Friday, September 29, 2023

American-express-superpeso-increases-travel-and-luxury Grupo Milenio

The Strength as weight stays in front dollar caused Mexicans to significantly increase their spending Travel, Entertainment and luxury goods, said Santiago Fernández, president and general manager of American Express Mexico.

According to the manager, this is essentially one of the changes that moved customers after the pandemic in 2020: was to stop postponing gratification which is reflected in the Growth of up to 60 percent in these elements in relation to the levels before the Coronavirus health crisis.

said Fernández Vidal in an interview with MILLENNIUM:

“He strong weight It helps because traveling abroad becomes more accessible, but there is also a structural change post-pandemic; This includes: Stop delaying gratification and we will see it Entertainment, Travel j Consumption of luxury goods This is over-indexing for category growth.”.

For a few months, the Mexican currency showed a decline Recovery trend against the dollar wear it sometimes under 17 units a historic low for eight years.

It is Wednesday, September 13th closed the exchange rate with a value of 17.15 pesos per dollar an appreciation of the Mexican currency of 12.09 percent what it was worth at the beginning of the year, according to data from Bank of Mexico (Banxico).

  • According to the Central Bank It is the currency with the second largest recovery among emerging markets just below the Colombian peso.

The director of the American credit card, travel and insurance company said that the Inflation also affects consumption habits about their customers and the predictability they can have in terms of payments and costs, in addition to being clear about the amounts You have to create reserves from your income Month after month to cover the payment of your credits.

Nation World News Desk
Nation World News Desk
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