Feb 10 β€’ 07:50 UTC πŸ‡²πŸ‡½ Mexico Milenio (ES)

Valentine's Day will leave an economic spill of 6 billion 358 million pesos: Canaco CdMx

Valentine's Day celebrations in Mexico City are projected to generate an economic impact of over 6.3 billion pesos, marking a 2.5% increase compared to the previous year.

The National Chamber of Commerce, Services, and Tourism of Mexico City (Canaco CdMx) has forecasted that Valentine's Day celebrations in 2023 will yield an impressive economic impact of six billion 358 million pesos in the capital. This figure not only highlights the importance of this date for local commerce but also represents a 2.5% real increase compared to spending in 2025. The growth reinforces February 14 as a crucial commercial date in the first quarter for the city's commerce and services sector, as emphasized by Vicente GutiΓ©rrez Camposeco, the president of Canaco CdMx.

Moreover, the projected spending per resident for Valentine's Day gifts and experiences is estimated to be between 950 and 1,800 pesos. This anticipated level of expenditure indicates the significance of this holiday as many locals invest in demonstrating affection through gifts, dining experiences, and entertainment. The sectors expected to benefit from this spending surge include restaurants, cinemas, theaters, clothing, footwear, perfumery, jewelry, and accessories, showcasing a wide array of commercial activities that thrive during this romantic celebration.

In conclusion, the Valentine's Day economic forecast illustrates the resilience and dynamism of Mexico City's commercial environment as it encourages spending even in traditionally low retail periods. The optimism surrounding this event serves as a promising development for local businesses and the economy, drawing attention to the sectors that are likely to experience the most growth as the holiday approaches, thus providing a vital boost to the local economy and reinforcing the cultural relevance of this date in the hearts of residents.

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