Foreign tourism brought in more than $7 billion between January and September this year for a blistering 7.1 percent growth compared to 2002. This time up, the Mexican government expects to reach a record high of $9 billion.
Hit hard by the crisis in commercial aviation that made a dent in its third-quarter gains, the world’s number one aircraft maker has not lost everything as its defense sector is still keeping its nose to the grindstone.
Boeing Co. has just announced a 31 percent slide in gross benefits for the third quarter of the year, a figure that accounts for a $256 million loss. The number of negotiated deals also skidded 3.5 percent for a $12.2 billion trounce.
For a second year in a row, the leisure industry has led the pack of Nicaragua’s premiere sources of hard-currency money. Until August this year, the Nicaraguan Tourism Institute has tabbed a 9.8 percent growth in the number of foreign arrivals compared to the same span of time in 2002.
Desiderio Campos, head of the institute’s Operations & Investment Assessment Division, admitted to the local press that his country’s infrastructure is really poor and scarce.
The Dominican Republic’s National Council of Private Enterprise (CONEP) agreed to give authorities a “friendly contribution” in return for an all-out fiscal reform.
The proposal calls for the approval of a tax reform bill in the first half of December that will come to strike down part-time agreements in this sector. The new reform should be implemented as early as January 2004.
Experts from 1,293 companies and 49 countries attending Havana’s 21st International Fair are engaged in negotiations within the framework of the island nation’s biggest yearly tradeshow now taking place at the ExpoCuba Fairgrounds.
According to sources close to the organizing committee, Thailand is making its big break at the Cuban fair with an array of homemade products that could perfectly draw a bead on the island’s domestic market.
The World Travel and Tourism Council (WTTC) concluded that the current panorama shows that calm has returned to the Caribbean´s travel and tourism industry. It is expected that this year the sector will generate 34.6 trillion dollars of the total demand of the region´s economic activity.
According to the WTTC forecast in its latest report, "The Impact of Travel & Tourism on Jobs and the Economy", this figure will represent 3.7% of this year´s Gross Domestic Product (GDP) and 3% of the real demand´s growth.