Baja California Sur and Quintana Roo concentrate more than 66% of tourism investment

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During the first three quarters of the year, Mexico captured 2,276.6 million dollars of FDI; The podium was completed by Nayarit.

Baja California Sur and Quintana Roo were the entities with the greatest foreign capital directed to the tourism branch, being the national pillars of this sector.

According to data from the Ministry of Economy, Mexico captured 2,276.6 million dollars of Foreign Direct Tourism Investment (FIDI) in the first three quarters of this year.

While the entities with the highest FDI in the reference period were Baja California Sur, with 834.6 million dollars, and Quintana Roo, with 675.6 million; Together, these two states concentrated 66.3% of the total amount.

The podium was completed by Nayarit by accumulating 231.3 million dollars of foreign tourism investment.

In total, 17 of the country’s 32 entities registered FDI between January and September 2023; The states that presented flows of less than 2 million dollars, that is, the lowest in the national territory, were Chihuahua, Veracruz, Colima, Guanajuato and Tamaulipas.

For their part, two states stand out for their current situation. The first is Tabasco, one of the most dynamic state economies in Mexico, but which showed an outflow of tourist capital (0.4 million dollars).

The second case is Guerrero, devastated by Hurricane Otis, which ranked eleventh in attracting foreign tourism investment with 8.1 million dollars.

Projections

One of the positive news is Quintana Roo’s second national place in FDI registration as it has the destinations with the greatest economic impact.

Given this, Bernardo Cueto Riestra, Secretary of Tourism of Quintana Roo, assured that during the current administration the entity has become a recipient of important hotel investments, already managing to exceed 130,000 rooms and with a view to closing in 2023 around 135,000.

This is justified by the fact that important investments are under construction, among which the Grand Island stands out, a 3,000-room property at kilometer 16 of the Cancun hotel zone, in addition to recent openings such as the Impression Isla Mujeres by Secrets, by 125 rooms.

In addition to the hotel growth, the regional leader of the Mexican Association of Real Estate Professionals, Miguel Ángel Lemus, assured that an important wave of investments in the construction of housing for vacation rentals type Airbnb is coming to Quintana Roo, since there are around 590 real estate projects in development throughout the state, mainly in Tulum, Solidaridad and Cancún.

This information corresponds to the recent report from the Tourism Research and Competitiveness Center of the Anáhuac University (Cicotur), according to which there are 23,000 units for rent that are offered only on two platforms (Airbnb and Vrbo) in Cancún, Playa del Carmen and Cozumel.

Francisco Madrid, director of Cicotur, said that if the rest of the platforms are taken into account, the figure could double, although in the short term said data will move rapidly, since vacation rentals are a global trend in both beach destinations and cities.

Source: El Economista