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TOURISM III

Sector: Hotel • Location: Mexico

Source: World Bank Group

Project
Closed

The Tourism Development Project will help FONATUR finance the construction of hotel accommodations and related tourism facilities included in its 1977-79 program. Total loan approvals over this period are projected at US$212 million equivalent, of which about 90 percent for construction of 20,800 new hotel rooms. FONATUR will also carry out (i) a study of the demand for trained hotel personnel and

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The project “TOURISM III” is an infrastructure initiative in the Hotel sector, located in Mexico. Taiyo aggregates data on it from World Bank Group.

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Participants

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closed

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Description

Description

The Tourism Development Project will help FONATUR finance the construction of hotel accommodations and related tourism facilities included in its 1977-79 program. Total loan approvals over this period are projected at US$212 million equivalent, of which about 90 percent for construction of 20,800 new hotel rooms. FONATUR will also carry out (i) a study of the demand for trained hotel personnel and sectoral training programs; and (ii) a study to identify means of increasing employment opportunities in tourism projects. Net foreign exchange earnings generated by FONATUR's hotel financing program will amount to some US$3 billion during the life of the assisted subprojects. Some 32,000 permanent jobs will be created directly and another 33,000 indirectly. There are no special risks.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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