recent government decisions have put the country's tourism attractiveness at risk. Private investors call for continuity and clarity in the way…
Analysis
Year after year, more people are seduced by Mexico's breathtaking destinations thanks to strong promotion efforts.
Pablo Azcárraga
View from the Top
Pablo Azcárraga
President
National Tourism Business Council (CNET)
CNET is made up of 13 national chambers and associations of of private institutitons that represent the entire tourism sector.
BF 2018
News Article
Mexico Business Forum 2018: Evolving Beyond Mere Fun in Acapulco panel highlights
John McCarthy
Roundtable
John McCarthy
Founding Partner and Principal
Leisure Partners

Leisure is part of IADG, a conglomerate that seeks to expand a hotel franchise into Central America and a part of Mexico. Being part of this group and partnering with Grupo Portales gives us the ability to develop our franchise. We have committed to develop 10 hotels in Central America and part of the Yucatan Peninsula within the next five years. Expanding into a market where it is much less expensive to build is an exciting opportunity. A resort usually costs about US$100 million while the ones planned in this project require between US$6-8 million each. The idea is to find local partners that are willing to provide land and equity. Most of the supplies will come from Mexico and we plan to use financial institutions like the World Bank as one of our capital sources. All these projects will be challenging but this market certainly presents many areas of opportunity.

MISR asked the main players in the tourism industry about the main challenges the industry faces and how it overcomes them.
Pablo Azcárraga
View from the Top
Pablo Azcárraga
Chairman Of The Board
Grupo Posadas
Grupo Posadas is the largest Mexican hotel company and one of the largest in Latin America
54% of tourism construction in Mexico correponds to luxury developments, with over 10,700 rooms being developed
Analysis
According to AMDETUR, luxury tourism is the country’s largest area of opportunity in Mexico.
Pablo Azcárraga
View from the Top
Pablo Azcárraga
President
National Tourism Business Council (CNET)
The National Tourism Business Council (CNET) represents 96 percent of tourism activities in Mexico through 11 chambers of commerce.
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