The Chamber of Commerce, Services and Tourism of Mexico City (Canaco) estimated that the Pope’s visit to the Mexican capital will bring around 900 million 200 thousand pesos in economic benefits, due to the arrival of nearly 2 million visitors.
In a statement, the Canaco underlined that the most benefited will be restaurants and hotels, followed by self-service stores and grocery stores, as well as shops specialised in religious items.
The Pope’s agenda includes a visit to the capital’s downtown Zócalo, for which public access will be restricted on Friday and Saturday, starting from the Plaza de la Constitución, and delimited by the streets Donceles, Correo Mayor, Venustiano Carranza and Palma.
Due to this, indications are that the restriction will negatively affect sales in a thousand 737 economic units, including 223 establishments selling clothes, shoes and costume jewellery; 593 printshop, stationaries and libraries; 11 self-service and department stores and over 135 jewelries, among others.
According to information for the Tourism Secretariat of Mexico City, it is expected that around 500 thousand visitors will arrive from different states and countries, of which 80 percent will stay with relatives or friends, and 20 percent will stay in hotels.
It is calculated that the 10 hotels and 105 restaurants near the area to be visited by Pope Francis will be completely full.
This positive impact will add itself to the sales of Valentine’s Day on February 14th, estimated at 3 thousand and 11 million pesos, 3.7 percent more than in 2015.
According to the estimate made by the Canaco, people in the capital will spend an average of 450 to 800 pesos on gifts for their loved one, mainly on restaurants, due to the celebration occurring on a weekend.