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News Article

WTTC Announces US$2.5 billion for Mexican Tourism Projects

By Lorenzo Núñez | Tue, 04/27/2021 - 17:37

Christopher Nassetta, Chairman of the Board of the World Travel and Tourism Council (WTTC), informed that the organization will invest nearly US$2.5 billion in Mexican tourism projects over the next few years, which plan to generate over 100,000 new jobs.

During the 20th edition of the WTTC held in Cancún, Quintana Roo, there were a lot of statements in regards to the pandemic and its effects to the infrastructure and tourism industries. Gloria Guevara, WTTC President & CEO, said: “The seriousness of the impact of COVID-19 cannot be overestimated. WTTC research shows this crisis has been 18 times worse than the 2008 financial crash.”

In addition, as previously reported by MBN, Quintana Roo governor Carlos González said 83,000 jobs had been lost in the state as a consequence of COVID-19. It took a major effort to resurrect the industry in the state. “Cancun and the Mexican Caribbean have implemented the new safety measures for travelers that WTTC has recognized and approved through the Safe Travels stamp,” said the governor.  

During the WTTC summit Nassetta said "Our sector needs to be a leader in advocating for open borders, we can open borders, we just need to be smart, with widely spread health and testing systems." When discussing the US$2.5 billion-dollar investment, a historic tourism investment for the next three years, close to 65 percent will be allocated to Quintana Roo and the rest to Baja California Sur, Jalisco and Yucatan. Although he did not offer further details, it was said that the hotel sector will be one that will benefit the most from this investment, according to El Economista.

The data used in this article was sourced from:  
MBN, Inmobiliare, El Economista, WTTC
Photo by:   Michelleraponi
Lorenzo Núñez Lorenzo Núñez Junior Journalist & Industry Analyst