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Mexico’s Congress passed the revenue side of next year’s budget after lowering its forecast for the price of oil to account for volatility in global crude prices.

The lower house today passed changes approved last night in the Senate, sending the bill to President Enrique Pena Nieto for enactment. The Senate Finance committee this week lowered its estimate for oil exported by Mexico next year to $79 a barrel from the $81 originally passed by the lower house earlier this month. The government had projected the price to be $82 in its budget proposal on Sept. 5.

Mexico is seeking to reduce the deficit in 2015 and erase it in coming years after increasing spending this year in an effort to boost an economy that grew 1.4 percent in 2013, the least since the 2009 recession. Pena Nieto also pushed through an overhaul last year to open the state-controlled energy industry to private investment and lessen the government’s dependence on oil revenue that funds about a third of federal spending.

“The volatility that we’ve seen in recent days in the price of oil makes clear the wisdom of Mexico’s energy reform and the fiscal measures that have reduced the dependence of public finances on the price of oil,” Manlio Fabio Beltrones, the lower house leader for Pena Nieto’s Institutional Revolutionary Party, said on Radio Formula before the chamber’s vote today.

Economic Growth

The deficit would narrow to 1 percent of gross domestic product next year from the 1.5 percent approved for 2014 if Mexican President Enrique Pena Nieto’s spending bill is passed unchanged by the Nov. 15 deadline. The spending bill only requires lower house approval. The budget assumes economic growth of 3.7 percent for next year, which would be the fastest since Pena Nieto took office in 2012.

Mexico’s mix of oil closed at $78.31 per barrel yesterday and has fallen 24 percent from a 2014 high in June. Brent crude for next month delivery, a global benchmark, has fallen 25 percent since June to $86.03 a barrel as global demand growth slows while threats to supply in Iraq and Libya recede.

The budget doesn’t include any new taxes or increase existing duties. The government at the start of the year raised the sales tax in areas bordering the U.S., a move opposed by the National Action Party, or PAN, the second-biggest group in Congress after Pena Nieto’s party. Consumer confidence in January tumbled to the lowest level in almost four years. The PAN advocated unsuccessfully in this year’s budget debate for Mexico to lower taxes.

The government forecasts economic growth will accelerate in 2015 from 2.7 percent this year after Pena Nieto ended Petroleos Mexicanos’s oil monopoly and opened the telecommunications industry to more competition. His administration expects the moves will lift growth to about 5 percent starting in 2016.

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The popular idiom says, “Getting there is half the battle.” When planning your next vacation to Mexico, you can make the getting there less of a battle by

Considering a few simple tips.

Airline Options

To simplify the process of finding flights to two of Mexico’s most popular destinations, Cancun and Puerto Vallarta, it is worth noting that not all airlines service the airports there. Currently, the following airlines fly directly into the Cancun International Airport and Lic. Gustavo Díaz Ordaz International Airport (Puerto Vallarta) from the United States:

Cancun:

  • airTran
  • Alaska Airlines
  • American Airlines
  • Delta                                                               
  • Frontier Airlines                                             
  • jetBlue                                                             
  • Spirit Airlines
  • United
  • US Airways
  • Volaris
  • Aeromexico
  • Alaska Airlines
  • Delta
  • Frontier Airlines
  • United
  • US Airways

Puerto Vallarta:

  • Aeromexico   
  •  Alaska Airlines
  •  American Airlines                   
  •    Delta  
  •   Frontier Airlines 
  •   United
  •   US Airways

Charter Flights

Another option for flying into Cancun or Puerto Vallarta is a charter flight. Often, wealthy individuals or tour companies will charter a private plane to fly directly into popular vacation destinations like these. When the flights aren’t full, they sometimes try to sell the extra seats to the public to cut down on the costs.

The rates charter flight seats are sold at fluctuate depending on the season and demand. Much of the time, the availability of these seats is not known until very near the departure date, sometimes only a few weeks or a few days out.
 
How do you find out about these tickets? Most of the time, they are sold through connected travel agents, so make sure to inquire with yours. There are also some sites online where extra charter flight seats are listed, such as on JetSuite’s Suite Deals page and Air Partner’s Empty Legs page.

[readon1 url="http://www.funsunmexico.com/blog/tips-for-finding-the-best-airfares-to-mexico/"]Source:www.funsunmexico.com[/readon1]

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Number of People Using the Cards Are Two Times the Industry Norm

Mexican convenience store operator Femsa said Tuesday its new bank card appears to be a runaway success, opening another financial option for the many Mexicans who don’t use banks.

Over the past 10 months, Monterrey-based Femsa has issued one million of its so-called “Saldazo” cards, for a rate of about 100,000 cards a month, Juan Fonseca, Femsa’s head of investor relations, told analysts during a conference call.

“This is the first banking relationship for most of the users of this product,” said Mr. Fonseca, adding that the number of people actively using the cards is roughly two times the industry norm.

Every day, close to nine million people make a purchase at one of Femsa’s Oxxo stores, according to the company. It had 12,395 outlets across Mexico at the end of September, for a penetration in some areas on par with the convenience store market in the U.S.

Oxxo launched the Saldazo card in February together with the Mexican unit of Citigroup Inc. and Visa . It functions as a debit card that takes deposits of up to 7,000 Mexican pesos ($520) a month, allowing users to make purchases, withdrawals and transfer prepaid airtime to their mobile phones.

Mr. Fonseca said the main benefit of the cards for Oxxo is to generate data, saying that the Saldazo cards don’t generate a lot of fees. Once the retailer mines all the data, it hopes to use the information to tailor in-store promotions.

Attempts by some other Mexican retailers to migrate consumers to credit cards have largely received lukewarm responses.

Traditional bank accounts are also shunned by many, with the World Bank estimating that less than 30% of adults in Mexico have a bank account, compared with 56% in Brazil.

 

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This winter you can fly non-stop from Kelowna Airport to six sensational sunspots: Ixtapa, Cabo San Lucas, Cancun, Phoenix, Las Vegas and Puerto Vallarta.

If you’re willing to make a flight connection in Vancouver, Calgary, Edmonton, Toronto, Seattle or San Francisco the whole of Hawaii, Mexico, Central America, the Caribbean and even the South Pacific, Australia and New Zealand open up.

“People like non-stop flights for their winter holidays,” said WestJet’s Emily Spandafora at Saturday’s Winter Travel Event at Kelowna Airport.

“And from Kelowna we fly non-stop to Cabo, Cancun, Puerto Vallarta, Phoenix and Las Vegas. But, also from Kelowna we fly to Vancouver, Calgary, Edmonton and Toronto, cities where you can get planes to all four Hawaiian islands, the rest of Mexico and through the Caribbean.”

Besides being an airline, WestJet is also a holiday packager with WestJet Vacations selling deals that include round-trip flights, all-inclusive resort accommodation and transfers to and from the airport at your destination.

Sunwing is another airline and vacation packager that was at the winter travel expo.

“This is our fifth year flying out of Kelowna for the winter season and for the second year in a row are flying non-stop to Ixtapa,” said business development manager Karen Howse.

“You can combine any Sunwing flight with a Sunwing or Signature package because they’re sister companies.”
Sunwing picked Ixtapa because it’s a popular west coast Mexican beach destination that wasn’t being served out of Kelowna.

Transat, another airline and packager, is flying Kelowna to Cancun and Puerto Vallarta non-stop this winter.

Rather than offer non-stops out of Kelowna to sunspots to the south, Air Canada would rather get Okanagan travellers there via connections on the airline through Vancouver, Calgary and Toronto.
Air Canada Vacations includes the connection from Kelowna at a discount price and the options include various points in Hawaii, Mexico, the Caribbean and even Sydney, Australia.

Freddie Marsh of Playa Resorts was at the show spotlighting the new Zilara and Ziva resort brands from Hyatt Hotels and The Royal Resort in Playa del Carmen, Mexico. “Zilara is our adults-only all-inclusive brand that’s already open in Cancun and will open later this year in Jamaica and Puerto Vallarta.

“Ziva is the family brand in P.V. and Montego Bay. We package with all the airlines.”

[readon1 url="http://www.kelownadailycourier.ca/business_news/article_a1b0bac0-5e25-11e4-b571-0017a43b2370.html"]Source:www.kelownadailycourier.ca[/readon1]

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Called Romantic Zone of Puerto Vallarta has become a major growth pole of the city, to attract new investment in virtually all lines of business , from the hotelier and restaurateur to provide all types of tourist and commercial services.

It is a successful area located in Colonia Emiliano Zapata where order prevails , development and growth in the participation of businessmen and neighbors has been fundamental.

Liney Cornejo Mendoza , president of Centro Vallarta , highlighted the importance of growing in order, referring to the recent launch of the Polygon called Controlled Development (PDC ) of the City Center , where residents , business and citizens usually grouped to order the growth of the heart of Puerto Vallarta.

As for the Romantic Zone , this area has been " lifted " economically with various actions that have participated neighbors and employers, putting all of their part to make it attractive to tourists and local residents .

Meanwhile, the regional director of tourism on the north coast of Jalisco, Ludwig Estrada Virgen said the order and organization of residents and businesses in Colonia Emiliano Zapata has allowed the area to promote all aspects of economic growth and attract new investments.

He explained that currently under construction a couple of small hotels as well as restaurants, clubs and shops to begin operations in November and December.

He said that the Romantic space area is considered "fashionable" tourist destination and is known for its cobblestone streets and colonial architecture, so that will soon be showing many new jobs as a result of this renovation.

He confirmed that in the coming months visitors will find new hotel properties and extreme improvements in some traditional hotels have expanded their further studies and accommodation units.

He pointed out; to be formally inaugurated which will be the largest hotel in a complex of five star units complete its second phase of construction in January 2015 Romantic Zone , " Almar Resort " ; The first phase included the Mantamar Beach Club.

Sapphire Beach Club will be the new beach club on the beach of Bahia de Los Muertos , starting this month , space offer the best services, comfortable chairs and beach huts, towel service, full breakfast and lunch bar

Estrada Virgen recognized the efforts of neighbors and entrepreneurs Liney Cornejo, Enrique Carothers Barreto, Nena Avelar, Sonia García y Antonio Robles, among many others who contributed to the Romantic Zone of a place of success, as we it was the center of the city 30 years ago.

[readon1 url="http://vallartaopina.net/2014/10/24/atrae-la-zona-romantica-de-vallarta-nuevas-inversiones/"]Source:vallartaopina.net[/readon1]

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Café Des Artistes, Vista Grill, Ocean Grill, Bistro Teresa, Le Kliff and Trío are the winning restaurants of the category “Best Fine Dining Restaurants in Mexico”, according to the well-established website TripAdvisor.

Puerto Vallarta marks itself off from other destinations not only because of it’s incredible places, but also for offering a gastronomy with international prestige. For this reason, the popular social network for travel critics around the world, TripAdvisor, has published the results of its famous “Traveler’s Choice 2014”. In the category “Best Fine Dining Restaurants in Mexico”, 6 restaurants in Puerto Vallarta were considered to be among the best throughout Mexico.

This distinction is not only made because of the good quality and service of the mentioned establishments, but also thanks to a suitable approach of brand management and effective marketing strategies that increase their prestige.

The strategic reputation management of a company in the tourism sector is of great importance because of the high investment that is made and received back. This actions lead to practice, creating results that not only affect the ambience of the restaurant positively, but also the reputation of the whole destination, just like in this case the gastronomy sector in Puerto Vallarta, Mexico.

In the following, I will list the 10 best restaurants, distinguished by TripAdvisor in the category of Mexico

TripAdvisor

1. Oh Lala - Playa del Carmen

2. Café Des Artistes – Puerto Vallarta

3. Vista grill – Puerto Vallarta

4. Ocean Grill – Puerto Vallarta

5. Bistro Teresa - Puerto Vallarta

6. El Farallón, Capella Pedregal – Cabo San Lucas

7. Pujol – Ciudad de México

8. Le Kliff – Puerto Vallarta

9. Trío - Puerto Vallarta

10. Imprevist – Playa del Carmen

Best Fine Dining Restaurants in México 5447f47ebe7ce 1

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Ford was considering manufacturing the 1.5-litre and 1.6-litre engines for the Ford Fiesta in Windsor. (CBC File Photo)

Ford Motor Co. has decided to not invest in Windsor, according to the union representing employees there.

"Diassappointing [sic]news from Ford this morning that it will produce engines in Mexico instead of Windsor. Would have meant 1,000+ #goodjobs," the union tweeted.

Unifor later issued a news release. In it, Unifor said it had hoped that months of discussions between Ford, two levels of government and the union would result in "significant investment which would have secured the production of a global engine at the Windsor facility."

It has been confirmed that the global engine will be built in Mexico, Unifor said.

“We are disappointed,” Unifor national president Jerry Dias said in the release. “The auto industries that are flourishing around the world are ones where there is a deep commitment from government and an understanding of the importance and wisdom of investment – which always pays dividends.”

Investment in Windsor was expected to be in the neighbourhood of $2 billion and create as many 1,000 jobs, according to a report in the Globe and Mail.

Two months ago, Unifor Local 200 president Chris Taylor said Ford was considering investing in either a new plant or an expansion of either the Essex Engine Plant or the Windsor Engine Plant.

Taylor said at that time, Ford was considering manufacturing the 1.5-litre and 1.6-litre engines for the Ford Fiesta in Windsor.

Taylor previously told CBC News that back in 2012, the union negotiated a letter of agreement stating that if Ford produced a new engine product, the Windsor facilities would get first opportunity to manufacture it, provided a number of criteria are met.

Taylor told CBC Windsor on Friday that one of the caveats in that agreement was government money. Taylor claims not enough government money was offered to keep Ford in Windsor.

Windsor mayoral candidate John Millson said at a news conference Friday that he knew of the decision Thursday.

"We can't lose this engine opportunity," he said.

Millson claims the Province knew last week, when Liberal Premier Kathleen Wynne visited, that Ford was going to Mexico.

Brad Duguid, Minister of Economic Development, Employment and Infrastructure, didn't immediately respond to an email sent by CBC Windsor.

Former Ontario Liberal Minister Sandra Pupatello, who is now the CEO of the Windsor-Essex Economic Development Corporation declined to comment until the news was confirmed by Ford.

Ford spokesperson Whitney Eichinger would only say that "for competitive reasons, we cannot discuss future manufacturing or product plans."

Unifor Local 200, which represents Ford workers in Windsor, is expected to hold a meeting Sunday to explain the decision to its members.

Earlier this month, Ford said it would add 1,000 jobs at its plant in Oakville, Ont. by the end of this year to build the 2015 Ford Edge crossover SUV.

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Over 400 agents received the latest updates from the Riviera Nayarit and Puerto Vallarta, thanks to the Road Shows that toured through eight cities in the Midwest and the West Coast of the United States.

The Riviera Nayarit and Puerto Vallarta convention and visitors bureaus toured the Midwest region of the United States as well as the West Coast for more than ten days from the end of September through the start of November in order to promote the destinations.

Employing the successful Road Show format in collaboration with wholesaler Mexico Unlimited the CVBs visited eight cities in order to update and train more than 400 US travel agents.

The objective was to demonstrate the ample tourism offerings both destinations can provide for the leisure and vacation segments. Among the cities toured were: Milwaukee, Kansas City, Omaha, Denver, Oakland, San Jose, Portland y Seattle.

The events all included dinner and a presentation; each one opened with a Trade Show with the participating hotels. Round tables were provided so the hoteliers could provide information in a different manner to the attending travel agents.

The shows held in collaboration with wholesaler Mexico Unlimited began with a Trade Show followed by the presentation of the Vallarta-Nayarit brand. It’s important to point out the Riviera Nayarit and Puerto Vallarta were the only destinations that had the opportunity to present.

These promotional actions stem from the importance of these particular regions in the United States, which provide a major influx of visitors to both destinations during the yearly winter season.

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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) reported its consolidated results for the third quarter ended September 30, 2014. Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards (“IFRS”), issued by the International Accounting Standards Board (“IASB”). All amounts are presented in nominal pesos.

Summary of 3Q14 vs. 3Q13:

  • The sum of aeronautical and non-aeronautical revenues increased Ps. 58.3 million, or 6.4%. Total revenues increased Ps. 50.6 million, or 3.8%.
  • Cost of services increased Ps. 12.9 million, or 4.4%, compared to 3Q13.
  • Operating Income increased Ps. 63.1 million, or 10.7%.
  • EBITDA increased Ps. 65.9 million, or 8.1%, in 3Q14 compared to 3Q13. EBITDA margin (excluding the effects of IFRIC 12) increased from 67.5% in 3Q13 to 67.8% in 3Q14.
  • Net income and comprehensive income increased by Ps. 69.1 million, or 14.9%.

For the full version of this report please visit www.aeropuertosgap.com.mx

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The 2nd annual invitation-only The Mexican Healthy Products Summit will connect Mexico's major retailers with North American based healthy products companies that want to pursue new opportunities or expand distribution in the Mexican Market.

The Mexican Healthy Products Summit offers an exclusive opportunity for healthy products companies interested in beginning or expanding distribution in the Mexican retail marketplace. Over 60 buyers representing six sectors of Mexican retailers will attend. These six sectors include Supercenters such as Walmart and Costco; Supermarkets such as HEB Mexico, Chedraui, and Commercial Mexicana; Specialty Health Food Stores including The Green Corner and Origenes Organicos; Pharmacies including Benavides and Guadalajara; Convenience Stores such as Oxxo and Super City; and Department Stores including Liverpool and El Palacio de Hierro.

Building off the first show's success, exhibitors and buyers will have the opportunity to establish and build relationships in an intimate, fun setting with one-on-one meetings and networking events. Also, expert speakers will present on topics ranging from Reaching the Mexican Consumer, The Latest Healthy Lifestyle Trends and Research, and Best Export Practices.

A New Opportunity in an Evolving Mexican Landscape
Mexico's burgeoning healthy products market reflects a growing middle class, the government's campaign to fight obesity through education, new food nutrition laws, and increased access to healthier products. As Mexican consumers begin to change their lifestyle habits, a variety of retailers are striving to meet the demand for healthier choices.

Following the inaugural 2014 Summit one retailer commented, "We are grateful for the opportunity they gave us to participate in The Summit. Recently, we had a business meeting in Mexico with one of the suppliers we met at the show. I am happy to announce that we will now offer their products in our stores. Next week, we have an appointment with another vendor who we met at The Mexican Healthy Products Summit and I am sure we will come to a deal, as we are very interested in their products." Another buyer said, "It was great to have the opportunity to do more business with the brands that interest our company, because every day now, there is more and more demand in Mexico for products related to health and well-being. It was also fantastic to learn about the potential of products that we don't carry like personal care, special diet, and other newly trending products."

Similarly, the manufacturing sponsors reiterated these sentiments on the benefits to their companies.

Boulder Brands' Vice President, General Manager, International Sales, Joe Gancio evaluation of the summit, "Extremely productive... we found the networking to be outstanding. It gave us the opportunity to meet new customers and open up some new doors to the Mexican market."
Desert Essence, Director of Sales, Pat Deveau echoed, "It's been a great show for us. We met a lot of new customers, and we learned how to enter the Mexican market."
Lundberg Family Farms' Todd Kluger, Vice President of Sales and Marketing, highlights the value of attending the Summit. "It has been a wonderful event. We had a great chance to meet retailers. In the past, we only had distribution going through distributors into Mexico, so we did not have contact with the retailers themselves. We had a real chance to sit down and talk to the retailers and discuss how we build our brand to the consumer and connect with the consumer that wants healthy and organic products."
John Pagliaro, President of The Mexican Healthy Products Summit, has partnered with Trade Show Consulting, LLC., a seasoned trade show event producer in the US and Mexico. According to Pagliaro, "The Mexican healthy products market is rapidly expanding as consumers become more aware of how what they eat and what they place on their bodies affects their overall well-being. Healthy food and personal care products are leading the way and the Mexican retail sector is looking for new products to sell."

Exhibitor Information
The Mexican Healthy Products Summit will take place January 23-25, 2015 at the Sheraton Buganvilias Resort and Convention Center in Puerto Vallarta, Mexico. For details and to exhibit, contact John Pagliaro at This email address is being protected from spambots. You need JavaScript enabled to view it. or 410.828.4637 and visit www.healthyproductssummit.com.

About Trade Show Consulting, LLC
For over 22 years Trade Show Consulting has produced consumer and trade shows in the United States and Mexico and specializes in launching new events. The company researches trends, markets and attendee interests to identify potential shows to bring buyer and seller together in a neutral forum. ExpoNext awarded Trade Show Consulting the distinguished honor of producing one of the Top 25 Fastest Growing Shows of 2012, Fabtech Mexico. For more information visit www.tradeshowconsult.com.

If you want to begin selling your products in Mexico or start selling more products in Mexico, The Mexican Healthy Products Summit provides you with exclusive access to the Right People

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SOURCE The Mexican Healthy Products Summit

 

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Tsumat (Photo credit: superyachtfan.com)

When it comes to personal choices, some of Mexico’s superrich like to buy real estate, art collections, and zoos with exotic animals, while others prefer luxury yachts, expensive and professionally crewed vessels. There are currently five Mexican billionaires and millionaires known to own luxury yachts, according to superyachtfan.com, a web site about luxury yachts and their secretive owners.

Because of her outstanding lavishness, Tsumat–a 164 foot tri-deck custom built super yacht bought by Mexican millionaire Alfredo Chedraui Obeso–outshines the other yachts owned by Mexicans. Chedraui is Chairman of Grupo Comercial Chedraui.

In  December 2012, Trinity YachtsTsumat’s U.S. based builder, announced  Tsumat’s delivery to her owner in a press release that did not identify the owner by name.  According to Trinity Yachts,  Tsumat‘s layout includes six state rooms which are able to accommodate 12 people. There is living space for the 11 crew members in the lower deck. A tender garage, instead of the usual helipad,  allows for an oversized sundeck with workout stations and entertaining options. The sundeck has a hot tub, bar, dining for eight, quad chaise lounging, treadmills, weights and large sunning areas

Tsumat‘s interior features open-grain walnut and dark oak veneer accents, hand-stitched leather walls, wool carpets, heated onyx floors, backlit onyx columns, custom-made onyx sinks, natural granite and onyx slabs as well as different marble blocks imported from Mexico. Transitional areas like foyers and stairs are distinguished with chocolate tile leather floors and leather covered railings.

Wall and ceiling panels are upholstered in suede. Leather headboards in the guest suites continue around to the side walls. Even the doors and hinges are wrapped in leather. Pieces of art from the owner’s private collection are displayed throughout.

Tsumat is registered in U.S. records under Alfredo Chedraui, with his company Grupo Comercial Chedraui’s headquarters in Veracruz’s capital, Xalapa, as the address. Yet people close to Chedraui declined to confirm the owner’s identity. William Smith, spokesperson for Trinity Yachts, told me by email that the company’s policy “is not to comment on any potential or actual owners of our yachts.” Patricia Medina, Chedraui’s secretary in Veracruz, told me that her boss is out of the country and that she was not authorized to disclose any information. Tsumat’s leading interior designer, Ramón Alonso of Loguer Design with offices in Mexico and Miami, did not return emails or phone calls.Tsumat, which reportedly means “beautiful girl” or “princess” in an ancient Mexican indigenous language, was commissioned to Trinity Yachts in 2009 and delivered to Chedraui in December 2012. Chedraui closely monitored the process. According to BoatInternational, “the owner” was very hands-on and visited the yard upwards of 20 times during the build. With an estimated price of $50 million, Tsumatreplaced Tajin, which Chedraui sold in 2009. Tajin was also built by Trinity Yachts.

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Ricardo Salinas Pliego (Photo credit: Wikipedia)

Why the secrecy? “It most likely has to do with both taxes and privacy. Yachts are mostly owned through off-shore companies to avoid taxes or ownership duties,” an American expert on luxury yachts who requested not to be named told me.

Privacy is also an issue. Mexican owners of luxury yachts are controversial figures who typically run big corporations which often face labor disputes. By hiding their lavish yachting lifestyle, in a country where half of the population lives below the poverty line, owners may be trying to avoid a public opinion backlash caused by displaying further proof of economic inequality. The combined estimated value of the yachts owned by Mexicans is just shy of $600 million.

The following are the Mexicans who, according to superyachtfan.com, own luxury yachts:

Alfredo Chedraui Obeso, Tsumat‘s owner is a low-key businessman of Lebanese descent from the state of Veracruz on the Gulf of Mexico. As Chairman of Grupo Comercial Chedraui, he runs one of Mexico’s leading retailers. With brother Antonio and other family members, including son José Antonio Chedraui Eguía, Alfredo oversees the company founded by his immigrant grandparents in 1920. In 2013, Forbes Mexico estimated Alfredo Chedraui’s net worth at $931 million, and Antonio’s at $656 million.

Emilio Azcárraga Jean, chief executive of Grupo Televisa , Mexico’s television monopoly, owns the yacht “TV”, a 259.84 foot vessel built by Lürssen Yachts in 2008. Azcárraga is reportedly trying to sell “TV” for $180 million. Yachts are part of the Azcárraga family. The luxury yacht Eco, owned by his late father Emilio Azcárraga Milmo, was sold by son Emilio after Azcárraga Milmo died in 1997. With a net worth estimated by Forbes at $3 billion, Emilio Azcárraga Jean ranks # 555 richest in the world.

Alfredo Chedraui Obeso, Tsumat‘s owner is a low-key businessman of Lebanese descent from the state of Veracruz on the Gulf of Mexico. As Chairman of Grupo Comercial Chedraui, he runs one of Mexico’s leading retailers. With brother Antonio and other family members, including son José Antonio Chedraui Eguía, Alfredo oversees the company founded by his immigrant grandparents in 1920. In 2013, Forbes Mexico estimated Alfredo Chedraui’s net worth at $931 million, and Antonio’s at $656 million. owns Grupo Bal, a holding company which controls Industrias Peñoles, the second biggest Mexican mining company and the largest silver producer, as well as El Palacio de Hierro, a department store chain. Bailleres’s Mayan Queen is a 301.84 foot yacht built by Blohm & Voss in 2008, which is reported to have cost $140 million. With a net worth estimated by Forbes at $11.3 billion, Bailleres is Mexico’s third richest person.

Ricardo Salinas Pliego owns retail, banking and Mexico’s second largest TV network, TV Azteca. His luxury super yacht, “Azteca,” is a 236.22 footer built in 2009 by CRN Spa with an estimated built value of $80 million. With a net worth estimated by Forbes at $7.4 billion, Salinas ranks # 177 richest in the world.

Carlos Peralta Quintero, Chairman and CEO of Grupo IUSA, was listed byCNNExpansión among Mexico’s 100 top businessmen in 2013. In 2012, Peralta sold Princess Mariana, a 250 foot yacht built by Fraser Yachts. The asking price was $180 million. Peralta currently owns Moon Goddess, a 115 foot chase boat. In the 1990s, Peralta said he gave Raúl Salinas de Gortari, the former President’s brother who became a symbol of Mexico’s corruption and impunity, $50 million, no receipts given and no questions asked. The funds ended up in a secret Swiss bank account.

[readon1 url="http://www.forbes.com/sites/doliaestevez/2014/10/22/mexicos-five-luxury-superyacht-owners/"]Source:www.forbes.com[/readon1]

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Interviews with the Brazilian media took place at the end of September, which generated millions of promotional impacts. Other activities included email marketing to more than 50 travel agencies during the ABAV Fair.

The Riviera Nayarit and Puerto Vallarta were present during Brazil’s 2014 ABAV Fair (Brazilian Association of Travel Agencies), one of the most important expos of its kind in Latin America. The brand was represented in the Mexico pavilion by invitation of the Mexico Tourism Board (MTB).

The Riviera Nayarit Convention and Visitors Bureau (CVB) made the most of this opportunity by dynamically promoting the destination. The public relations department held face-to-face interviews with the Brazilian media from September 24-26, which will generate millions of impacts in the upcoming weeks.

Media such as PanRotas, a travel industry publication followed by nearly two million Brazilians a month, not counting the eight thousand daily papers they circulate, and others such as Diário Do Turismo and Embarque Na viagem, which receive over 600 thousand visitors per month, were on hand during these encounters to promote the Riviera Nayarit.

The TV station SBT, reaching 182 million viewers, and Record, with more than 8 million viewers, have also become informational allies for the Riviera Nayarit.

And as if this weren’t enough, the public relations agency in Brazil also created a mailing to more than 50 Brazilian travel agencies, placing the latest updates from the Riviera Nayarit into the hands of the agents so they can better sell the destination.

In this manner the invitation on behalf of the MTB was put to good use during this important expo, making the most of the personnel that collaborates with the Riviera Nayarit in Brazil in order to generate a viral flow of information about the region that will benefit the destination’s citizens in the medium to long term.

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As a travel consultant you’re in charge of guiding each one of your clients efficiently and providing them with the newest travel information available. That’s why at the Riviera Nayarit Convention and Visitors Bureau we do our best to offer you the fresh content and tools you’ll need to help you close sales.

We have great content online to fulfill every need. Below please find links to different topics and segments:

Meetings and Wedding Planners:
http://www.rivieranayarit.com/mice_planners

Group Bookings:
http://www.rivieranayarit.com/travel_professionals_nayarit#tab9

Sales materials including map guides, wedding brochures and MICE brochures:
http://www.rivieranayarit.com/travel_professionals_nayarit#tab3

Become a destination specialist for the Rivera Nayarit:
http://www.rivieranayarit.com/travel_professionals_nayarit#tab4

Events are an important part of life in the Riviera Nayarit; we have something new to share every month:
http://www.rivieranayarit.com/calendar_events

And why not come for yourself to get to know the destination or update your personal files by experiencing our luxury accommodations, our beautiful nature and the diverse activities for yourself? We have special rates just for you: http://www.rivieranayarit.com/travel_professionals_nayarit#tab6

TravelSpecialist2