Mexico Hotel Destinations - 2018
Following the 2016 U.S. election, there was a growing concern over Mexico's ability to achieve meaningful economic growth given President Trump's protectionist rhetoric with regard to U.S.-Mexico trade policy. Nonetheless, in 2017, rhetoric proved less impactful than reality, as Mexico's economy fared better than expected and real GDP grew 2.3% year-over-year. The travel and tourism industry continues to play a vital role in Mexico's overall economy and international visitation into the country's capital reached a new record, growing 12.2% over 2016 levels. The 2018 outlook remains promising, in spite of uncertainty around NAFTA negotiations and upcoming presidential elections.
About JLL's Hotels & Hospitality Group
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with 36,900 employees operating in 96 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics. www.ap.jll.com.