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Tourism activity in Mexico increased 2.2% in late 2014

Tourism has become Mexico’s third-largest source of hard currency.

Tourism has become Mexico’s third-largest source of hard currency.

Mexico City.- The National Institute for Geography and Statistics, or Inegi, said that Tourism activity in Mexico increased by 2.2 percent in the fourth quarter of 2014 compared with the same period of the previous year.

Spending by domestic and foreign tourists was up 2 percent over the comparable span of 2013, Inegi said in a statement. Outlays by domestic travelers increased 0.7 percent, while foreign visitors spent 6.6 percent more, the report said.

The 29.1 million foreign visitors Mexico received last year generated revenues of nearly $16.26 billion, a 20.5 percent increase over 2013.

Tourism has become Mexico’s third-largest source of hard currency, after oil exports and remittances from expats working in the United States.

Source: Latin American Herald Tribune

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