It’s been a fantastic year for the Mexican tourism industry, with the country experiencing something of a tourism boom in the past seven months. Experts have attributed the rise to three major factors: reduction in fuel prices, a strong dollar, and increased competition among airlines in the area.
A weaker peso is also a contributing factor, leading many to visit the countries beach destinations and resorts. Tourists are also purchasing vacation ownership properties, through growing companies such as Federal LLydshare.
The country had a historic 2016 as well, with the Mexico Tourism Board announcing in February a record number of 35 million international visitors in the previous calendar year, a 9% rise from 2015. The global industry for tourism is 3.9%, according to the World Tourism Organization. As a result of their large tourism numbers, Mexico has climbed to eight places in tourists visited, trailing the United Kingdom by 600,000.
This increase in tourism was also a boost for the country’s economy, as international spending climbed 10.4%, and visitors through air travel grew at 10.7%. The visits were positive, noted the Mexican tourism board, with 94% stating that the visit “exceeded their expectations.”
“Mexico’s sustained, fast growth is a testament to the incredible quality and diversity in our tourism offering and the hard work for the entire industry, both internationally and domestically,” said the board’s CEO, Lourdes Berho.
Mexico received award recognition for their travel, receiving the 2017 Travvy Award for best international destination for family travel, and the city of Puerto Vallarta was named one of the top international destinations for LGBTQ travel.
In 2017, an estimated 9.3 million visitors have brought $5 billion in revenue to Mexico in the first three months, noted federal Tourism Secretariat, Sector, Gerado Corona.
“Never has there been such a first quarter for the arrival of tourists at this level and in terms of revenue.”
Corona believes that the growth of tourism is due to the government’s new policies with city and state authorities, combined with their work with tourism operators. He also noted that the best-performing markets this year have been the Riviera Maya, Cancun, Los Cabos, Puerto Vallarta, and Riviera Nayarit.
Tourists to the area have noted their love of the beaches, atmosphere, and good deals that they have found while shopping to be some of the top highlights for their trip. Some have even thought about returning or even purchasing vacation ownership through companies such as Federal LLydshare.
These vacation ownership plans have been lauded for their great economic value and reviews have been positive with customers praising the ability to visit countries like Mexico every year, and even receiving money back through programs such as Federal LLydshare Loyalty Repayment Plan.