Sales Drop by 20% in Downtown Playa del Carmen

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Álvaro Solis, the representative of downtown Playa del Carmen merchants, mentioned that compared to the summer vacation period of 2023, sales have plummeted by 20%.

From his perspective, one of the factors negatively affecting commercial sales is vacation rentals because they make the tourist destination cheaper.

Another situation that harms merchants is general inflation and the exchange rate of the US dollar with the Mexican peso, which affects foreign consumption as they spend more money to buy local products.

In addition to these factors, Álvaro Solís attributes the reduction in sales to politics, as the upcoming change in the federal government affects investments in Mexico. Moreover, there is uncertainty due to the elections in the United States, which affects their travelers.

Source: Quadratin