahua; the La Quemada archaeological
| |
| | Fonatur, visit
|
| sites in Zacatecas; the bustling city of
| |
| | About the Mexico Tourism Board
|
| Monterrey in Nuevo Leon and 200,000-acre
| |
| | The Mexico Tourism Board (MTB) brings
|
| Cuatro Cienegas Valley in Coahuila.
| |
| | together the resources of federal and
|
| International sources account for 25
| |
| | state governments, municipalities and
|
| percent of all private investment, with
| |
| | private companies to promote Mexico's
|
| the United States as the top foreign
| |
| | tourism attractions and destinations
|
| investor in Mexico's tourism
| |
| | internationally. Created in 1999, the MTB
|
| infrastructure.
| |
| | is Mexico's tourism promotion agency, and
|
| Mexico has long been taking strategic
| |
| | its participants include members of both
|
| steps to stimulate tourism and attract
| |
| | the private and public sectors. The MTB
|
| private investors through its National
| |
| | has offices throughout North America,
|
| Trust Fund for Tourism Development,
| |
| | Europe, Asia and Latin America.
|
| Fonatur. This government agency is
| |
| | FOR PRESS ONLY: For additional ideas,
|
| responsible for conceiving, planning and
| |
| | help with a story or general travel and
|
| building five sea-side tourism
| |
| | tourism information about Mexico, please
|
| destinations - Cancun, Los Cabos, Ixtapa,
| |
| | contact the MTB's North American Press
|
| Loreto and the Bays of Huatulco - since
| |
| | Room directly at 1-800-929-4555, by
|
| its 1974 inception.
| |
| | e-mail at , or visit our press Web site
|
| These resorts areas generate 54 percent
| |
| | at To access an online warehouse of
|
| of foreign revenue entering the country
| |
| | free, downloadable b-roll, visit
|
| from tourism and benefit from a master
| |
| | # # #
|
| plan, urban-resort planning mechanisms,
| |
| | Erick Laseca
|
| and annual construction programs and
| |
| | Mexico Tourism Board
|
| enforcement.
| |
| | 312-228-0517 x14erick.
|
