Spanish hotel chains are investing in Cancun real estate and tourist developments on the Riviera Maya because they offer a "fiscal paradise", reported Mexican radio station, Enfoque, earlier this month.
The broadcaster quoted Spanish tourism professor, Dr. Maciá Blazquez Salom, who said Spanish companies could make money on hotels they invest in Mexico in as little 3 or 4 years.
Dr. Blazquez emphasized that Cancun real estate and the Mexican Caribbean in general would continue to be the main destination for Spanish hotel investment because it also offers many government subsidies, for example on aircraft fuel.
Professor at the University of the Balearic Islands in Spain, world renowned for its tourism and travel real estate expertize, Dr. Blazquez was a speaker at the 8th Seminar on Tourism and Sustainability, held in Cancun on September 10 and 11.
He held a session about the historical perspective of tourism in the Spanish Balearic islands as well as participating in other events at the congress.
The professor said the Mexican government's tourism administration had committed to pay a subsidy for workers during the low season and Spanish companies don't have to pay indirect taxes on airoplane fuel, making air travel much cheaper for them.
The University of the Balearic Islands, Universidad de las Islas Baleares or UIB for short, is located in Palma on the island of Majorca and was founded in 1978.
The tourism conference was held at Mexico’s Caribbean University in Cancun, Quintana Roo, an educational establishment that aims to develop students knowledge, skills and abilities in the sector of tourism, one of the largest contributing industries to the Mexican economy.
Mexican States highlighted as having tax benefits for Spanish companies include Guerrero, Jalisco, Baja California Sur and Quintana Roo, home to Cancun real estate.
Article by Cancun real estate company Investment Properties Mexico. Visit the author's website for more about Cancun real estate.
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