Riviera Maya officially out of bankruptcy from Borge administrationMexico Riviera Maya News 

Riviera Maya officially out of bankruptcy from Borge administration

Riviera Maya, Q.R. — The region of Riviera Maya is officially out of bankruptcy after being left in severe debt from the last administration.

Darío Flota, general coordinator of the tourist promotion of Quintana Roo, announced that the Promotion Trust of Riviera Maya came out of technical bankruptcy where it remained after the administration of Roberto Borge Angulo.

This information was released after the Tourism Promotion Trust of the Riviera Maya gave its quarterly report to authorities of the Tourism Secretariat and hotel representatives. They were informed that the institution has been financially stabilized without paying 100 percent of their debt to suppliers.

The Tourism Promotion Trust of the Riviera Maya faced a debt of 118 million peso with public relations and advertising agencies, and had even been sued in 2016 by a company for defaulting on its obligations.

Fleet Ocampo said that half of the 118 million pesos has already been liquidated, which has resulted in the trust abandoning the condition of financial bankruptcy.

In October, a closed door meeting was held between businessmen throughout the state and Marisol Vanegas Perez, head of Sedetur, to address concerns regarding tourism promotion and the budget.

Gabriela Angulo Sauri, president of the Tourism Committee of the XV Legislature, upcoming budget information from the state in regards to the Tourist Promotion Council of Quintana Roo is not officially available yet.

“The figure, although it is being handled, cannot be made public yet because it has not been legally declared.”

The new 2018 Budget of Expenditures for tourist promotion for the state of Quintana Roo is expected to be released soon.

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