| | |  News from Around Banderas Bay | May 2009 
Coparmex Vallarta: 50 Million Isn't Enough
 PVNN
 |  | Puerto Vallarta's tourism industry is estimated to have lost 500 or 600 million pesos over the last 3 1/2 weeks. |  | | |
According to an economist at the University of Guadalajara, the biggest impact of the flu crisis was to the tourism sector of the Mexican economy. And, according to an article published in The Guadalajara Reporter on May 16, the government's 50 million peso aid package for tourism related businesses in the state of Jalisco might be too little, too late.
| The Jalisco tourism industry is up in arms after learning they will receive just 50 million pesos of the 750 million to be given out nationwide following the devastating effect of swine flu on the industry.
The measly 50 million given to the state government from Mexico City pales in comparison to the 500 or 600 million pesos that the region is estimated to have lost.
Coparmex Vallarta, or the Vallarta Employers’ Association, slammed the decision. Said President Margarita Ortiz: "Of course 50 million isn’t enough. Puerto Vallarta needs a lot more than that. And that is only Puerto Vallarta."
Business owners hope more encouraging news will come from the federal government in the near future and from a meeting between the Jalisco Secretary of Tourism and the Council of Promoting Tourism Mexico (CPTM) "to see what is the probability of getting more money from the federal government."
Hotels in Puerto Vallarta alone are thought to have lost 85 million pesos according to the State Tourism Department. Clubs and bars are thought to have lost 3 million pesos a day since the ban came into effect on April 27 and in combination with the damage done to the restaurant sector the tourism industry is estimated to have lost 500 or 600 million pesos. | |
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