Mexico attracts 469 million dollars of foreign investment

Mexico attracted 469 million dollars of Foreign Direct Tourism Investment (FIDI) during the first three months, which represented the equivalent of 2.3% of the total FDI that the country attracted.

In addition, the figure was 24% higher than what was recorded in the first quarter of 2019 when 378.9 million dollars were reported.

According to data from the Ministry of Tourism (Sectur), it was the category of apartments and houses furnished with hotel services that captured the largest volume of resources with 265.7 million dollars or the equivalent of 56.6% of the total. It was followed by scheduled air transport on national airlines with 82 million dollars or 17.5% of the FDI.

Hotels with other integrated services captured 63.4 million dollars, 13.5% of the total. While the administration of airports and heliports obtained 51.9 million dollars, representing 11.1%, while in the organization of excursions and tourist packages for travel agencies, it was 6.3 million dollars, 1.3% of the total.

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Baja California Sur was the entity with the greatest attraction of IEDT with 161.3 million dollars or 34.4% of the total. It was followed by Mexico City, which accounted for 30.8% of the total or the equivalent of 144 million dollars. While Quintana Roo achieved 74 million, 15.8% of the total. Other relevant states were Yucatán and Jalisco with 29.5 million dollars and 22.6 million dollars, respectively.

The largest volume of FDI came from the United States, which is also the main source market for tourists to the country, with 287.9 ​​million dollars. The American Union represented 61.4% of the total capital injection. France and Spain followed with 53.2 million dollars and 45.9 million dollars, respectively, and a share of 11.3 and 9.8%. While Canada invested 33.5 million dollars or 7.1% of the total. For its part, Germany made a contribution of 3.1 million dollars, which represented only 0.7% of FDI.

In 2023, Mexico reported 2,560 million FDI, 5.3% of the total investment registered for the country.

Global leader

Last year, UN Tourism ranked Mexico as the sixth country that received the most Foreign Direct Investment in Tourism (FIDT) between 2018 and 2022, only behind nations such as the United States, the United Kingdom, Spain, Germany and the United Arab Emirates. In that period, the country counted 105 projects and was above France, China, Portugal and Japan.

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