Wednesday, February 2, 2011

InterContinental Hotels to invest $500 mn in Mexico

InterContinental Hotels Group will invest $500 million in Mexico over the next three years, the office of Mexican President Felipe Calderon said.

Calderon met Sunday with IHG's president for the Americas, Jim Abrahamson, who informed him of the decision taken to make this new investment.

The new investment "will translate into a projected 47 hotels with a total of 5,000 rooms," according to information released by the Mexican government.

At the meeting between Calderon and Abrahamson, "they exchanged points of view on the tourism industry and Mexico's great potential to figure among the world's top five tourist destinations, while also discussing the tourism industry's impact on creating jobs and growing the nation's economy."

The Calderon administration has declared 2011 to be the Year of Tourism in Mexico.

During last month's FITUR tourism fair in Madrid, Mexican Tourism Secretary Gloria Guevara said that, despite the violence spread by organized crime, visits to Mexico have increased and "investments have as well."
Citing preliminary figures, she said that more than 22 million people visited Mexico last year, matching the record set in 2008.

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