Playa Del Carmen, Mexico (PressExposure) December 07, 2010 -- Along with the extremely low projected deficit, one of the key highlights of the recently released 2011 Federal Budget for Mexico was the increase in tourism investment for next year. Playa del Carmen real estate, which is a market closely tied to the tourism industry, is poised to benefit greatly from increased spending in this area.
The President of the Tourism Committee, Carlos Joaquín welcomed the approval of the Mexican Federal Budget for 2011, which assigns a historical amount for tourism, an overall increase of 24% for 2010, for a total equivalent to almost 5 billion pesos (a bit more than 400 million USD).
Joaquín stressed that this achievement will see their results in particular in the quality of life for areals like Quintana Roo, home to Cancun, Playa del Carmen and Tulum, where the lifestyle is largely defined by tourism infrastructure and services. Quintana Roo tops the list of all Mexican states, with an allocation of 110 million pesos (about 9 million USD).
The increase in tourism investment is geared towards drawing more tourists; this benefitsPlaya del Carmen condo investors, whose income is generated through vacation rentals. The general increase in tourism and expansion of tourism investment and infrastructure points to increased services for allPlaya del Carmen property owners, providing benefits in lifestyle, in addition to investment.
Of the 5 billion pesos, 680,000 pesos (about 60,000 USD) have been assigned specifically to state and municipal tourism programs which have been approved by the Federal government. This investment is also going to receive support from heavy infrastructure investment in new highways, an area which is currently a strong point in Mexico.
Judging by recent performance and the economic and lifestyle benefits of tourism investment fromt the various levels of government, the Committee is expecting to see even better results in tourist-oriented areas such as Playa del Carmen, with this historically high level of investment from the federal government. The investment benefits both the expat population with increased services and infrastructure, and the local Mexican population with economic growth and opportunities for jobs and businesses.
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