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Last updateFri, 26 Apr 2024 12pm

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Spendthrift upper classes

According to a study by the KPGM consulting group, Mexico is the fourth biggest market in the world for luxury brand goods. It is number one in Latin America, accounting for 55 percent of all luxury item sales in the region, totaling some 12 billion dollars.

Europe loves Mexico

The Federal Ministry of Tourism reported last week that European tourism in Mexico grew 7.4 percent between January and July this year, compared with the same period last year.