Mexico Tourism Investment Climate Whitepaper
Mexico is on the move. With positive growth during the past few years, including record hotel occupancy and revenue, the forecast for the hotel industry in Mexico is optimistic for visitors, residents, operators and investors. Overall, Mexican and U.S. hotel chains are trying to expand their footprints throughout Mexico. According to Lodging Economics, there were 147 projects with 21,942 guestrooms in the pipeline as of the first quarter of 2015. Travel and tourism attracted US$8 billion in capital investment in 2014 and that is expected to rise an estimated 6.5 percent per annum to US$16 billion by 2025. This white paper takes a closer look at where tourism in Mexico is headed.