Sunday, November 30, 2025

Shuttered tourism marketing agency has debt of 70 million pesos

The disbandment of the Tourism Promotion Council (CPTM), a move that was severely criticized by the tourist industry, has revealed that the agency owed 70.6 million pesos (US $3.7 million) when it was shut down.

The council’s latest financial statements, updated with August 2018, figures, indicate that there are several legal proceedings against it.

The biggest single debt owed by the organization that was responsible for international tourism marketing is 27.4 million pesos in salaries and bonuses to employees.

A data storage and computer systems maintenance firm, Compliance Officers, has sued for breach of contract, demanding the payment of 1.5 million pesos owed for services provided.

The CPTM and its 21 offices abroad were liquidated last month by the federal government.

Tourism promotion will now fall under the jurisdiction of Mexico’s embassies around the world.

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
A farmer sits on a blue tractor in front of a Corona beer factory

Mexico’s week in review: Nationwide blockades and a federal leadership shake-up

2
The sudden exit of Mexico's controversial attorney general and disruptive nationwide protests marked the week of Nov. 24-28, as the country continues to navigate economic and security challenges.
Travis Bembenek sits at a desk recording a podcast while wearing a Mexico News Daily T-shirt

A few words about the new MND Merch and MND culture: A perspective from our CEO

1
You asked, MND delivers: CEO Travis Bembenek introduces MND Merch, so readers can rep the MND mission across Mexico and beyond.
ANTAC AND FNRCM

Truckers end blockades after marathon negotiation results in an accord

2
Mexico's roads, toll booths and ports of entry are returning to normal Friday after four days of protests over unresolved highway security, water use and agricultural policy issues.
BETA Version - Powered by Perplexity