Given the growing signs of an economic slowdown in the country, Coparmex Quintana Roo warned that this situation could negatively impact the flow of domestic tourists to the Mexican Caribbean, one of the regions most dependent on tourism in all of Mexico.
Minimal growth would impact tourism
During the first quarter of 2025, the economy barely managed to avoid a technical recession, with growth of just 0.2%, after a decline of -0.7% in the last quarter of 2024. While the second quarter showed some resilience, with three consecutive months of growth, projections for the rest of the year remain worrying: private sector analysts estimate growth close to 0.2%, and some international organizations even predict a contraction of up to 0.3%.
In this context, Coparmex Quintana Roo expressed concern about the domino effect this could have on domestic tourism, due to the weakening of domestic consumption, the loss of formal jobs, and the reduction in the purchasing power of Mexican families.
“Tourist destinations in the Mexican Caribbean are not immune to the country’s economic reality. If the economy doesn’t improve, people stop traveling, and this directly impacts hotels, restaurants, tours, transportation, and the entire value chain,” said Jovita Portilla, president of Coparmex.
Coparmex calls for urgent measures.
One of the most alarming data is the drop in gross fixed investment, which in April reflected a 9.1% decrease in machinery and equipment, mainly imported. Furthermore, public investment fell more than 24%, its lowest level in almost three decades. Added to this is the loss of momentum in job creation: just over 87,000 formal jobs were created in the first half of the year, a figure 70% lower than in the same period in 2024.
Faced with this outlook, Coparmex called for reactivating the economy with urgent measures, including ensuring security for individuals and businesses, encouraging private investment, providing legal certainty, and building a more competitive tax environment. It also supported the need to diversify markets, highlighting its current business mission to Japan as a commitment to internationalizing the country’s products and services.
“Tourism is a vital driver for Quintana Roo, but it depends largely on the national context. If the economy continues to lose strength, the impact will be direct in the pockets of those who depend on this sector. Therefore, it is time to act responsibly and with a vision for the future,” the organization concluded.
Source: elquintanarroense
