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Its official: Mexican Tourism industry is stronger than the oil industry

Its official: Mexican Tourism industry is stronger than the oil industry

Acapulco beach, one of the main tourist destinations in the country. Photo: aneese/123RF

The tourism sector in Mexico benefited from the volatility and depreciation of the exchange rate, the outcome of the 2016 electoral process in the United States, and the international uncertainty that negatively impacted other sectors of the economy according to Teresa Solis Trejo, Deputy Director of Planning and Tourism Policies of the Ministry of Tourism.

Tourism sector in Mexico represents 8.7% of the country’s Gross Domestic Product (GDP), a figure exceeding the contribution of oil industry, which amounts to 7%.

“The tourism sector is an industry that, thanks to its size and performance in recent years, is becoming one of the driving forces of the national economy,” the federal official said.

Source: tourism-review.com//Hospitality Net

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