With 32 World Heritage sites and a gastronomy declared by UNESCO as an intangible heritage of humanity, Mexico is an important world tourism site. For its significance to global tourism, it was chosen as the official host of World Tourism day in 2014. The sector contributes more than 8% to national GDP, generates around 2.5m jobs directly and...
In recent years the Mexican film industry has seen strong growth. The year 2013 was especially good for the industry, with a record 99 commercial releases and two box-office blockbusters. This growth has been in large part fuelled by incentives. As Mexican productions gain increasing international recognition, some are calling it “a new...
Which countries should be prioritised in terms of increasing connectivity and tourism flows?
A surge in the gambling industry in the past seven years has prompted a review of the legislative framework regulating the industry. Mexico’s gambling industry is the second-largest in Latin America after Argentina, generating annual revenues surpassing $10bn. With a new law expected to be introduced in 2014 bringing transparency, the industry...
Selected by the current government as a pillar for growth, the tourism sector contributes more than 8% to national GDP and is the fourth-most-important source of foreign currency. With the exception of 2009, tourist arrivals have increased steadily from 22.9m in 2008 to 23.7m in 2013. Foreign exchange inflows generated by the sector also registered an increase of 8.5% in 2013, reaching a...
The second-largest economy in Latin America, Mexico seems poised to enter a new growth phase as the government of Enrique Peña Nieto implements radical changes in a number of sectors across the economy. The reforms, aimed at raising the competitiveness of the Mexican economy, have the potential to establish Mexico’s position as a regional powerhouse.
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