28 May 2008 262 views No Comment

Mexico’s Tourism ministry predicted that $1.6 billion in public and private investment will be spent on tourism over the next 5 years, with $108 million to be contributed by the Mexican government. The government plans to build three new airports and renovate 292 roads that lead to tourist destinations.

With tourism accounting for 4.9 percent of Mexico’s trillion dollar economy, $20 million doesn’t seem like much of an investment. That accounts for about $1 per tourist. You can’t make much of an impact with a budget of $20 million.

The increase in airports will be a good thing for the real estate market. If flying into a location is more accessible, the local home values will increase as a result.

Source: Mexico set to invest for visitors