Mexico launches soft credits for travel agencies
The Secretary of tourism stressed that access to credit, preferential interest rate, will allow travel agencies grow, invest resources and provide better service to its customers; recalled that agencies generated 80% of trips in the country and represent an important engine of tourism.
Access to credit for small and medium-sized companies in the sector arose as one of the objectives of the national tourism agreement. This program will generate a funding of 500 million pesos that will support equal number of travel agencies with average of 1 million pesos (60,000 euros) credit.
According to the Mexican administration, 2011 supported 927 micro, small and medium-sized companies in this sector, generating an income credit more than 821 million pesos (49 million euros).
For its part, the business associations of travel agents noted that this funding program will benefit entrepreneurs representing more than 4,500 online travel agents, and generate more than 22,000 jobs.