Mexico national bank lends for Riviera Maya development

Already more than 2,000 new hotel rooms whave been added to Mexico's Riviera Maya region in 2015 and, now, The Bank of National Foreign Trade is currently signing more loans to ensure funding for more and new development in the region, according to Riviera Maya News.

Finance director of Tourism Investment Projects of the National Foreign Trade Bank (Bancomext), Gerardo Gonzalez Corona, told the Riviera News that the area is one of the most important growth opportunities for tourist attractions, "so funding is set aside to strengthen and increase its hotel infrastructure."

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

"We have roughly 40 percent of our portfolio here."

He said the policies of the federation is that the bank’s resources are for providing entrepreneurs with the intention to create jobs, resources and regional and state development, across the coastline of Quintana Roo, including Cozumel.

Projectors for the region are hoping that if growth and development continue, that by 2017, there will be an additional 4,000 new accommodation rooms in the state of Quintana Roo.

Suggested Articles

Demand came in 67,000 rooms lower during the week ended July 4 than the previous week, according to Jan Freitag, STR’s SVP of lodging insights.

Two recent cases address the issue of hotel liability when personnel assist police who have an issue with a guest—here's the lesson for hotels.

The Buccini/Pollin Group has a longstanding connection to the Baltimore region, opening its first hotel in the area in 1997.