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Officially at least, the recovery has come earlier than expected. It was announced in October 2020 that the lost jobs would be recovered in roughly two years — but many are skeptical.
Quintana Roo has come to depend on a steady stream of cruise-goers, to maintain jobs at businesses including restaurants, excursion operators,...
Though hotel occupancy in Mérida and Valladolid still remains low, hovering at around 30%, the situation seems to be improving slowly but steadily, according to data provided by state authorities.
Increases are not limited to the Centro or its surrounding neighborhoods. Areas once considered fairly affordable such as Francisco de Montejo, and Ciudad Caucel have also seen considerable price hikes.
Historically, apartment living has been relatively uncommon in Mérida, with the majority of new towers and condominiums having been built in the last decade.
There is a growing concern, evidenced by a large number of empty homes across the state, that much of this growth is fuelled by market speculation.
During the last decade, the value of colonial homes in Mérida's historic center has risen by as much as 300%.
Yucatán's hospitality industry says it expects hotel occupancy rates to reach a maximum of around 50% over the summer season.
Back in May when COVID-19 infections were on the way down, the state government authorized city markets to increase their maximum capacity from 30% to 75%.
To be allowed boarding, all crew members and passengers must provide negative COVID-19 test results, taken no more than 72 hours before departure.
Despite the COVID-19 pandemic, Cancún has remained Mexico’s top tourism destination. Photo: Carlos Rosado van der Gracht During...
Among the Mérida businesses shut down is a branch of the Starbucks coffee chain. Photo: File Authorities in...
Bahia Principe beach in Tulum. Photo: Getty The Riviera Maya — a 1999 rebrand of the “Cancún-Tulum corridor”...
Under new rules, companies in Mexico must cover many of the remote work expenses of their employees. Photo: File
Consumers across Yucatán and Mexico continue to see the cost of basic goods rise. Photo: Carlos Rosado van der Gracht
Yucatán's slow but gradual economic recovery for is predicted through 2022. File photo Economist Álvaro Cano Escalante projects...
Mexico's economy grew at an annual rate of 1.7 percent in August, while inflation, during the 12-months leading into early October, rose 4.94 percent, authorities reported.
The people have spoken, and their list of seven top cultural treasures has a heavy favorite: The Cathedral.
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