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The Mexican peso has risen over 14 to the U.S. dollar as of mid-day Wednesday, erasing gains it made through early 2012. Euro-zone anxiety affected the peso in early Wednesday trading, as reported by the Dow Jones Newswire. The peso closed at 13.868 on Tuesday.

While the weakened peso is bad news for Mexico, it gives a slight lift to foreign tourists. Tijuana and Baja California has seen steadily rising visitor numbers over the last year.

San Diego Red reported last week that Tijuana made the list of top tourist destinations in Mexico, according to a report by a popular travel agency. The online site Despegar.com ranked Tijuana as the number two most visited city in Mexico by domestic and international tourists.

The U-T San Diego reported that Chicago based Hyatt plans to build a $14 million hotel in Tijuana this year. According to Alán Bautista, director of the city’s Tourism and Conventions Committee, hotel occupancy has risen 6% over the last year. Construction is set to begin next month, and the hotel is planned to open up next year.

Tijuana has dropped off of many of the most violent cities in the world lists, while it has seen an increase in business travelers, medical-tourists, and cross-border day trippers.

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Comments

David Dodd May 23, 2012 @ 12:18 p.m.

The sudden rise in the peso (sudden, as in over the last couple of weeks) probably isn't the reason for any rise in tourism over the past year. It would be nice to see people suddenly flock here over gaining an extra nickle or so on the dollar (actually, it's far less than that), but the two aren't related.

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Visduh May 23, 2012 @ 8:35 p.m.

Since tourism in TJ and Baja was nearing the vanishing point, an increase isn't necessarily a big sign of good news. As for me, I'll stay north of the line for the time being.

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RaulJ May 24, 2012 @ 1:04 p.m.

What a shame because you won't know what you're missing. I moved to Ensenada, just south of Tijuana almost three years ago and have never regretted my decision. The place is beautiful, the climate is wonderful, the people are friendly and the crime is low low low. The cost of living is crazy low. A really good restaurant is going to cost me about $20 to eat at and the not so good restaurants are almost as good. A decent meal will cost me less than $5 per person. Great wines abound while we are surrounded by a beautiful wine country. I'm building a home with a spectacular view of the Pacific for less than $50,000 (3 bedrooms, 2 baths etc). So, stay north if you wish. The rest of us gringos (and I figure there must be somewhere around 2,000 of us) that didn't fall for the lies and false hype of the "news" media will enjoy what we have. Have a great life.

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