Travel giant Expedia has reported strong growth in tourism to Mexico in the past 12 months, so much so that the firm has bumped Mexico up into its top 3 destinations worldwide. Expedia owned Hotels.com reported that bookings have increased by 25% in the past year, according to a report by the firm.
The report also quotes credit card operator Visa stating that “people spent 10% more (from $4 billion in 2009 to $4.4 billion in 2010) on their credit cards” in Mexico during the same period.
Tourism Secretary Gloria Guevara Manzo has said that the country is achieving “real and sustained progress in making Mexico safe and secure.” The Ritz Carlton will soon open a new 124-villa complex in Cabo overlooking the Sea of Cortez and Spanish hospitality group Sol Melia is planning to develop two flagship resorts at Riviera Maya on the Caribbean coastline.
This is of course good news for the Mexican tourism industry, which suffered greatly during the international financial crisis. But it is also good news for the international tourism industry and, in conjunction with a wealth of other reports, for the overseas property industry as well.
More on this article here (source www.property-abroad.com)