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18 March 2010
MEXICO: Tourism Suffering From Crime/Drug Bloodshed.
BLOOMBERG/ Hotels in Cancun and especially Acapulco predict the number of spring breakers will drop 30% this year after increased reports of bloodshed. “The economic crisis is still hurting us a little bit, and we’ve been affected by so much news about violence in Mexico" said a spokesperson. Tourism is Mexico's third-biggest source of dollars after oil and remittances and is projected to fall for the second year. An estimate is that violence may cut GDP growth by 1%. The State Department reported at least 77 homicides of U.S. citizens in Mexico last year.