Private Investment in Tourism Grows 29.47 Percent in First Three Quarters

During the first three quarters of 2008, private investment in tourism in Mexico was $4.348 million dollars, representing a 29.47 percent increase over the same period in 2007, according to Rodolfo Elizondo, Mexican Secretary of Tourism.

The Minister recalled that during the first 22 months of the current administration of President Felipe Calderon (2006-2012), the foreign private investment in tourism in Mexico was $7.822 million dollars or 39 percent of the goal of $20.000 million dollars during Calderon’s 72 months term.

The National Register of Foreign Inversion of the Secretariat of Tourism pointed out that 58.5 percent of this amount came from national investors and the remaining 41.5 percent came from foreign capitals, mainly from Spain and the United States.