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Latin America Investment News on Viva Tropical

Mexico: Private Investment in Tourism Grew by 5%

Article Summary:

The Ministry of Tourism of Mexico reports strengthening investments are being made by the private tourism sectors during the first quarter of 2012, which is a 5% increase compared to the same period last year. The Federal District, Nayarit, Jalisco, Oaxaca, and Baja California saw the largest private tourism investments.

Photo Credit: CnnExpansion

Original Article Text From CnnExpansion via Google Translate :

Private Investment in Tourism is Growing 5%

The Ministry of Tourism reported that the investment allocated to strengthen the private sector, expand and improve the tourism infrastructure of our country during the first quarter of 2012 was 944.98 million dollars, representing a 5% increase compared to same period last year.

In the January-March period , the housing projects were the largest investment in the sector captured, recording 652.07 million dollars, followed by real estate investments, with 183.65 million dollars.

The services sector attracted additional 44.48 million, while investments in the leisure sector were for 33.25 million dollars, and food and beverages were for $ 8.7 million.

During the first quarter, the Midwest region was the most resources captured in accounting of $ 482.29 million, followed by beach destinations with 344.30 million dollars, to the northern Mexico region was allocated 76.06 million dollars and World region Maya channeled 42.33 million dollars.

Entities that received more resources from the private sector to strengthen the tourism infrastructure were the Federal District, which reported $ 380 million, Nayarit attracted $ 96 million and Jalisco were channeled $ 95 million.

In Oaxaca the private sector invested 51.52 million dollars and Baja California attracted 48.73 million dollars. These five states accounted for over 70% of resources channeled to the private sector during the first quarter.

Of all the resources that are captured in the first three months of the year were 795.42 million dollars of domestic capital, which represented 84% of private resources invested in improving the infrastructure of our country.

Link to Original Article:

From CnnExpansion

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