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.
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