Recent reports from SECTUR, Mexico’s Federal Ministry of Tourism, state that $2.8 billion US dollars were invested in Mexico tourism in the first four months of 2008.  This is great news in the wake of the problematic US economy and credit crunch.  The Southern Baja brought in about $305 million of the total.  The most popular tourism region was the state of Nayarit, where Nuevo Vallarta is located. 

SECTUR exceeded expectations for the first half of 2008, which is great news for the Mexican economy.  They recently submitted investment requests for seven different beach tourism destinations including Loreto and Cabo.  These investments would help with the costs for urban works and wastewater treatment facilities.  In the first quarter of 08 about half of the private investment came from Spain and the Us while the other half was raised from national capital.

All indicators suggest we are on target to weathering the US storms!

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