Heavier Investment into Mexico´s Travel Industry

Mexico is ready to shell out $2 billion into the local tourist industry all through this year, up a whopping 39 percent from 2003, said John McCarthy, chief of the country´s National Tourism Fund.

In the course of a meeting that gathered some of the Aztec nation´s top travel companies, Mr. McCarthy informed Mexico will reach the 20-million-tourist milestone by the end of the ongoing year. "At the end of the day," he added, "the country will be putting $11 billion into its coffers."

Furthermore, Mr. McCarthy referred to a number of potential investments worth some $5 billion to be funneled into all tourist infrastructure nationwide beginning in 2005.

The biggest lump sums of money will be spent in Baja California Sur, in Loreto, along the Mayan Riviera, in the Yucatan Peninsula, in Puerto Vallarta and in Nayarit.