Reports

Tourism Sector In Mexico Is Stronger Than The Oil Industry | tourism-review.com

Far from being affected, the tourism sector in Mexico benefited from the volatility and depreciation of the exchange rate, the outcome of the 2016 electoral process in the United States, and the international uncertainty that negatively impacted other sectors of the economy.

Tourism sector in Mexico represents 8.7% of the country's Gross Domestic Product (GDP), a figure exceeding the contribution of oil industry, which amounts to 7%, according to Teresa Solis Trejo, Deputy Director of Planning and Tourism Policies of the Ministry of Tourism.

"The tourism sector is an industry that, thanks to its size and performance in recent years, is becoming one of the driving forces of the national economy," the federal official said.

Mexican Tourism Industry Experiencing Its Best Performance Ever | tourism-review.com

Mexico has been able to latch onto the global tourism explosion, and just in time. In this period of great uncertainty, due to the potential impact of the Trump era, the Mexican tourism sector – which already represents 8.5% of the country's GDP – is going through the best period in its entire history, and has become – after the manufacturing sector and remittances – the principal driving force behind the economy. It is, however, starting to show signs of stagnation. The arrival rate of foreign visitors grew by 9% in 2016, reaching 35 million people. The increase in foreign currency entering the country was 10%; and the tourism industry's account balance (dollar inflow versus dollar outflow) improved by 22% thanks to the fact that there were more foreign visitors entering the country than Mexican citizens traveling abroad.

Carnival Tourism Boosts Brazilian Businesses | tourism-review.com

The Brazilian Ministry of Tourism believes that the positive numbers of carnival tourism sector emphasize the importance of the holiday for the economy of all regions.

The Carnival revelry worked as a dynamo for the economy, generated jobs and attracted visitors in all regions of Brazil.

In Salvador, for instance, traditionally one of the key destinations for carnival tourism, the hotel occupancy rate reached 95% throughout the holiday season, hence generating 200 thousand temporary jobs. Bahia’s Secretariat of Tourism (Setur) estimates that 600 thousand tourists have visited the Bahian capital city, an increase of 9% in comparison with the previous year of 2016. Of these, 10% have come from abroad. 2 million visitors were registered throughout the state, a number responsible for pumping R$ 1,5 billion into the Bahian economy.

Mexican Tourism To Slow Down Thanks To Trump | tourism-review.com

Following the US presidential election, there will be a slowdown in the rate of international tourist arrivals in Mexico, which will grow by only 7 per cent per year, according to estimates by Anáhuac University and the National Business Tourism Council focusing on the outlook of Mexican tourism.

Just before the elections on November 8 last year, Francisco Madrid, a tourism specialist, asked industry bosses whether Mexican tourism would be adversely affected if Trump won the election, and 54 per cent answered yes.

Honduran Tourism Expected To Increase 15% | tourism-review.com

Honduran tourism sector, better known as the "chimneyfree industry," is expected to jump from 4 to 15% growth this year.

The increase is projected to generate more than 800 million dollars in foreign currency for the country, according to estimates by officials of the Honduran Tourism Institute (IHT). The Honduran economy will get a billion-dollar contribution from the travel and tourism sector this year.

Tourist Spending In Mexico Is Critically Low | tourism-review.com

Average tourist spending by foreign visitors to Mexico is only half of what it is in Dominican Republic, and at least 300% below that of the United States, India and Australia, according to a study by Anahuac University and the National Tourism Business Council (CNET).

Luxury Market Surges In Los Cabos | Travelmarketreport.com

Hoteliers are betting on Los Cabos’ reputation as a top destination for luxury travelers, as they continue to bring upscale brands to the area. The good news: it seems to be paying off. The hot spot saw a 14.7% tourism increase in 2015 compared to 2014, welcoming more than 1.5 million tourists a year. Delta Vacations and Aeromexico Vacations bookings to the destination have seen “healthy double-digit increases,” said Delta Vacations senior vice president of marketing and product development Tina Iglio. Iglio predicts Los Cabos will “represent a huge opportunity for travel agents in 2016.”