Some of the world’s most respected businesses and news organizations have noticed that Mexico is making a name for itself on the world stage,emerging as a global leader in tourism and as one of the smartest places to invest.
But don’t just take our word for it – here’s what the big guys have been saying about Mexico:
According to President Felipe Calderon,Mexico is prepared to meet the varied needs of its seniors,which is good news for those considering retiring south of the border. This includes extending healthcare to all citizens. “We are about to reach universal health care coverage,which means there will be doctors,medicine and treatment for every Mexican who needs it,” he shared.
According to the AARP,Mexico’s countless real estate bargains,fabulous beaches and close proximity to the US have also made it a favorite choice for American retirees.
Tulum was recognized for its Eco-chic Amansala Resort,which is located on the Riviera Maya close to some of the world’s most amazing ancient Mayan ruins and just two hours south of Cancun. The resort has been known to play host to celebrities from time to time,thanks to Tulum’s growing status as a destination for A-listers looking for a quiet place to get away from it all. Famous actors and musicians enjoy a level of anonymity here that can be hard to attain in many other areas of the world.
Four of the eight beaches chosen hail right from Mexico’s stunning Riviera Maya,and number one on the list is Tulum. Once again,this ancient walled city has impressed some of the world’s toughest judges,with its talcum powder white sands and crystal clear water. Tulum is followed by Akumal Bay,Cozumel,and Isla Mujueres.
Mexico is expected to receive at least $20 billion in additional foreign investment dollars,securing its position as the second-largest economy in Latin America. Mexico also boasts a 25% lower manufacturing cost than the US,and is outdoing other countries in producing more engineers,making a variety of new trade pacts with other South American countries.
Visitor numbers will rise at least 10% from 2011,boosted by tourists drawn to Palenque,Chichen Itza and other archaeological sites. Mexico is investing almost $10 million to promote destinations and new tourism routes in five Maya states,where tourism officials expect visitors to total at least 52 million people in 2012.
Cancun has remained “unscathed,” from negative press,hosting millions of Americans each year,many of which come for spring break,when the entire town turns into a non-stop party for a few weeks. In fact,Mexico as a whole remains the number one tourist destination for Americans,with upwards of 20 million US visitors each year,according to a recent survey by the world’s largest travel agencies. It’s as if the entire populations of New York City,Los Angeles,Houston,Philadelphia and Phoenix all went to Mexico for vacation each year.
As the global economy strengthens,international travel is no longer as far-fetched as it was a few years ago and Mexico has been named the top destination for this summer by travel expert Mark Murphy.
It’s easy to see how this gem of a city accounts for nearly one-third of Mexico’s annual tourist revenue,but Cancun is more than just a typical resort town. Beneath its impressive modern veneer,visitors will also find a taste of old Mexico,including the lush jungle,vibrant culture and scrumptious local fare that has made the Yucatan famous.
“Mexico is always one of the top choices for retirees because it’s inexpensive,beautiful,the winters are warm – and it’s close to the U.S.,a nice convenience for visiting families and friends. The fact that it’s popular is in itself a selling point – there are at least 50,000 Americans and Canadians living there right now.”
“The appeal of Puerto Vallarta is that it’s friendly with a nice small-town feel… Like the U.S. in the 1950s,with big plazas where people hang out. It’s also worth noting that it’s a very safe city,located far away from the crime in Mexico that is rampant along the U.S. border.”
According to Jim Cramer,co-founder of TheStreet.com,a past manager of large hedge funds and current host of Mad Money on CNBC,it is profitable to invest in Mexico real estate and the drug wars do not effect most of the country.
“I have always felt strongly about diversifying investments,and Mexico is an ideal market. More so than the U.S. or Canada,Mexico is a top real estate investment choice for those looking for double digit return potentials.”
“Mexico is a big country and not every state is involved in the drug trade. The majority of residents and communities in this country never see any of it. This is true for local Mexicans who live in non-expat communities as much as for the expats who have made Mexico their home.”
For more than two decades,Mexico has remained the top foreign destination for US travelers,a trend that shows no signs of slowing down. The article was prompted in part by social media outlets like Facebook and Twitter,which have been flooded with updates about spring break and family vacation plans centered around travel to Mexico,which bolsters the country’s expectations for a good year of tourism.
In 1990 more than 16 million US residents visited Mexico,and that number hit an impressive 20 million in 2010,according to the most recent data from the US department of Commerce’s Office of Travel and Tourism. In 2012 the Mexico Tourism Board is expecting at least 52 million visitors to head down to the southeastern part of the country,including a growing number of visitors from emerging markets like Brazil,Russia and China.
While there are security concerns in certain areas of the country,particularly in the north,travel to traditional tourist destinations along the Riviera Maya remain safe.
In an article for Lonely Planet,CNN travel expert Robert Reid listed a number of excellent reasons to put a vacation to Mexico at the top of your summer wish list. Reid stresses the safety of areas like the Yucatan Peninsula,Baja,San Miguel de Allende and Mexico City,where crime rates remain very low even by US standards.
“Each year,Condé Nast Traveler Magazine presents its list of best hotels and resorts from all around the world in its prestigious Gold List. The country of Mexico has a staggering 33 properties on the list this year – the most ever for Mexico and more than one-third the total in the Americas.”
“This only strengthens our respective positions,” Delta CEO Richard Anderson told the Wall Street Journal. “The Mexican economy is doing quite well. With Delta trimming flights to Europe,expansion in Mexico and South America offers one of the best opportunities in the world.”
“Historically Mexico has been a popular destination among Expedia consumers,and we saw that trend continue as travel bookings to Cancun and the Riviera Maya grew by 32% in the second quarter of 2011 over the previous year. International demand has risen among travelers from Europe,Asia and Latin America,which has experienced growth rates from 75% to 270% since 2010”
“Mexico remains a favorite destination for our travelers worldwide,with more than 1.5 million people booking travel to Mexico using Expedia websites in the last year. Bookings made on Expedia to Mexico grew more than 30 percent year over year in the second quarter of 2011 and Expedia’s commitment to Mexico has also grown.”
The Cabo Azul Resort,which is located in Cabo San Lucas,was named one of the top resorts on the 2011 Expedia Insider’s Select list,which recognizes some of the best hotels around the world.
“Expedia recently reported that travel bookings made to Mexico from its various brands,such as Hotels.com,was up nearly 25 percent. Visa also noted that the amount spent on its credit cards by inbound visitors had increased $4 billion in 2009 to $4.4 billion in 2010. Visa described Mexico as being a ‘sought after destination.’”
“Asian investment in auto and other manufacturing in Mexican industrial cities has greatly expanded the middle class. A second gold rush in under way.”
“Mexico’s tourism ministry reports a record 190 million domestic and international visitors toured the country’s attractions in 2011,an increase of 3.7 percent from 2010.”
Cancun’s “low prices,flowing drinks and sunny,80-degree weather,” are responsible for the city’s popularity,long with the large number of affordable flights. In addition,“the region is relatively free of violence,” and visitors will find familiar brands while shopping in Cancun,including Coldstone Creamery,United Colors of Benetton,Blockbuster,and many more.
“This part of the Yucatan Peninsula,south of Cancun,is very easy to get to and has everything you could want in a vacation destination,including some things you will find no place else on earth – endless beaches,ancient Mayan ruins (entire cities!!),and incredible watersports with world class fishing,world class diving and the world’s second largest coral reef.”
“There are the unique freshwater cenotes inland,jungle adventures,eco adventures,a collection of great golf courses,and a slate of truly unique interactive theme parks. The towns,from Playa del Carmen to smaller oceanfront villages,are charming,and all over the region is great food,great drink,and a plethora of lodging options.”
“Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture,increasingly dominated by the private sector. Recent administrations have expanded competition in seaports,railroads,telecommunications,electricity generation,natural gas distribution,and airports.”
The 2012 list of billionaires,which has been published annually by Forbes magazine for 25 years,includes 11 Mexican citizens: Carlos Slim,#1; Ricardo Salinas Pliego,#37; Alberto Bailleres,#38; German Larea Motta Velasco,#48; Jeronimo Arango,#276; Emilio Azcarraga Jean,#634; Roberto Gonzalez Barrera,#683; Carlos Hank Rhon,#913; Roberto Hernandez Ramirez,#960; Joaquin Guzman Loera,#1153; Alfredo Harp Helo,Tied at #1153.
Each year Frommer’s compiles a list of the world’s top vacation destinations,which are graded for their offerings,luxury and affordability. Frommer’s picked Mexico’s Yucatan Peninsula this year because of all that it offers,including gorgeous beaches,fabulous cuisine,cultural festivities and access to many different kinds of exotic wildlife.
Frommer’s just named Al Cielo #1 of the top ten beachfront destinations in the entire world,thanks to its totally unique,rustic,yet luxurious experience.
“We are in a privileged position in a great industry and a great market. Latin America is Google's fastest-growing region – more than China,more than any other region in the world. And Mexico is a big contributor to Google's overall growth strategy. We are almost at 40 million Internet users and growing strong.”
Located on the Yucatan Peninsula,Merida received this designation thanks to the excellent access to health care and low cost of living that can be found here. According to the Global Retirement Index,a typical American couple can expect to pay around $1,700 per month to live in Merida and enjoy the unique colonial charm of this beautiful tropical destination. Situated just 22 miles inland,Merida has a distinct European vibe,thanks in part to a variety of interesting Old World architecture and a diverse population.
“Mexico’s economy is well-placed to withstand shocks. Given a credit resilience that is comparable to that of higher-rated sovereigns,Mexico is considered to be one of the countries better positioned to confront an adverse global macroeconomic environment within the BAA category.”Tourism Up in Mexico,Attracts Non-US Visitors
“Last year 22.67 million travelers visited Mexico,breaking the record set in 2008. The United States was the source of the largest number of visitors,but the increase was also driven by travelers from other countries.”
Tulum is “a destination so popular with the fashion crowd at this time of year that it almost feels like Fashion Week.”
“It was Cancun’s “warm climates and adventure activities,” that made it the number one choice for international travelers in 2011.
Over the years,Mexico has attracted many global investors thanks to its unusual identity as both a leader among emerging markets and a member of a huge trading bloc. Mexico holds zero debt with the IMF and has a credit line of over 70 billion US. Although Mexico is still considered an emerging market,it has exemplified substantial financial growth and fiscal responsibility to which the IMF holds its standards for inclusion in policy decision making positions.
Last month a report from Reuters highlights the Top 10 Travel Destinations for spring this year,which were chosen by online travel adviser Travel Ticker. Mexico’s stunning Riviera Maya made number seven on this year’s list,thanks to the excellent value,fabulous beaches and unique list of outdoor activities this vacation hotspot provides.
Mexico's economy has expanded by around 3.7% so far during the second half of this year,proving that it has continued to recover from the global economic downturn.
The August issue of Travel & Leisure Magazine has announced the winners of its annual reader survey “World’s Best Hotels.” Winners in Mexico for the World's Best 2011 Hotels include the One & Only Palmilla,Esperanza and Las Ventanas in Cabo San Lucas,the Ritz Carlton,Excellence Riviera Cancun and Maroma Resort in the Riviera Maya and the Four Seasons Hotel Mexico in Mexico City.
Travelocity published a list of the Top Ten New Year’s Eve Destinations,with Cancun as the #3 choice and the only international destination to make the list. With average airfare prices at around $550 and an average daily rate of $300,Cancun offers one of the most affordable and accessible options on the list,which was published online by The Wall Street Journal Market Watch.
Cancun,Mexico,has reached the number two spot on this exclusive list,and it is really not hard to see why. With one of the region’s busiest international airports,Cancun is the gateway to the Riviera Maya and the many resorts that line the magnificent white sandy beaches located throughout the region. With a wide variety of accommodations to suit any vacationer’s budget,Cancun will not disappoint.
“Cancun,Puerto Vallarta and Riviera Maya are perennially popular Mexican vacation spots and a natural draw for Hard Rock patrons.”
“Mexico remained the most visited country in the world for U.S.-originating travelers in 2011,being the destination for a third of the 58 million Americans who traveled outside the country last year,according to the latest Commerce Department data.”
Being selected for a Magellan is a huge accomplishment and it demonstrates a high level of excellence in the tourism industry. For the second year in a row,the Hacienda Tres Ríos Resort,Spa & Nature Park Riviera Maya,which is a renowned ecotourism complex,received a Gold Magellan Award in the “Green Hotel” category,as well as a Silver Magellan Award for “Room Design.”
98 percent of those who had visited Mexico indicated that they would return to Mexico on a future trip. Mexico uses a variety of surveys each year,and the results for 2010 showed a 98 percent return rate among visitors. The surveys also showed that 99 percent of the visitors surveyed last year would recommend Mexico to family and friends.
Puerto Vallarta,Mexico,has been named on TripAdvisor’s 2011 list of the world’s top 25 travel destinations. Infused with a real cosmopolitan vibe,Puerto Vallarta lies at the foothills of the Sierra Madre mountain range and has a newly restored historic center that is home to a thriving arts and cultural scene.
“Cancun is one of the top five long-haul leisure destinations for UK travelers,so we are delighted to be able to add this route to network,” stated Sir Richard Branson president of Virgin Atlantic. “We are so pleased to be launching flights to Cancun next year. Many customers have asked us to fly direct to this exciting destination over the years. With its superb beaches,great hotels and cultural sites,tourism in Cancun is thriving. We believe that we can drive demand ever higher by providing great competition to our rivals with our award-winning product and service.”
“It's a chance to show the world that Mexico is able to have a fashion night rivaling the best that other cities in the world can muster,” said Vogue Editor in Chief Eva Hughes.
A great statistic for investment properties and real estate in Mexico,According to the Wall Street Journal,the country has shattered all tourism records by welcoming 22.67 million international visitors last year,breaking a record set in 2008 – which was historically Mexico’s best year ever for international tourism.
Private investment in the country’s tourism projects has risen 127%,hitting $903 million during the first three months of 2011 alone,compared to the same period in 2010. Since 2006 when President Felipe Calderon took office,Mexico has already secured more than $14 billion in tourism investment dollars.
Much of the new investment money will be dedicated to building new lodging and accommodations,while the rest will be dedicated to supporting and developing new real estate opportunities,as well as food and beverage services.
Mexico offers what International Living describes as best-value real estate. You can find a nice home for $167,000 in places like Tulum,on the country’s Caribbean coast. You can get by speaking English in many parts of the country,and it’s plenty easy to integrate into Mexico.
IMF: Mexican Financial System Well Positioned to Handle Shocks
Mexico’s banking system is well capitalized and positioned to deal with severe shocks after proving resilient during the 2008-2009 global financial crisis. In general,Mexican banks are profitable and well capitalized.
Mexico’s economy is continuing to impress investors from around the world,drawing interest from a variety of sectors.
Fall travel bookings to Cancun in 2011 were on the rise compared with the same period in 2010,according to a recent survey by international travel agent group Travel Leaders that was reported on by the
In addition,Mexico was named one of the most favorable places to invest by Pimco’s founder Bill Gross,according to the Wall Street Journal.
“We prefer the ‘cleaner’ dirty shirt countries of Cananda,Australia,Mexico and Brazil,where higher yields and more pristine balance sheets prevail,” he shared.