Fall in tourism tripled the national one in 2020, says Cicotur

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By CAPosts 23 February, 2021 - 03:29pm 28 views

Mexico City. In 2020 the tourism Gross Domestic Product (GDP) would have had a fall of 27.8 percent, which multiplies the fall of the national economy 3.3 times, indicated the Center for Tourism Research and Competitiveness (Cicotur) .

© Provided by La Jornada Citizens carry out their activities in the streets of the Historic Center. Photo José Antonio López

According to estimates made by Cicotur, of the 8.5 percentage points that the national GDP fell in 2020, 2.4 points would be explained by the fall in tourism GDP.

According to the agency, domestic tourism consumption had a fall of 30 percent compared to what was obtained in 2019

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This, due to the confinements and social isolation measures that occurred in the first half of last year, as a measure by the authorities to mitigate the effects of the Covid-19 pandemic; as well as the suspension of activities in some tourist-oriented states in December due to an increase in virus infections

In labor matters, Cicotur specified, between 630 and 840 thousand formal and informal jobs in the tourism sector would have been lost during the year prev.

For tax collection the situation is similar, since it predicted that due to the concept of Income Tax (ISR), the tourism industry stopped contributing 39 billion pesos; for Value Added Tax (VAT) about 21 billion pesos and for hotel tax three billion.

Source: MSN