In the more recent past, it has moved to various positions in consideration to its contribution to the economy. Currently standing as the third largest revenue contributor to the government, its role is invincible in…
Download file to see previous pages...
In a candid statement, Ruiz states that the industry can additionally add a point to its current standing a factor likely to place it as the second biggest revenue contributor in Mexico. In the last year, the industry minted 12.7 billion dollars in foreign exchange. This is according to JP Morgan and Company report. As things stand now, the industry trails the oil and manufacturing industry. The Latin’s America second best performing economy registered a record of twenty four million visits in the past year (Mente 23-25).
This statistic is 2.6 percent increase in comparison to the number of visits registered in the past one year. Reports from the World Tourism Organization indicate that the worldwide visits of tourists have just clocked the 1 billion mark. An increase of 4.1% has been registered in what is commonly referred to as international visits abroad. Similarly, arrivals to the advanced economies rose by 3.6% as the World Tourism report indicate. The role of tourism in the Mexican economy reaches far and wide. It boosts investment levels, creates jobs, and increases potential earnings. Reports additionally indicate that it creates one employment opportunity out of every eleven.
The benefits of the industry are far reaching to the Mexican economy because it not only provides employment opportunities but also spurs the development of the surrounding region. The industry in the same line disseminates vital information relating to the nation’s natural and cultural attraction. The advantage emanates from the various options that the country offers to its visitors. The most notable include the pre Columbian civilization heritage and the inclusion of archeological sites as vital symbols of the countries identity. On top of these, the country is endowed with various beaches and an integration of millenary traditions within its major cities. Historical elements
...Download file to see next pagesRead More
Gulf of Mexico lies to the east and Belize, Guatemala, and the Caribbean Sea to the south east. HISTORY Colonial Rule. There were sundry civilizations like the Mayas, the Olmecs, and the Toltecs followed by the wealthy Aztecs in the history of Mexico. The Aztec era is a checker point in the history of Mexico because these wealthy ethnic groups of Central Mexico were invaded by Spain in 1521 under Hernan Cortes.
A recent travel and tour survey conducted by the WTTC also ranked Mexico as the second largest tourist destination in the Americas with 32.6 million estimated arrivals for the year 2011 with a total spending of $ 13.3 billion indicating a 3.4 % rise. Historic artifacts include the Meso-American ruins, beach resorts, and colonial cities.
For example, the life style and spending capacity of a domestic tourist belonging to a middle income group would be different from that of a foreign tourist belonging to the high income group; who might have come to the country for business purposes. Hence the foreign tourist could be a status seeker where as the domestic tourist could be an outdoor enthusiast.
In this paper, I have discussed what the problems are and what counter measures can be taken. If all goes well in the tourism industry, the Malagasy economy will reap benefits by materializing the gains from its sustainable tourism industry.
Madagascar has been identified as an ecotourism spot for the world.
All products and services are sold to the tourists as an all-inclusive package.
The travel and tourism industry, since World War II, has progressed. The major factors that have resulted in the development and socio-economic conditions of the industry are varied. Obviously, a
For an example the citizens of Israel cannot enter Malaysia, to the most of the other countries the visa is given for thirty to sixty days1 One of the most important questions for the tourism industry is to find out why
The billions of dollars that may be earned and the capacity of the businessmen to build the infrastructure to make it happen both contribute to the attractiveness of the industry.
However, there is a corresponding impact, one that
Aztec, Olmec, Toltec, and Mayan groups were the first human inhabitants of Mexico. They have culture, norms, social standards, and traditions that were unique to their groups and free from any European influence until when Hernan Cortes invaded and made their territories as the colony of Spain for about 300 years.
The paper is focused on international strategy with respect to the sea change that global automobile industry, especially that in Mexico and Canada is undergoing at present. In the case, it was gathered that in past three decades Canada’s
7 Pages(1750 words)Case Study
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Term Paper on topic The Role of Tourism in Mexico for FREE!