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The Role of Tourism in Mexico - Term Paper Example

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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…
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The Role of Tourism in Mexico
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The Role of Tourism in Mexico

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
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