Foreign investment in tourism experienced a decline in the first quarter, according to Mexico’s tourism secretariat. In total, $469 million was invested during this period. Baja California Sur emerged as the leading state, receiving $161 million, which accounts for 34.4 percent of the total investment. Following closely were Mexico City with 30.8 percent and Quintana Roo with 15.8 percent.
The majority of the investment, around 56.6 percent, was directed towards apartments and homes providing lodging services. Despite the significant figures, the total amount represented a 37 percent decrease compared to the previous year’s investments in the same period.
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The decline in foreign investment raises questions about the factors contributing to this downturn. Economic fluctuations, changes in government policies, and global uncertainties might have influenced investor confidence in the tourism sector. However, despite the challenges, Baja California Sur continues to attract substantial investments, indicating the region’s enduring appeal and potential for growth in the tourism industry.
