Mexico Financial Services Market Opportunities - Mexico's Tequila Crisis of 1994-1995 that decapitalized the banking sector in Mexico and sharply curtailed its lending activity, the “hangover” from the crisis is not over yet. According to bank regulators and bankers in Mexico, along with the slowdown of Mexican economy in 2001-2002 that further delayed a recovery in bank financing, vestiges from the crisis are still a main reason behind the reluctance by banks to extend credit other than to their most sound customers. These facts have made it difficult for the banking system to meet Mexico’s needs.
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Mexican Insurance Industry Market Opportunities for US Firms - Mexico is the second largest insurance market in Latin America after Brazil. At the end of 2007, the insurance industry was comprised of 95 companies, six of which are part of larger financial groups and 46 foreign subsidiaries with authorization to operate in Mexico.
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Mexico Insurance Business - Mexico is quickly emerging as a key market for U.S. companies largely due to the opportunities for foreign investors and improving regulatory oversight. Generating more than 25 percent of the total premiums in the region, Mexico is the second-largest insurance market in Latin America, behind Brazil. |
Mexico Equipment Leasing Services - The equipment-leasing sector is an important source for financing equipment in Mexico. The development of the Mexican equipment-leasing sector complements the banking sector and improves the ability of Mexican companies to acquire equipment from American suppliers.
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Mexico SME Financing - Although Mexico is the United States's second largest trading partner, the lack of financial options for small and medium sized enterprises (SMEs) is often cited as the primary obstacle for U.S. companies selling to Mexico.
The Government of Mexico recognizes the importance of SME's, which produce 50% of Mexico GDP, and encourages financial institutions to provide more favorable financing terms to these companies.
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Since 1998 "Mexico Franchising Opportunities" have been a stable and growing industry in Mexico generating over 800,000 jobs and now represents 6% of GDP. Mexico has also become a mature market in the franchise sector and has also expansion of franchise concepts to other countries in Latin America, the United States and Asia.
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Franchising a Salon in Mexico - According to consultants from International FranCorp, roughly 80 to 100 new franchises will be incorporated in Mexico in 2008, which represents a growth rate of approximately 17%. They also added “Mexico is the 10th best place for penetration through franchises in the world, with a measuring of 1 franchise for every 800 habitants”.
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The Mexican Restaurant Industry grew 2% in 2007, despite temporary closures of some businesses due to natural disasters such as hurricane "Dean" in the southern part of the country and the floods in the state of Tabasco.
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Mexico: Overview of Hotel Industry
- Mexico’s hotel industry represents a solid business opportunity for U.S. exporters. These opportunities are being generated not only by foreign investment but also due to new hotel construction and remodeling projects started by hotel chains as a way to become more competitive.
- Mexico ranks as the world’s eight top tourism destination. Last year, about US$10 billion were generated by the tourism sector, which had around 20 million foreign visitors.
- Market estimation shows that a total of 13,060 hotels were registered in 2004, and it is expected that this number will reach 13,200 by 2006.
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 Mexico Travel Videos - Mexico City’s government is looking to position the city as the top business tourism destination in Latin America. Mr. Alejandro Rojas Diaz Duran, Secretary of Tourism for Mexico City, mentioned that with the support of the Federal Secretary of Tourism and the Mexico Tourism Board, Mexico City’s Convention and Visitors Bureau Office will begin operating in May 2008, and will be responsible for attracting international events that will bring investment to the capital.
The office will help to increase hotel occupation by eight percent and they estimate that by 2009 this will generate at least 80 million pesos for lodging, food, transportation and event space.
Business tourism, with the organization of meetings, conventions and exhibitions generates an economic benefit six times higher than leisure tourism. 40% of people who participate in meetings and conventions in a country are more likely to return and spend leisure time as tourists.
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