Mexico Raises Forecast for Direct Investment 11% to $20 Billion for 2011

bloomberg

Bloomberg Mexico may receive as much as $20 billion in foreign direct investment this year, 11 percent more than a prior forecast, as the second-biggest Latin American economy’s low wages and proximity to the U.S. draw producers. “Companies are looking for the best place to invest,” Economy Minister Bruno Ferrari said in an Aug. 19 interview [...]

Charlie Rose interviews Jorge Castañeda

Jorge Castañeda on Charlie Rose

Jorge Castañeda on his book ‘Mañana Forever?: Mexico and the Mexicans’ Jorge Castañeda Gutman is a Mexican politician and academician who served as Secretary of Foreign Affairs (2000 ? 2003). He was a professor at several universities, including the National Autonomous University of Mexico, the University of California, Berkeley, and Princeton University. He also authored [...]

World’s richest man stays calm under fire

Carlos Slim

JOHN PAUL RATHBONE AND ADAM THOMSON Globe and Mail Update Carlos Slim is under attack. For decades, the world’s richest man built a business empire in his native Mexico with little resistance from the competition. Today, the government and rival companies are determined to loosen his near-monopolistic hold on the country’s telecommunications sector, which has [...]

Mexico Still the Number One Vacation Destination for Americans

Negrete Says Mexico Tourism Growing at `Very Rapid' Pace

Mexico Tourism Board Quarterly Results Mexico Still the Number One Vacation Destination for Americans NEW YORK, May 4, 2011 /PRNewswire/ — Mexico Tourism Board has today released results of 2011 first quarter tourism activity inMexico.  Across a raft of measures from tour operators, airlines, resorts, cruise lines and attractions the first three months of 2011 has proven [...]

Debunking the Rumor of High Real Estate Inventory in Puerto Vallarta

Debunking the Rumor of High Real Estate Inventory in Puerto Vallarta

by John Youden Vallarta Lifestyles Publishing Group There’s been a lot of talk around town about how much inventory of homes and condominiums, primarily condominiums, is currently on the market. The most commonly heard number is somewhere between 7,000 to 8,000. Unfortunately I believe I’m responsible for this. For a few years, during the boom [...]

Mexico Hesitates to Intervene as Rising Peso Pressures Its Exports

By ELISABETH MALKIN The New York Times MEXICO CITY — Six years ago, Benjamín Hernández turned his family’s small metal-stamping company into an exporter. Although the firm barely survived the global economic crisis, it bounced back last year. But now he has a new worry. Mexico’s peso is rapidly rising against the United States dollar, [...]

Luxury Chain Cuts the Flowers, Sends Out Wash at Some Hotels

By KRIS HUDSON The Wall Street Journal ORONTO–Four Seasons Hotels & Resorts, famed for its top-flight hotels, has agreed to skimp on some of its signature features, bowing to pressures by some financially strapped owners of properties that bear its name. Many Four Seasons hotels have stopped displaying huge vases of fresh flowers. Others are [...]

Markets in Americas Log Heady Gains

pesos

By NICHOLAS CASEY The Wall Street Journal Investors began 2009 bracing for more drops in Latin American stocks as global markets plummeted in the worst economic crisis in generations. The declines came as the region’s indexes sank to a low point in March. By year’s end, Latin American stocks managed to stage a striking recovery. [...]

Mexican Stocks Rise to 2-Year High as U.S. Jobless Claims Fall

Bloomberg News December 24, 2009, 01:58 PM EST Dec. 24 (Bloomberg) — Mexican stocks rose to the highest level in more than two years after a decline in jobless claims and a rise in durable goods orders in the U.S., Mexico’s biggest trading partner, boosted confidence in the economic recovery. U.S. orders for goods meant [...]

Hotel investors tiptoe back into buying game

Want to buy a hotel? 2010 may be just the time. Hopes for an economic turnaround are prompting some hotel investors to get back in the long-dormant acquisition game, laying the groundwork for what could prove to be an active acquisition market next year. “Like most companies, we did not acquire anything in 2009,” said [...]

No.1 Mexico, No.2 India, No.3 China

By Keith Fitz-Gerald Commodity Online When it comes to global manufacturing, Mexico is quickly emerging as the “new” China. According to corporate consultant AlixPartners, Mexico has leapfrogged China to be ranked as the cheapest country in the world for companies looking to manufacture products for the U.S. market. India is now No. 2, followed by [...]

Wealthy U.S. Shoppers Boost Spending 29%, Survey Says

Bloomberg By Cotten Timberlake Oct. 16 (Bloomberg) — Spending in the U.S. on luxury goods and services spurted 29 percent in the third quarter from the previous three months, as consumers with the highest incomes unleashed pent-up demand, according to Unity Marketing. Spending among 1,067 consumers with average annual income of $228,800 rose to $18,826 [...]

RPT-Mexico’s economic slump has hit bottom – govt

MEXICO CITY, Aug 23 (Reuters) – Mexico’s economy, slammed by a drop in U.S. demand, has sunk to its low point and recent data shows signs of growth, the government said on Sunday. Mexico’s economic output was down 1.1 percent in the second quarter compared to the first quarter, a much smaller decline than in [...]

Latin America’s Pending Fire Sale – Private equity groups are licking their lips at the prospect of acquiring Latin American assets at fire-sale prices.

BY JOHN PRICE Latin Business Chronicle Experienced Latin American investors understand that today’s financial crisis will present discounted buying opportunities to those with the authority and boldness to quickly negotiate an acquisition and the cash to pay for it. Six years of rapid growth in the region invited a lot of new players into the [...]

Mexico Tourism Has Long-Term Strength

Hotelsmag.com 8/10/2009 10 August 2009 – London, UK – As the first country in the world to experience an outbreak of the now widespread A(H1N1) influenza virus, Mexico has been really hard hit in terms of tourism demand over the past three months. Preliminary estimates from the Mexican Government put the impact so far at [...]

Mexico and Canada Tussle Over Immigration Ahead of Summit

By MARC LACEY NY Times August 9, 2009 GUADALAJARA, Mexico — Ahead of President Obama’s arrival in Mexico on Sunday night for a summit meeting of North American leaders, immigration was prompting significant behind-the-scenes debate. But it was Mexicans entering Canada, not the United States, that was the contentious issue. Too many Mexicans, the Canadian government complained, were fraudulently claiming [...]

St. Regis Monarch Beach seized by Citigroup

The resort, which will continue to operate under its current name, is an indicator of the troubles in the high-end hotel market. By Roger Vincent and E. Scott Reckard L.A. Times July 21, 2009 The seizure of the St. Regis Monarch Beach, where American International Group Inc. sponsored a luxury retreat just days after accepting [...]

Economist Predicts Recession Will Soon Be Over

NPR – All Things Considered July 18, 2009 Don’t feel bad if you’re a bit confused about the financial news that came out this past week: Goldman Sachs and JP Morgan both reported huge quarterly profits, while CIT, one of the nation’s largest commercial lenders, is on the verge of collapse. The Fed says unemployment [...]

Starwood Hotels Launches Global Summer Sale – 50% off at the St. Regis, Punta Mita

For One Week Only, Starwood Offers Discounts of up to 50% at Nearly 600 Hotels and Resorts in North America, Latin America and Asia Pacific WHITE PLAINS, N.Y. (BUSINESS WIRE) — Starwood Hotels & Resorts (NYSE: HOT) today announces a sizzling summer sale. In a week-long wave of record-breaking discounts across the globe, Starwood is [...]

The distressed debt conundrum

06 July 2009 8:59 AM By Joel Ross HotelNewsNow.com columnist Everyone expected floods of distressed debt and foreclosed commercial real-estate properties coming to market, and many bankruptcies. Here are things that have actually happened. In almost every loan agreement for the past 16 years, there’s a carve out that says if the borrower files voluntary [...]

Comedy – Ask a Mexican ¡Ask a Mexican! Mexico Sucks

Why else do you think they’re taking over the U.S.? By Gustavo Arellano The Village Voice Tuesday, July 7th 2009 at 1:37pm Dear Mexican: Why is it that ever since the U.S./California let you people immigrate, tunnel, weasel, or whatever into this country that nothing good has happened and/or come from it? California’s welfare program is [...]

Global Downturn Hits Mexico Harder Than Most

Unemployed construction workers in Mexico City gather every morning on the capital's central plaza, the Zocalo, in hopes of finding work as day laborers. Some have signs advertising their skills as plumbers, electricians and brick masons.

by Jason Beaubien Listen Now All Things Considered, July 6, 2009 · In English, you might call what’s happening to Mexico’s economy a “perfect storm.” In Spanish, they say llueve sobre mojado, or “it’s raining on wet ground.” In either language, the effects of the global economic recession are devastating in Mexico, the world’s 13th [...]

Luxury Homes Go Begging – Financing problems, falling incomes and a less-is-more attitude are making it hard to sell homes in the $1 million-$3 million range

Casas del Oso / Courtesy of Rancho San Miguel Rancho San Migue

By: Sara Clemence, Special to CNBC.com | 07 Jul 2009 Rancho San Miguel is situated in a high-end, gated golf community in Scottsdale, Ariz., that boasts several pro golfers as residents. Modeled after a classic Mexican hacienda, it totals nearly 9,000 square feet and features beamed ceilings, a full wine cellar, exercise room, hand-wrought ironwork, [...]

The new global economic reality – Charles Simpson

Charles Simpson Invest Magazine MexInvest Now.com How to prosper & avoid the coming storm and prolonged economic stagnation in the USA. First: A reality check on Mexico Mexico is in a unique position to reap many of the benefits of the decline of the US economy. In order to not violate NAFTA and other agreements [...]

Passport law hurting tourism

by Parker Leavitt – Jul. 7, 2009 12:00 AM The Arizona Republic A new law requiring Americans to have a passport to visit Mexico is the latest in a series of problems plaguing the Mexico travel industry, Valley business owners say. The recession, border violence and the swine flu have drastically cut into the revenue [...]

Drug war, economy weigh on Mexico midterm election

By MARK STEVENSON MEXICO CITY (AP) — Drug violence, an economic downturn and recent cases of political malfeasance weigh heavily on Mexico’s midterm congressional elections Sunday, a vote that could decide the future of President Felipe Calderon’s anti-crime and economic policies. Calderon’s National Action Party, PAN, hopes its nationwide crackdown on drug cartels will win [...]

Be neighborly, go to Mexico

There are several good reasons Americans should help out the Mexican economy with a trip south of the border. By Andrés Martinez June 9, 2009 Los Angeles Times Your neighbor needs your help. Do you have it within you to lend a hand? Will you book yourself a week on the beach in Cabo or [...]

Developer Financing Now Available at Luxurious Kupuri Beach Community in Punta Mita, Mexico

Punta Mita real estate values are starting to drop and owners and developers offer deeply discounted pricing and generous financing terms

June 22, 2009 12:09 PM Eastern Daylight Time Buyers can qualify for three-year financing at zero percent interest PUNTA MITA, Mexico–(BUSINESS WIRE)–In a move to raise buyer interest, DINE, Mexico’s premier real estate developer, is now offering highly attractive, below market financing rates at the exclusive Kupuri beachfront development in Punta Mita, a gated, 1,500-acre [...]

Who will compensate Mexico for false swine flu reports?

Opinion by Andrés Oppenheimer MCCLATCHY NEWSPAPERS / MIAMI HERALD Tucson, Arizona | Published: 06.21.2009 The swine flu outbreak that has wrecked Mexico’s economy may become a case study in reckless journalism. It now turns out that it’s not clear whether the H1N1 pandemic originated in Mexico, as first reported, or in the United States. Like [...]

Stars Shine on Puerto Vallarta on June 20 –

Jalisco Vive 2009 - Concerts in Puerto Vallarta and Guadalajara

[youtube]http://www.youtube.com/watch?v=I2VaF5_AHps&feature=related[/youtube] Puerto Vallarta’s world famous Malecón is the place to be on Saturday, June 20th at 8 pm, as the Jalisco Secretary of Tourism presents “Jalisco en Vivo 2009″ a free concert featuring world-famous, award-winning musical artists such as Alejandro Fernández, Gloria Estefan, Enrique Iglesias, Joan Sebastian, Raúl di Blasio, Aleks Syntek, Luis Fonsi, León [...]

Cheaper Travel to Mexico

By Graciela Moreno Fresno, CA (KFSN) – Already suffering from the impact of a slow economy … the flu outbreak dealt a second, serious blow to Mexico’s tourism industry. Hotels, resorts and cruise lines have been going all out trying to entice travelers back … some are offering huge discounts … while others are making “flu-free” [...]

Guns, Germs and Recession: The Curse on Mexican Tourism

Time Magazine By IOAN GRILLO / MEXICO CITY  Thursday, Jun. 11, 2009  It was the last image the Mexican government wanted from one of its sunny seaside resorts. In the heart of Acapulco, soldiers fought a blazing battle against drug cartel thugs who sprayed bullets from Kalashnikov rifles and hurled more than 50 grenades. After hours [...]

Be neighborly, go to Mexico

There are several good reasons Americans should help out the Mexican economy with a trip south of the border.   By Andrés Martinez LA Times  June 9, 2009 Your neighbor needs your help. Do you have it within you to lend a hand? Will you book yourself a week on the beach in Cabo or [...]

Fearless travelers can cash in on Mexico’s post-flu deals

Christine Delsol, Special to SFGate.com The San Francisco Chronicle Wednesday, May 28, 2009 It’s been two weeks since the State Department and the Centers for Disease Controllifted their travel warnings on travel to Mexico, and the deals are rolling in. The CDC lifted its recommendation against nonessential travel to Mexico on May 15, citing evidence that Mexico’s flu [...]

St. Regis Punta Mita Achieves Condé Nast Magazine 2009 “Hot List” Status

    One might forget that the 120-room St. Regis is actually in the middle of a gated community of luxury hotels, private villas, and a golf course just north of Puerto Vallarta. The secluded atmosphere is achieved through unobtrusive design and landscaping and an enviable position hemmed in by rocky headlands. From the quiet [...]

Poll shows Americans cutting back on summer travel

05/27/2009 10:08 AM By: Web Staff NATIONWIDE — According to a new study, the days of extravagant vacations – at least for half of Americans – are on hold. A new USA TODAY Gallup Poll suggests fewer people will be traveling this summer season, opting instead to stay close to home. The number of people [...]

Mexico’s battered image yields travel deals

By Stephanie Chen CNN May 26, 2009 (CNN) — Mexico’s tourism industry has endured some brutal punches this year. First, the global financial crisis hampered vacation spending. Then, escalating cartel drug violence scared some travelers. Business went from bad to worse in late April, with the outbreak of the H1N1 flu virus, also known as swine [...]

Placido Domingo To Front Mexican Tourism Campaign

placido domingo

Luxist.com Posted May 26th 2009 7:01PM by Deidre Woollard The push to bring tourism back to Mexico is gaining momentum. A few weeks ago we wrote about the swine flu guarantee being offered by some resorts. But now the government is getting involved with a $90 million campaign to tempt tourists back to Mexico in [...]

Mexico Tourism Uses Deep Discounts to Lure Back Travelers

After being battered and beaten down by the swine flu epidemic for almost a month, Mexico is fighting back in an attempt to lure Americans (and other foreign visitors) in and restore the country’s image as a safe place to stay and play. Americans make up 80 percent of the total number of visitors to [...]

How new hotels can transform emerging markets

May 26, 09 | 1:58 am By Laura Kalcevic In a recent assignment, HVS was asked to project the likely market behavior of a proposed luxury hotel in Zihuatanejo, Mexico. Presently, the Zihuatanejo market features two luxury and two upscale properties, with up to four new projects being proposed in similar or superior service categories. [...]

Mexico’s Shock Doctrine – The Swine Flu Hype

The Swine Flu Hype Mexico’s Shock Doctrine By JOHN ROSS Upon returning to Mexico City after 100 days in Gringolandia dealing with a personal health crisis, I was met at the door of the downtown hotel where I have bedded down for the past quarter century by a uniformed security guard in jackboots and blue [...]

Politician’s Novel Idea for Mexican Tourism: Statue of Swine Flu Survivor

26mexico600

Édgar Hernández, at home in La Gloria, Mexico. He may have been the first of more than 12,000 confirmed cases of swine flu. By MARC LACEY Published: May 25, 2009 New York Times MEXICO CITY – Édgar Hernández, the Mexican kindergartner who is the first person known to have contracted the swine flu now circling [...]

What does the Internet say your home is worth?

Posted by Jo Easton Marketplace Money on May 23, 2009 10:00 AM And how do you feel about what it tells you? Go here to dive right in But if you need a little more info to entice you, keep reading: At Marketplace Money, we’re trying our hand at a crowdsourcing project. We need your [...]

Mexico and the Price of Economic Consequence

By Bruce D. Greenberg, MAI, SRA, ASA The Mexican people should be commended and congratulated by the international community for placing the health and safety of citizens and the world first, regardless of economic impact. Through the leadership of its government and the strength of its community, Mexico successfully slowed the advancement of the A(H1N1) [...]

Mexico Goes On Sale

003

By SARAH NASSAUER The Wall Street Journal With a clean bill of health and a lifted travel ban, Mexico tries to draw tourists back with deals and perks. Everything for the wedding was ready — the on-site florists, photographers, and a 35-foot acrylic platform built over the blue ocean water at the Rosewood Mayakoba resort near [...]

Mexico and AeroMexico welcomes back travellers

Travel Blackboard Thursday, 21 May 2009 After many countries, including the United State and Canada, lifted the travel warnings concerning travel to Mexico, major industry players like the Mexico Tourism Board and AeroMexico are encouraging travellers back. With local tourism industry decimated by fears of the Influenza A(H1N1) virus, Mexico is hoping for a swift [...]

Mexico Tries to Woo Back Tourists

24prac6001

By MICHELLE HIGGINS NY Times  Published: May 24, 2009 THERE may be no better time to visit Mexico than now. It’s been about a month since swine flu scares sent tourists fleeing, but with new cases of the H1N1 virus on the wane, the Centers for Disease Control and Prevention lifted its ban on nonessential travel to Mexico on May 15. [...]

Foreign & Commonwealth Office reviews Mexico travel advice

Christy Wyatt 18 May 2009 FCO no longer advising against travel following swine flu outbreak The Foreign & Commonwealth Office (FCO) is no longer advising against all but essential travel to Mexico, following the global outbreak of swine flu. The FCO revised its travel advice late last week. A statement on the organisation’s website says: [...]

CDC seeing more regular flu cases now; downgrading warnings about travel to Mexico

By MARILYNN MARCHIONE – 3 hours ago Associated Press  U.S. health officials are seeing a surprisingly high number of cases of ordinary, seasonal flu at a time when the flu season typically peters out. About half of people recently testing positive for the flu have the new swine flu virus, Dr. Daniel Jernigan of the Centers [...]

Come back to Mexico – come back

  by Karen Fawcett TRIPSO The Mexican Tourist Board is launching a multi-million dollar investment plan that will include a global public relations campaign. It is also calling for U.S. authorities to lift the travel ban with the hope that doing so will restore confidence in Mexico’s being one of the world’s top tourist destinations. Its tourism [...]

Flu? What Flu?

cancun-flu

by ELISABETH MALKIN Published: May 8, 2009 MEXICO CITY — If you are looking for a cheap travel destination, try Mexico. Short of war, Mexico has endured about the worst calamity that can befall a country’s tourism industry over the last few weeks. A few people who had traveled here came down with what looked, initially, like [...]

The Crisis Came. Mexico Didn’t Fail. Surprised?

By LARRY ROHTER Published: May 9, 2009 New York Times  MEXICO CITY – Just for argument’s sake, let’s compare Mexico’s management of the swine flu epidemic that broke out here last month with China’s handling of SARS in 2002. The Chinese initially tried to deny there was an outbreak, were slow to combat its spread [...]

Is It Safe to Go to Mexico?

Tourism has suffered as drug-related violence across the border has surged. But canceling a vacation to Los Cabos or the Mayan Riviera may not be necessary. http://online.wsj.com/article/SB123931839488506787.html By CANDACE JACKSON Teresa Bitler thought about spending Easter this year lounging on the beach in Puerto Penasco, Mexico, with her husband and two daughters. Then she changed [...]

Luxury vacation club is financially threadbare

lusso

Lusso Collection — offering access to multimillion-dollar getaway homes around the world — has filed for bankruptcy protection.   By JIM BUCHTA, Star Tribune Last update: January 25, 2009 – 10:12 AM     For a busy executive like weatherman Paul Douglas, vacation means exploring the world with the comforts of home but none of [...]

The 10 Worst Assumptions of 2008

December 15, 2008 01:39 PM ET | Rick Newman | Permanent Link | Print An old military saying has become popular on Wall Street: “Amateurs study the plan. Professionals study the assumptions.” It’s too bad that nostrum wasn’t in fashion a few years ago, when it seemed as if nothing could go wrong in the [...]

LaSalle: Real estate valuations to fall in ‘09

By Arleen Jacobius Posted: December 16, 2008, 11:01 AM ET Real estate valuations are expected to fall next year, with the low point in the cycle expected in 2010, according to LaSalle Investment Management’s Investment Strategy Annual, a comprehensive survey of global real estate markets. Commercial real estate will decline in value in 2009 as [...]

Potential Solution for Real Estate Developers facing slowing sales

 Bruce Greenberg of Montaña Verde, a consulting and appraisal company that has been doing work in Mexico for many years, is currently teaming up with Deloitte Mexico (Deloitte as this time has not signd onto the program officially, but they are studying it), to offer a potential solution for real estate developers in Mexico during [...]

Mexico’s peso hits lowest level against dollar

MEXICO CITY: Mexico’s peso fell to its lowest real level against the dollar and the stock market dropped nearly 6 percent Monday to 21,611.5 as the country’s economy was pulled into the global economic crisis. The Central Bank said the peso’s daily benchmark fixed rate fell to 11.8 per dollar — a sharp drop from [...]

America’s wealthiest are picking Mexico over Hawaii in a hunt for value vacations

Oct. 6 (Bloomberg) — As U.S. markets spiral downward, America’s wealthiest are redeeming reward points, choosing million-dollar timeshares over luxury third homes and picking Mexico over Hawaii in a hunt for value vacations. Members of Hilton Hotels Corp.’s loyalty program who live in the 10 wealthiest U.S. zip codes redeemed 42 percent more reward points [...]

© Content rights reserved. La Punta Realty - Christie's International Real Estate