Remittances and exports
Mexico’s high tourist season runs from March, when spring breakers land, to late autumn, from Pacific resorts and Mayan ruins in the jungle to eco-chic Caribbean bungalows. Credit Suisse analyst Vanessa Quiroga sees a 5 percent drop in the number of foreigners flying to Mexico this year. The government is eyeing a 2.5 percent rise in tourist numbers this year to soften the blow as Mexico follows the United States into a recession, but Finance Minister mexican cruises was gloomier this week, saying financial woes would cause some Americans to cancel their vacations. Mexico needs some kind of tourism to hold up as these migrant remittances and exports of oil and manufactured goods decline.