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E-commerce continues to expand in Mexico
The study Venta Online en Mexico 2019, conducted by Netrica by Netquest, indicates that in 2017 only 7% used e-commerce on a weekly basis, during 2018 that figure rose to 38%. In the country, e-commerce continues to grow at double digits annually, it was growing at levels of 50% until 2016 and from there it has been advancing to levels of 20 or 25%, said Francisco Belgodere, CEO of Banwire: "It continues with a very good growth dynamic. Fernando Álvarez Kuri, Kantar's Vice-President, also contemplates an important growth in e-commerce. "Many of the barriers that were around this, reliability or the danger of data, have been overcome, these types of perceptions have been significantly reduced," he says in a telephone interview. "We are at a developmental level and it is growing significantly, we believe there is still room to grow. As we see the trends and the movement year by year, we believe that we can continue to grow at double digits in an important way," he adds. Netrica's survey points out that the reasons for purchase are receiving home purchases (58%), saving time (53%), finding more promotions and discounts than in the physical store (48%); they also highlight the ease of comparing prices and variety (47.4%), and finding products that are not available in the physical store (47%). Francisco Belgodere, sees in delivery a great opportunity for e-commerce, because he believes there is room for action to strengthen it with "smarter ways". "We depend on being at home to receive the package you buy, or on receiving it at the office. There is not yet a chain, a network built of places where you can pick up your purchases," he says in an interview. Today only Amazon has implemented a distribution network through Oxxo convenience stores for payment and delivery of purchases made on their platform. The market is getting used to buying online, to know all the security around the purchase and this benefits the online stores. José Ramón assures that another of the great challenges to be faced in e-commerce is logistics, because although companies have made great strides and there are more and more allies, there are still opportunities to meet the needs of customers who are behind computers or mobiles.   Source:https://www.economiahoy.mx/
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16 tourism projects worth over US $3 billion under way in Riviera Nayarit-Mexico
Tourism investment continues to flow into the Riviera Nayarit, a region also known as Mexico’s Pacific Treasure. Sixteen new hotels, resorts and residential projects are scheduled to be completed on the Nayarit coast between next year and 2025, while two projects were finished last month. The 268-room Marival Armony resort opened in Punta Mita in November and the 678-room Riu Vallarta resort re-opened after an extensive refurbishment. Five projects will conclude in each of 2020 and 2021, while a further seven are expected to be completed between 2022 and 2025. Those set for completion next year are Aurberge’s 59-suite Susurros Del Corazón resort in Punta Mita; a 325-room Conrad by Hilton resort in Litibú; the 145-villa One & Only residential development in Mandarina; a 92-room resort by Barceló in Nuevo Vallarta; and the 50-room Four Seasons resort in Punta Mita, which is being renovated. A total of 1,635 new rooms will open in 2021 at the Secrets Resort & Spa in Punta Mita, the Dreams Resort & Spa in the same location, the Ritz Carlton Reserve in Costa Canuva, the Iberostar Grand in Litibú and the Vidanta World Park in Nuevo Vallarta. All told, investment in the projects is about US $3.3 billion, a figure which includes resources provided by the National Tourism Promotion Fund. “Mexico’s Pacific Treasure is attracting more and more international hotel groups that contribute to its growth in terms of its tourism offerings; we’re glad that investors and developers have the confidence in us to bring in these new premium tourism projects,” said Jesús Carmona, President of the Banderas Bay Hotel and Motel Association and the Riviera Nayarit Convention and Visitors Bureau. “The destination had a very successful 2019 and welcomed more than 2.7 million visitors; Mexico was the main country of origin, followed by the United States, Canada, England and South America,” he added.   Source:https://mexiconewsdaily.com/news/16-tourism-projects-under-way-in-riviera-nayarit/  
General
15 Tesla Cybertrucks ordered by Mayor in Mexico
Deliveries of the Tesla Cybertruck won't begin before late 2021, the California company has already received pre-orders for more than 250,000 units. It turns out 15 of these come from Adrián Esper Cárdenas, the mayor of Ciudad Valles in San Luis Potosí, Mexico. The Cybertruck comes with an industry-standard 6.5-foot pickup bed and a 3,500-pound cargo capacity, and it's available with either a single-motor / rear-wheel-drive setup, a dual-motor / all-wheel-drive setup, or a tri-motor / all-wheel-drive arrangement. For off-roading, it features a 35-degree approach angle, 28-degree departure angle, and it can tow up to 14,000 pounds. And since this is an EV truck with an air suspension, electric outlets and air lines for power tools are literally built into the package. Esper said he did not consult his constituents about the purchase but said his decision to buy the electric vehicles for police, trash collection and other uses was "common sense." "It's not about speed, because we don't want speed. What we're looking for is torque in order to haul water pipes, the garbage trailers. They'll have twice the loads of a normal truck," he said. Although the models Esper ordered come with price tags of US $49,900 and US $69,900, he claimed they would generate savings as high as US $1.2 million annually, since the zero-emission trucks require little maintenance and no gasoline to operate.   Source:http://www.banderasnews.com/
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Luxury tax on vehicles revised
The Finance Ministry announced that it will revise the scheme of luxury tax on vehicles with effect from the 1st of November 2019. The proposal to amend the luxury tax imposed on vehicles, submitted by Finance Minister Mangala Samaraweera through the vote on account, was approved in parliament today. The finance ministry said Japanese vehicles -Toyota Vitz, Suzuki Every, Toyota Roomy, Suzuki Alto, Suzuki Baleno, Daihatsu Petrol, Honda Grace, Suzuki Wagon R, Toyota Aqua, Axio Premio and Allion will be exempt from the luxury tax. The ministry said vans, cabs, double cabs, motorcycles, and three-wheelers will not be subject to the luxury tax. The tax imposed on double cabs will also be removed with effect from next month (November). The excess of over Rs 3.5mn incurred when importing petrol and diesel vehicles and jeeps will be applicable for the luxury tax. Imported hybrid vehicles with a value of more than Rs 4mn and imported electric vehicles with a value of more than Rs 6mn will be liable to the luxury tax. The luxury tax will only be charged on the excess of the prescribed cost limits incurred when importing these vehicles. Meanwhile, the tax charged on the cylinder capacity of vehicles will commence from November 1st this year. Vehicles that will be imported after April 21, 2020, for which letters of credits have been opened before October 31, 2019, will also be exempted from the tax.   Source:https://www.newsfirst.lk/2019/10/29/luxury-tax-on-vehicles-revised/
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Introducing Spain’s new low-cost AVE: €10 tickets for Barcelona to Madrid
Spain’s state-owned rail company Renfe will launch a new low-cost high-speed service called AVLO on April 6, 2020. That’s according to the proposal that the head of Renfe, Isaías Táboas, will bring to the company’s next management board meeting on Wednesday, December 18. The service will operate between Madrid and Barcelona, and tickets will cost between €10 and €60 per trip. The current price of the high-speed AVE train between Madrid and Barcelona in economy class, without promotions, is between €40.95 and €152 Initially, the train will run twice a day in both directions, but this is set to increase to five services by the end of 2020. AVLO will run between Sants station in Barcelona and Atocha station in Madrid. “The idea is to manage the rates dynamically,” Táboas explains during an interview with EL PAÍS. “My proposal to the board will be to have a range of prices from €10 to €60 per trip. This is not a promotional price but rather a price scale that will depend on demand at any given time. Of course, there are not going to be €10 tickets for everyone, but at some point everyone will be able to buy an AVLO ticket for €10 to travel between Madrid and Barcelona. So on April 6, there will be tickets for €10.” The current price of the high-speed AVE train between Madrid and Barcelona in economy class, without promotions, is between €40.95 and €152, meaning AVLO is offering an average discount of 60%. The AVLO schedule will depend on how the market responds to the new service. “We recognize that we have no experience in this type of product because up until now Renfe has not had a low-cost train. And one of the reasons to launch on April 6, 2020, without waiting for the liberalization [of domestic rail markets in the European Union in December 2020] is to be able to experiment, and get to know the market better. We will try [different schedules] and see whether peak hour or off-peak hours are better for us,” says Táboas. One million passengers Táboas says that Renfe expects AVLO to have one million passengers a year in the first two years of operation (2020 and 2021). “With AVLO we want to attract the people who don’t take the AVE today for economic reasons. We are talking about young people and families, travelers who basically are using the highway, be it in an individual car, shared vehicle or a bus,” says Táboas. According to the Renfe chief, every year around 10 million people make the direct trip between Madrid and Barcelona – four million go by highway, another four million by AVE, and two million by plane. It is this first group that Renfe hopes to attract to the AVLO, said Táboas, adding that after 2021, Renfe “will consider a different public.” Customers will be able to buy AVLO tickets primarily online and via a cellphone app, as well as over the phone or in person. The low-cost train will only have economy class, with seats with the same foot space as the current AVE. It will not have a cafeteria or food service on board, although there will be at least one supervisor on the train to resolve any problems that might arise during the journey. Passengers will be able to connect to Wi-Fi for a fee, which will vary depending on the speed of the connection. The train will be staffed with workers from Renfe; a subsidiary company will not be created. “The secret of this product is that for it to be low-cost it has to have low-cost production and we have optimized all the systems. All the complementary services that are associated with the current AVE will not be on the AVLO because it is a question of money that could impact the cost of tickets,” explains Táboas. As for how many stops there will be on the route, Táboas says that this will depend on the demand for the new service: “To be able to offer these prices, it’s crucial that the trains are always full. [...] The more stops there are, the greater the likelihood that a seat will be empty at some point in the journey. That’s why we are going to look at the behavior of these new customers and the movement of travelers so that the train is as full as possible, and based on that, we will decide where it stops.” The head of Renfe says that the name for AVLO is an “Anglicism” of AVE and low cost. More competition In December 2020, domestic rail markets in the European Union will be opened up to competition from other countries. Renfe is interested in competing in the European market, with France the main destination. “Of course we would consider going to Paris. Perhaps not initially, but certainly in the future, because the major market is in lines such as Lyon-Paris or Marseille-Paris,” says Táboas.   Source:https://elpais.com/elpais/2019/12/16/inenglish/1576486061_503754.html

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