Investment in tourism rises 12.2%.

MEXICO CITY, Feb 11, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Private investment in the domestic tourism sector reached US$1.66 billion last year, which was 12.2% more than in 2002.

The total of foreign private investment in the Mexican tourism sector rose to US$1.31 billion, with national investments climbing to US$349.1 million. Rodolfo Elizondo, head of the Tourism Secretariat (Sectur) said that this year a total of 11,500 hotel rooms were expected to be finished. This shows that Mexico is highly competitive in the industry and needs to keep working to attract even more tourists and foreign currency.

By the end of 2003, the country broke its record for foreign currency earnings from tourism, with a total of US$9.46 billion, which was 6.8% more than the US$8.86 billion seen in 2002.

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