Mexico Goes after Spanish Travel Investors

Alejandro Moreno Medina, travel advisor for Baja California state authorities, underscored Mexico’s possibilities for foreign investors during an official visit he paid to several Spanish autonomous communities.

Mr. Medina, who’s looking for investors willing to pour money into that huge destination, huddled in Majorca with representatives of hotel chains RIU, Piñero, Sol Meliá and Iberostar.

The Mexican state official noted that Baja California has chances galore for tourism investment since 80 percent of its territory is unexplored from a travel standpoint.

With borders with the United States, Baja California welcomes some 25 million tourists every year. “That gives the state an enormous potential that could yield twice as many opportunities if we know how to tap into it,” he said.

For Mr. Medina, Spanish hotel chains “rank among the best in the world and have great chances for future investment there.”