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National Trust Fund for Tourism Development

National Trust Fund for Tourism Development. Introduction Economics in Mexico Tourism Economy in Mexico Tourism Investment in Mexico Tax incentives in Mexico What is FONATUR? FONATUR’s Advantages FONATUR’s Achievements Integrally Planned Developments Investment Opportunities

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National Trust Fund for Tourism Development

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  1. National Trust Fund for Tourism Development

  2. Introduction Economics in Mexico Tourism Economy in Mexico Tourism Investment in Mexico Tax incentives in Mexico What is FONATUR? FONATUR’s Advantages FONATUR’s Achievements Integrally Planned Developments Investment Opportunities Marina Cozumel IPD Sinaloa Capomo IPDs IPD Huatulco IPD Ixtapa IPD Cancun IPD Los Cabos IPD Loreto Contact Table of Contents

  3. Economics in Mexico Unemployment Rate Percentage Gross Domestic Product Thousands of Million pesos at constant prices 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2011 Total Exports Millions of Dollars Inflation Rate Percentage 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Fuente: Inegi, Banxico

  4. Tourism Economy in Mexico Exchange Rate (MXN /USD) • The tourism participation in the Gross Domestic Product is ~9% • 80% of the tourism activities is hold by the national market • Current population is about 112.3 million people • National tourism flows: 56.4 million passengers 14 14 13 11 11 11 11 11 11 12 10 9 10 8 6 4 2 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Direct Foreign Investment in Hotels and Restaurants (million dollars) Tourism Trade Balance (Million Dollars) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Banxico, Ministry of Economics, SIIMT

  5. 8 Tourist Region Ranking Country arrivals 1 France 67.8 Europe 2 USA 52.5 North America 3 Spain 51.7 Europe 4 China 50.0 Asia 5 Italy 41.6 Europe 6 UK 27.5 Europe 7 Turkey 25.2 Europe 8 Germany 23.7 Europe 9 Malaysia 23.4 Asia 10 Mexico 21.5 North America 11 20.3 Ukraine Europe Tourism Investment in Mexico • It is one of the world’s most stable, open and deregulated developing economies, providing foreign investors all the necessary legal facilities and guarantees. • Mexico is one of the most important tourist destinations in the world. • It offers a wide variety of opportunities for private investment through FONATUR. • Tourism is a national priority with the objective of positioning Mexico among the 5 most visited countries as of 2018. • The total tourism investment in Mexico was ~$2.6 billion dollars. • In the last six years the infrastructure investment was about 574.9 million dollars. Ranking by currency income … … … Source: SECTUR Private investment identified in the tourist sector, Dec. 2009

  6. Tax incentives in Mexico • Temporary taxes exemption and state fees • Construction license payment exemption • Taxes and state fees reductions • Reductions in the rights generated from the Property Public Register • Reduction of real estate acquisition tax • Reduction in the payment of licensing fees for construction • Payroll tax cuts to companies that create new jobs Note: fiscal and legal incentives may vary by state

  7. What is FONATUR? The National Fund for Tourism Development (FONATUR for its initials in Spanish) • Is part of the semi-private public sector • Is under the sector coordination of the Ministry of Tourism • Adapts its actions to the National Development Plan and the National Tourism Program To be the institution responsible for the planning and development of sustainable tourist projects of national impact. To be the organism that promotes investment in the country’s tourist sector. Mission

  8. What is FONATUR? • FONATUR pioneered the planned tourism in Mexico creating Cancun (1974), Ixtapa (1974), Los Cabos (1976), Loreto (1976) and Huatulco (1984). • Cancun started the concept of IPD with the objective of developing tourism in an ordered manner, ecologically friendly and respecting the local urban development. • These efforts helped attract international tourism placing Mexico among the top tourist destinations in the world, six folding the number of international tourists that visit Mexico and generating well paid jobs. FONATUR established a new paradigm: Long-term planning as a reliable way to guide decision-making

  9. FONATUR’s advantages Investment Advantages Added Value Observed in FONATUR’s IPDs • FONATUR’s IPDs are developed through sustainable master plans • FONATUR provides maintenance to the IPDs, thus guaranteeing their status • Buying from a government agency gives legal certainty to the investors • FONATUR provides all services to the lot • FONATUR prices are competitive and also have financing schemes Average price by m2 USD/ m2 CGAR 2 11% Cancún 10% Los Cabos 3% Ixtapa 9% Huatulco 5% Loreto IPD Begining 1990 2000 2010 1 IPD Begining: Cancún 1974; Los Cabos 1976; Ixtapa 1978; Loreto 1980; Huatulco 1984 2 CGAR: Compound Growth Annual Rate

  10. FONATUR’s Achievements Promotion of private investment Observed results Private investment (dollars) for each dollar invested by FONATUR Beach hotels located in FONATUR’s IPDs Foreign tourists that visit FONATUR’s IPDs 20% Cancun 19 40% FONATUR’s investment Los Cabos 14 1 Dollar Hotel capacity installed in IPDs Tourism Revenue generated in IPDs Ixtapa 20% Huatulco 44% FONATUR has invested 2.7 billon dollars Loreto

  11. Integrally Planned Developments (IPD)

  12. Introduction Economics in Mexico Tourism Economy in Mexico Tourism Investment in Mexico Tax incentives in Mexico What is FONATUR? FONATUR’s Advantages FONATUR’s Achievements Integrally Planned Developments Investment Opportunities Marina Cozumel IPD Sinaloa Capomo IPDs IPD Huatulco IPD Ixtapa IPD Cancun IPD Los Cabos IPD Loreto Contact Table of Contents

  13. Marina Cozumel

  14. Location • Marina Cozumel • Located in Cozumel Island, Quintana Roo, 40 Km east from Playa del Carmen (40 minutes). • Accessibility • Cozumel International Airport • Distance: 8 Km • Travel time: 10 minutes • Cancun International Airport • Distance: 5 Km to Playa del Carmen • Travel time: 30 minutes • Ferry (Playa del Carmen – Cozumel) • Distance: 19 Km • Travel time: 40 minutes • Puerta Maya (Cruise ship pier) • Distance: 100 meters • Travel time: 5 min • Regional attractions • Natural: • Mildly warm climate • Reef, forest, mangrove zone • Exotic flora and fauna • Cultural: • Archeological zone • Traditional architecture • Traditional festivals

  15. Statistics Cozumel Airport Cancun Airport Passengers Flights 3000 250000 50000 6000 2586 2460 2500 5000 200000 40000 Passengers (in thousands) 2000 4000 1537 150000 Passengers 30000 Flights 3000 1500 20000 100000 Flights 2000 1000 10000 50000 1000 500 0 0 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Cozumel tourist arrivals (in thousand) Cancun tourist arrivals (in thousand) National Foreign +37% +32% 924 4097 4041 56% 3266 3072 3004 572 553 2432 526 447 384 74% 1753 1756 26% 44% 297 1100 233 938 982 845 181 178 138 119 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Registered Rooms in Cozumel Registered Rooms in Cancun +9% +5% 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Source: Sistema Integral de Información de Mercados Turísticos

  16. Project Characteristics • 1.13 Km waterfront • 180º panoramic ocean views • Total surface: 108.10 Acres • Saleable surface: 64.33 Acres • Maximum capacity: 1622 units • Hotel: 572 units • Residential: 1,050 units • Marina: 333 positions (on construction)

  17. Marina Cozumel

  18. Tourist attractions • Nautical services: • Tourist marina • Yacht club • Dry marina • Gas station • Infrastructure: • Commercial zone • Dynamic waterfront • Residential cluster • Recreational activities: • Beach club • Clubhouse • Restaurants • Sport courts • Theme park • (Cenote “El aerolito”)

  19. Master Plan Marina Cozumel Land use distribution Percentage with respect to total m2 Urban plan Marina Cozumel 13% Hotel Commercial Marina with 333 positions Residential Single family 24% 1% Tourism facility Other* Number of lots • Coming Soon: • Hotel: 4 • Commercial: 2 • Residential: 3 • Tourism facility: 1 • Available Lots • Commercial: 1 • Residential: 9 • Single Family: 55 • Tourism facility : 1 * Urban equipment, green areas, etc.

  20. Use of land

  21. Introduction Economics in Mexico Tourism Economy in Mexico Tourism Investment in Mexico Tax incentives in Mexico What is FONATUR? FONATUR’s Advantages FONATUR’s Achievements Integrally Planned Developments Investment Opportunities Marina Cozumel IPD Sinaloa Capomo IPDs IPD Huatulco IPD Ixtapa IPD Cancun IPD Los Cabos IPD Loreto Contact Table of Contents

  22. IPD Sinaloa

  23. Location • IPD Sinaloa • Located in the municipality of Escuinapa, Sinaloa, 90 Km south from Mazatlan (90 minutes). • Mazatlan • Second main city in Sinaloa. • One of the main beach destinations in the northwest region and in the country. • Fifth cruise destination in Mexico. • It has the second biggest fishing fleet in Mexico. • Private investment of $270.5 Million Dollars (2010).

  24. Influence Area Mazatlan´s Tourist Arrivals (in thousands) Foreign National +233% 1604 1474 26% 1297 1254 1239 481 74% 1181 1162 1056 988 968 90 391 2005 2006 2007 2008 2009 2010 • Although Mazatlan has excellent international airlift and connectivity, the domestic market using ground transportation is of great importance. Number of Guestrooms in Mazatlan Occupancy Rate (%) +12% 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Source: SIIMT

  25. Accessibility • The IPD Sinaloa has very good accessibility through: • Mazatlan International Airport • Distance to IPD Sinaloa: 85 Km • Travel time to IPD Sinaloa: 55 min. • Teacapan Airport* (Projected) • - Distance: 26 Km • Travel time: 20 min. • Federal Highways • Mexico City – Nogales • Mazatlan – Durango Highway (under construction) * There is an existing air strip which could be upgraded depending on future demand.

  26. Project Characteristics • Total surface: 5,883.6 Acres • Saleable surface: 2,351.7 Acres • 12 km waterfront • 100 meter beach width approx. • 180º panoramic ocean views • Conservation surface 1383.5 Acres • Maximum capacity 44,013 Units • Hotel: 11,967 units • Residential: 32,046 units • Land use: • Residential with low, medium and high densities. • Commercial Mixed-use • Hotel

  27. IPD Sinaloa

  28. Tourist Attractions • Cultural infrastructure • Interpretative zone • Cultural center • Universities • Libraries • Retiree zone • Nautical infrastructure: • Marina • Island • Canal zone • Dynamic waterfront • Ski track • Recreational infrastructure • Golf courses • Beach clubs • Theme park • Sport module • Recreational promenades • Shopping malls

  29. 48% Master Plan Trigger zone (1st stage of development) Will have urban infrastructure, hotels and commercial area Land use distribution Percentage with respect to total sq/m 11% 4% Hotel Commercial Residential 31% Tourist facilities Other* 6% * Golf course, urban equipment, green areas, etc.

  30. Introduction Economics in Mexico Tourism Economy in Mexico Tourism Investment in Mexico Tax incentives in Mexico What is FONATUR? FONATUR’s Advantages FONATUR’s Achievements Integrally Planned Developments Investment Opportunities Marina Cozumel IPD Sinaloa Capomo IPDs IPD Huatulco IPD Ixtapa IPD Cancun IPD Los Cabos IPD Loreto Contact Table of Contents

  31. Capomo

  32. Influence Zone • Riviera Nayarit • Is a 160 km long corridor, located on the Nayarit state • Is a combination of exclusive developments, pristine beaches, flora and fauna • It runs from Nuevo Vallarta to San Blas port • Riviera Nayarit attractions • Touristic: • Special category hotels • Golf courses • Marinas • Naturals: • Beaches • Whale watching • Tropical jungle • Nuevo Vallarta • ~5,450 hotel rooms offer (4, 5 stars and Grand tourism hotels) • Punta Mita • 4 hotels current offer (783 rooms): • 2 special category hotels (Four Seasons 140 rooms and St. Regis con 120 rooms) • 2 five stars hotels (Palladium Vallarta with 423 rooms and The Royal Suites Palladium con 100 rooms • Puerto Vallarta (Jalisco) • ~7,520 hotel rooms offer (4, 5 stars and grand tourism hotels) Puerto Vallarta

  33. Influence Zone Puerto Vallarta Airport (in thosands) Tepic Airport (in thousands) Passengers Flights 2000 60000 20000 2000000 1,676 2000 60000 1603 50000 1482 50000 1500 1,282 15000 1500000 1,243 Passengers 1500 Flights 40000 1,172 1,126 1172 40000 Flights Passengers 1000 30000 10000 1000000 1000 30000 697 567 20000 20000 500 5000 500000 500 10000 10000 0 0 0 0 0 0 2006 2007 2008 2009 2010 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Nuevo Vallarta tourist arrivals (in thousands) Puerto Vallarta tourist arrivals (in thousands) +3% National -18% Foreing 1493 829 1431 1432 1342 752 1223 661 642 642 625 1104 59% 65% 466 415 649 630 360 360 596 555 41% 35% 273 261 422 390 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Registered rooms Occupation percentage Nuevo Vallarta Puerto Vallarta +2% -15% +25% -18% 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Source: Sistema Integral de Información de Mercados Turísticos

  34. Capomo Characteristics • Location • Compostela, Nayarit • 115 Km north of Puerto Vallarta; 90 minutes • 69 Km north of Punta Mita; 50 minutes • Accessibility • Tepic National Airport • Distance: 90 Km • Travel time: 1.5 hours • Puerto Vallarta International Airport • Distance: 70 Km • Travel time: 1 hour • Puerto Vallarta – Compostela federal highway • Chacala’s Port • Railroad • Regional attractions • Natural: • Sub-humid warm climate • Deciduous jungle • Palm grove zone • Mangrove zone • Diverse fauna (22 classes of amphibians, 44 classes of birds and 11 different species of mammals)

  35. Project characteristics • Cliff zone, marsh and flat zone • 3.5 Km waterfront • 50 meter coastal beach dune • Total surface: 630.7 Acres • Saleable surface: 353.9 Acres • Polygons: • Boca de Becerros • Boca de Naranjos • AnexoCuevitas • Maximum capacity: 4,822 units • Hotel: 1,592 units • Residential: 2.996 units • Commercial: 248 units • PGA class 18 hole golf course (197.2 Ha)

  36. Capomo

  37. Tourist attractions • Infrastructure • Golf courses • Beach clubs • Commerical zone • Recreational activities • Entertainment centers • Theme trail by marsh • Recreational promenades • Shopping malls

  38. Master Plan Capomo Anexo Cuevitas (Third stage) Boca de Naranjos (Second stage) Boca de Becerros (First stage) Land use distribution Number of Lots Hotel • Second Stage: • Residential: 2 • Single Family: 53 • First Stage: • Hotel: 3 • Commercial: 4 • Residential: 7 • Single family: 47 • Touristic Services: 4 • Third Stage: • Hotel: 3 • Commercial: 1 • Residential: 13 • Touristic services: 3 12% Commercial 2% 42% Residential Single Family 40% 2% Tourist equipment 3% Others* * Others: Golf Course, streets,green areas, touristic services, etc.

  39. Land use table

  40. Introduction Economics in Mexico Tourism Economy in Mexico Tourism Investment in Mexico Tax incentives in Mexico What is FONATUR? FONATUR’s Advantages FONATUR’s Achievements Integrally Planned Developments Investment Opportunities Marina Cozumel IPD Sinaloa Capomo IPDs IPD Huatulco IPD Ixtapa IPD Cancun IPD Los Cabos IPD Loreto Contact Table of contents

  41. IPD Huatulco • Location: • Huatulco, Oaxaca • Accessibility: • Huatulco International Airport • Number of flights to destination in 2010: • Domestic: 938 • International: 199 • Investment: • Private investment: USD$ 193 millions in Oaxaca in 2010 • Guest rooms • 3,056 in 2010 • Local and Municipal incentives to investors: • Tax and state rights relief • Payroll tax temporary exemption for new companies • Tax and state rights fees reduction • Temporal payroll tax reduction • 84 Available Lots

  42. IPD Huatulco

  43. IPD Ixtapa • Location: • Ixtapa, Guerrero • Accessibility: • Ixtapa International Airport and Acapulco Airport • Main Highways (Morelia – Ixtapa Zihuatanejo, Mexico City – Acapulco) • Number of flights to destination in 2010: • Domestic: 1,263 • International: 717 • Investment: • Private investment: USD $211 millions in Guerrero in 2010 • Guest rooms • 5,324 in 2010 • Local and Municipal incentives for investors: • Tax and state rights relief • Payroll tax temporary exemption for new companies • Building license’s tax exemption • Temporal payroll tax reduction • 57 Available lots

  44. IPD Ixtapa

  45. IPD Cancún • Location: • - Cancún, Quintana Roo • Accessibility: • Cancún International Airport • Number of flights to destination in 2010: • Domestic: 8,259 • International: 18,331 • Investment: • Private investment: USD $340 millions in Quintana Roo in 2010 • Guest rooms • 30,131 in 2010 • Local and Municipal incentives for investors: • Tax and state rights relief • Public Registry of Property and Commerce duty exemption • Property tax reduction • Special incentives for research and technology development • 25 Available lots

  46. IPD Cancún

  47. IPD Los Cabos • Location: • San Jose del Cabo, B.C.S. • Accessibility: • Los Cabos International Airport • Federal highway No.1 or Transpeninsular Highway • Number of flights to destination in 2010: • Domestic: 2,687 • International: 4,772 • Investment: • Private investment: USD $64 millions in Baja California in 2010 • Guest rooms • 12,375 in 2010 • 78 Available lots

  48. IPD Los Cabos

  49. IPD Loreto • Location: • Loreto, B.C.S. • Accessibility: • Loreto International Airport • Federal Highway No.1 Transpeninsular Highway • Investment: • Private investment: USD $64 millions in Baja California in 2010 • Guest rooms • 1,061 in 2010 • 22 Available lots

  50. IPD Loreto

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