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Sunday, October 24, 2021
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Tag: The Economy

Mexico bank warns: Fake money in circulation

Mexico's central bank has warned consumers that fake currency is in circulation. 

New jobs report offers some much needed good news for Yucatán’s...

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. 

Cozumel’s cruise industry bounces back in a big way

Quintana Roo has come to depend on a steady stream of cruise-goers, to maintain jobs at businesses including restaurants, excursion operators,...

New numbers signal slow but steady recovery for tourism in Yucatán

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.

Mérida real estate market heats up, even beyond the Periférico

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. 

Yucatán’s new high-cost apartment trend and housing crisis

Historically, apartment living has been relatively uncommon in Mérida, with the majority of new towers and condominiums having been built in the last decade.

What is fueling the demand for new homes in Yucatán?

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.

The skyrocketing value of colonial homes in downtown Mérida

During the last decade, the value of colonial homes in Mérida's historic center has risen by as much as 300%.

Hospitality industry in Yucatán braces for another slow summer

Yucatán's hospitality industry says it expects hotel occupancy rates to reach a maximum of around 50% over the summer season.

New ‘party tax’ sparks anger in Yucatán

One venue administrator who preferred to remain anonymous described the new tax as "an unjust slap in the face to businesses already on the brink of going under."

Mérida’s traditional markets fear a new round of restrictions

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%.

Yucatán prepares to welcome its first cruise ship in over a...

To be allowed boarding, all crew members and passengers must provide negative COVID-19 test results, taken no more than 72 hours before departure.

Good news for Mérida’s traditional city markets

Mérida is easing restrictions on city markets in hopes of getting the economy moving again. City markets will now...

Cruises and new biosecurity measures on the agenda of the World...

Despite the COVID-19 pandemic, Cancún has remained Mexico’s top tourism destination. Photo: Carlos Rosado van der Gracht During...

Fish fraud found to be very common across Mexico

The practice of species substitution or fish fraud is increasingly common in Mexico and around the world, says Oceana International. Photo:...

Four businesses shut down for not following COVID-19 guidelines

Among the Mérida businesses shut down is a branch of the Starbucks coffee chain. Photo: File Authorities in...

It’s a buyer’s market in an overbuilt Riviera Maya

Bahia Principe beach in Tulum. Photo: Getty The Riviera Maya — a 1999 rebrand of the “Cancún-Tulum corridor”...

Governor promotes home offices to protect life and economy

Under new rules, companies in Mexico must cover many of the remote work expenses of their employees. Photo: File

Modest growth on the horizon for Yucatán’s hard-hit economy

Consumers across Yucatán and Mexico continue to see the cost of basic goods rise. Photo: Carlos Rosado van der Gracht

Yucatán’s economic recovery predicted to be a long slog

Yucatán's slow but gradual economic recovery for is predicted through 2022. File photo Economist Álvaro Cano Escalante projects...

Mexico’s economy grows while inflation rises; energy prices a concern

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.

Tampa-Progreso link is reality — for cargo

Linea Peninsular has added a weekly container service linking Port Tampa Bay in Florida with Yucatán's port of Progreso.

The votes are in: Mérida’s top 7 cultural treasures

The people have spoken, and their list of seven top cultural treasures has a heavy favorite: The Cathedral.

Tourism helps families far from tourist zones

A tourist who feels guilty about the level of need in Mexico may ask, "Am I actually doing this country any good?" The short answer is "yes."