Sunday, June 16, 2024

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.
Two damaged SUVs after a car accident.

President-elect Sheinbaum unharmed after a deadly accident involving her motorcade

The crash killed an elderly woman and injured another person. No injuries were reported among Sheinbaum and her team.
Young fruit seller looks at his cell phone in Mexico City

Over 80% of Mexicans are now internet users, up 9.7 points from 2020

Connectivity has increased steadily in Mexico, particularly among the young, though there is still a digital divide between urban and rural areas.
A lake with low water levels in Toluca

Below-average rainfall worsens drought conditions as Mexico awaits summer rains

The country is in the grip of one of the worst droughts in the last decade, with half the usual amount of rain so far this year.