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Grupo Posadas CEO discusses Mexican tourism post-covid rebound, attracting American tourists while prioritizing safety. Insight on pandemic impact, lessons learned, and shift towards experiential travel. Strategic focus on asset and international investment in Mexican hotels.
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Quick takeaways
- Mexico's tourism industry relies heavily on US visitors, with outbound traveler numbers increasing by 17% in 2022.
- Grupo Posadas adopts asset-light strategies, focusing on core competencies and leveraging external investments for growth.
Deep dives
Impact of Tourism on Mexico's Economy
Tourism plays a crucial role in Mexico's economy, accounting for 8 percent of national GDP and employing 5.8 percent of the total workforce in 2019. Outbound travelers from the US to Mexico increased by 17 percent in 2022 compared to the previous year, reflecting the importance of US visitors. Despite State Department warnings, tourism destinations strive to ensure safety and emphasize that experiences in Mexico often defy negative perceptions.
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Listen to the best highlights from the podcasts you love and dive into the full episode