Company Formation
Beyond the Wall: Mexico Tourism, a Booming Industry
Published dateNovember 29, 2017
Last updateNovember 29, 2022
Reading time5 minutes
This article is the second in a two-part series focused on the tourism industry in Mexico. The recent international press has tirelessly been questioning what the potential consequences may be for Mexico’s economy if the US chooses to ditch the NAFTA agreement, worrying the natio…
This article is the second in a two-part series focused on the tourism industry in Mexico. The recent international press has tirelessly been questioning what the potential consequences may be for Mexico’s economy if the US chooses to ditch the NAFTA agreement, worrying the nation of a potential economic disaster. Some might even ask, does President Trump even have the power to end the agreement?
If you want an article on the potential consequences of a Trump decision for Mexico, then check out NAFTA: Up the Creek Without a Paddle. But for now let’s get back to the article at hand – we are going to focus on how Mexico’s tourism industry is a key sector of the economy and how you can invest in it. Tourism in Mexico has very high prospects of growth as it is already the most visited country in Latin America, and, according to the World Tourism Organization, the eighth most-visited country in the World. Tourism is Mexico’s solutions to the USA’s threat, as this industry does not depend as much on the price of the dollar as manufactured products would. “We Mexicans cannot afford to have tourism, one of the most dynamic sectors of the economy, slow down” confirmed De la Madrid, the Secretary of Tourism.
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