Foreigners cancel business travel to Mexico amounting to US $105 million loss

Published on : Wednesday, February 27, 2019

 

 

 

As per, Jaime Salazar, president of the Business Travel Industry Council (Comir), foreign companies that had planned to hold large corporate events in Mexico over the next three years have cancelled their plans due to ‘uncertainty in the financial sector and a lack of clarity from the federal government.’ All events associated with federal agencies will likely be cancelled or significantly reduced according to him.

 

 

 

He added: “As a result, we are expecting a 30% drop in events nationwide in the business tourism sector.”

 

 

 

The disbanding of the Tourism Promotion Council (CPTM), and the decision to move the responsibility for tourism marketing toMexico’s embassies around the world has resulted in lack of confidence in the Mexican market.

 

 

 

Comir is trying to make up for the dissolution of CPTM. It represents several large tourism conventions to try to attract businesses to Mexico for conferences and meetings.

 

 

 

Comir has decided to organize pavilions for several of the industry’s most important events, like AMEX Las Vegas. They will continue doing it until the country’s embassies are truly qualified to take over promotion.

 

 

 

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