Sales of Mexico’s Independence Day fall 50% due to Pandemic: Concanaco

Sales during this year's Independence Day celebrations will decrease by 50%, resulting in an economic impact of 9,300 million pesos, according to Concanaco Servytur.
The restrictions on capacity and the absence of mass gatherings have negatively affected sectors such as hotels, restaurants, entertainment, and general commerce.

All of this in a context of restrictions.

09/15/2020

Sales during this year's Independence Day celebrations are expected to decrease by 50%, according to the Confederation of National Chambers of Commerce, Services, and Tourism (Concanaco Servytur). Capacity restrictions in restaurants, hotels, and entertainment venues, coupled with the absence of mass celebrations for the Grito de Independencia, have had a negative impact on the estimated economic impact of 9,300 million pesos compared to last year.

The gradual economic recovery in different states has helped mitigate the sales decline in businesses related to this celebration. José Manuel López Campos, President of Concanaco, highlighted that reduced operating hours and limited capacity in hotels and restaurants have led families and groups of friends to celebrate at home, prompting establishments to increase promotions and offer delivery services to boost sales on this occasion. The most affected sectors during these dates are expected to be hotels, motels, entertainment establishments, restaurants, clothing, stationery, beverages, and tobacco, according to estimates from Chambers of Commerce across the country.

Read the full article (in Spanish).

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