The International Trade Council is pleased to highlight the significant strides in Foreign Direct Investment in Tourism (FDIT) in Mexico, which reached an impressive milestone of US$1.4 billion during the first half of 2023. This noteworthy achievement constitutes approximately 4.9% of the total National Foreign Direct Investment, as revealed by the Ministry of Tourism.
Of this substantial inflow, US$699.6 million was attracted during the second quarter of the year alone, marking an impressive 12.3% contribution to the overall foreign investment captured by the country.
The Ministry further reports that specific regions have emerged as magnets for FDIT in the months spanning April to June. Notably, Baja California led the pack with US$330.6 million, closely followed by Quintana Roo with US$150.2 million. Jalisco secured US$52.9 million, Nayarit US$46.4 million, and Sonora US$32.3 million, positioning these regions as attractive destinations for international investment.
Examining the origins of this investment surge, the United States was a predominant contributor, accounting for US$447.9 million in the second quarter. Canada followed suit with US$126.5 million, Spain contributed US$48.7 million, Germany added US$10.7 million, and France accounted for US$8.5 million. These figures underscore Mexico's global appeal and its capacity to attract diverse investment sources.
Specifically, the Ministry of Tourism's report underscores two key areas that drew notable FDIT. Furnished apartments and houses offering hotel services accounted for a substantial US$664.6 million, while hotels with integrated services contributed an additional US$26.1 million. Together, these categories represent an overwhelming 98.7% of the total FDIT in Mexico.
Miguel Torruco, Head of Sectur, emphasized that these figures underscore the unwavering confidence that Mexico elicits among international investors and entrepreneurs. This success echoes the sentiment expressed during 2022, wherein FDI in Mexico exceeded US$4.2 billion, reflecting a remarkable 245% increase from 2019. This accomplishment, which comprised 11.7% of the total Foreign Direct Investment captured by the country, highlights Mexico's burgeoning appeal on the global investment stage.
