Quantcast
Destinations Central & South America

Acapulco asks Mexican government to make up for canceling the city’s annual tourism fair

Nov 14, 2012 9:01 am

Skift Take

It’s not the profits lost from the relocation of the fair, but a wave of gang violence and American reluctance to visit this part of Mexico that’s led the famous vacation destination into a sea of debt.

— Samantha Shankman

The Latest Intelligence on the Travel Industry

Free Report: India Tourism Insights Report

Andy  / Flickr.com

Resorts along the ocean in Acapulco, Mexico. Andy / Flickr.com


Mexico’s famous Pacific resort of Acapulco is being inundated, not by rising sea levels, but by a flood of debt.

The city’s mayor says the local government has been “collapsed” by a total of $162 million in municipal debt built up by a former mayor. That figure exceeds the beach city’s annual budget of about $150 million.

Mayor Luis Walton has asked the federal government to step in to help the city, whose economy was battered after the government moved an annual tourism fair it used to host.

Walton’s predecessor said Tuesday that the mayor is exaggerating the city’s problems. Former Mayor Manuel Anorve tells local media that he actually reduced the city’s debt.

Acapulco has been battered in recent years by a wave of drug-gang violence.

Tags: , ,

Next Up

More on Skift

This Eco-Friendly Airplane Window Shade Could Be Your Smartphone’s New Best Friend
It’s Time to Consider Cabinet-Level Post for Travel, Says Loews Chairman
Travel Channel Combines Time Travel and a Comedian for Latest Series
How Business Travelers Can Benefit from Hotel Loyalty Programs