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Hotel industry captures over 75 percent of Mexico’s investment opportunities

Mexico City, Mexico — The hotel industry captures over 75 percent of investment opportunities across Mexico. Miguel Torruco, the Secretary of Tourism reported that of the 215 billion peso invested in 521 tourism projects last year, 75.5 percent corresponds to the construction of new hotels.

Torruco revealed the figures in Mexico City on March 9, during the country’s Hospitality Day. He said that hotel investments have generated 115,201 direct and indirect jobs. He added that the states where hotel construction is most concentrated are Nayarit, Mexico City, Baja California Sur, Yucatan, Guerrero and Quintana Roo.

Torruco says Mexico’s hotel industry represents 28.7 percent of the Tourism GDP and generates 9 percent of the travel industry and says that each hotel room generates between 1.5 and three jobs.

He acknowledged that the hotel industry, like the entire tourism sector, is going through difficult times after the pandemic, but even so, he stressed that hotel investment has not stopped.

In 2020, the private initiative built 17,704 new hotels reaching 854,000 rooms in 24,700 establishments, placing Mexico in seventh position worldwide in hotel infrastructure.

During 2021, the tourism industry captured 4.1 percent of the total Foreign Direct Investment in Mexico, making the hotel industry the backbone of tourism.