Showing posts with label Hurt. Show all posts
Showing posts with label Hurt. Show all posts
Yes badly. And according to the Wall Street Journal there is likely more pain on the way.
The full article is below but here are a few main points:
"Foreign visitors may generate $4 billion less in revenue this year than the $13 billion last year, says Tourism Minister Rodolfo Elizondo. The travel industry...employs 2 million."
"Hotels in the resort town of Cancún are running at 29% occupancy during May compared to the usual average 74%"
"Mexico isn't going to be a basket case like Argentina or Venezuela, but it's not going to rebound from this crisis like Brazil, China or India either. That could mean years of sub-par growth,"
The full article is below but here are a few main points:
"Foreign visitors may generate $4 billion less in revenue this year than the $13 billion last year, says Tourism Minister Rodolfo Elizondo. The travel industry...employs 2 million."
"Hotels in the resort town of Cancún are running at 29% occupancy during May compared to the usual average 74%"
"Mexico isn't going to be a basket case like Argentina or Venezuela, but it's not going to rebound from this crisis like Brazil, China or India either. That could mean years of sub-par growth,"
Yes it did hurt..im not sure how much but it was noticeable. The clubs lost alot of revenue from when the stadiums were closed..and even when they could only have half full stadiums..alot of the revenue the teams make rely on ticket sales. Not only ticket sales..but concession stands...no one to buy from the concession stands..all this adds up, and im pretty sure the owners felt it in their pockets.
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