FDI in Mexico tourism reaches record levels in 2022

Wednesday, March 1, 2023

Foreign direct investment (FDI) in Mexico’s tourism sector touched the record levels last year, amounting to US $3.4 billion, said Miguel Torruco Marqués, Mexico’s Tourism Minister.

2022’s figure surpasses the 2019 FDI in the tourism segment, prior to the beginning of the COVID-19 pandemic. That time, the recorded amount was $1.1 billion. It also outdoes Mexico’s earlier record of $1.6 billion in 2017.

Torruco stated that the growth displays the sureness that Mexico presents to global investors and entrepreneurs, who fund to reinforce the tourist set-up of various places in Mexico.

This sparks off the financial flow and per capita expenditure of tourists, so that the profits pervade communities, in accordance with President Andrés Manuel López Obrador’s directive to make tourism an instrument of social awareness.

Throughout the fourth quarter of last year, FDI in the tourism segment reached $187.1 million, dropping from the earlier three quarters of 2022. During the first quarter of last year, a record-setting $2.6 billion was recorded in FDI in the tourism division owing to unexpected FDI activities connected to the rearrangement of the airline Aeroméxico as it recovered from liquidation.

Last year, the tourism segment signified 9.8% of total FDI in Mexico, leading to a combined surge of 12% compared to 2021. In 2022, overall FDI in Mexico witnessed its uppermost level since 2015.

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