Expats depending on income from abroad aren’t the only ones feeling the pinch of the “super peso.” Think of poorer families depending on remittances. A US dollar bought 20 Mexican pesos a year ago. Now it’s down to around 17. The peso has become among the world’s best-performing currencies. A combination of high interest rates,…
Recent reports published in several leading local and national publications argue that Mexico’s housing market is no bubble.
Coastal communities across Yucatán are preparing for their first true Easter Holiday season since 2019.
As of today — Monday — all businesses in Yucatán can operate at 100% and normalize their opening hours.
Overall, hotels in Yucatán have seen a 25% increase in bookings when compared to this time last year.
Economic analysts in Mexico warn that the escalating conflict between Russia and Ukraine could have dire consequences at home and abroad.
Over the past several years, construction costs in Yucatán have risen sharply and all signs point to even higher prices in 2022..
The Yucatán small-business chamber of commerce is offering independent shop owners the opportunity to purchase solar panels through a new program.
The online retailer Mercado Libre has announced its plans for a new logistics and distribution center in Mérida.
Yucatán may be sitting atop significant lithium deposits, according to Sen. Napoleón Gómez Urrutia.
The measure comes after a failed attempt by Grupo Posadas to restructure the debt it has accumulated over the past year and a half due to the COVID-19 pandemic.
Authorities in Yucatán are hoping that Mérida’s upcoming Tianguis Turístico will help the battered tourism industry get back on its feet.
Mexico’s central bank has warned consumers that fake currency is in circulation.
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’s cruise industry recovery plan is going all steam ahead, reports the state’s tourism council. All cruising companies operating in the state before the COVID-19 pandemic have resumed operations, according to a recent report, These include Norwegian Cruise Line, Carnival Cruise Line, Royal Caribbean, Celebrity, MSC, and Disney Cruise Line —all of which are…
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.
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.”
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.
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