No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, April 15, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Mexico President Sheinbaum calls anti-tourism march over flood of American digital nomads ‘xenophobic’

by TheAdviserMagazine
9 months ago
in Business
Reading Time: 4 mins read
A A
Mexico President Sheinbaum calls anti-tourism march over flood of American digital nomads ‘xenophobic’
Share on FacebookShare on TwitterShare on LInkedIn



A fierce protest in Mexico City railing against gentrification and mass tourism was fueled by government failures and active promotion to attract digital nomads, according to experts, who said tension had been mounting for years.

The criticism comes after Mexican President Claudia Sheinbaum alleged that Friday’s protest was marked by xenophobia, reviving a debate over an influx of Americans in the city.

Many Mexicans say they’ve been priced out of their neighborhoods — in part because of a move made by Sheinbaum in 2022, when she was the Mexico City mayor and signed an agreement with Airbnb and UNESCO to boost tourism and attract digital nomads despite concern over the impact short-term rentals could have.

‘Gringo: Stop stealing our home’

On Friday, that came to a head. A largely peaceful protest of hundreds of demonstrators marched through tourism centers of the city with signs reading “Gringo: Stop stealing our home” and “Housing regulations now!”

Near the end of the march, a group of protesters turned violent, breaking the windows of storefronts and looting a number of businesses. In one case, a protester slammed a butter knife against the window of a restaurant where people were hiding, and another person painted “kill a gringo” on a nearby wall.

“The xenophobic displays seen at that protest have to be condemned. No one should be able to say ‘any nationality get out of our country’ even over a legitimate problem like gentrification,” Sheinbaum said Monday. “We’ve always been open, fraternal.”

The frustrations were built upon years of mass tourism and rising rent prices in large swathes of the city. The influx of foreigners began around 2020, when Americans flooded into the Mexico City to work remotely, dodge coronavirus restrictions and take advantage of cheaper living costs.

In the years since, choice neighborhoods like Roma and Condesa, lush central areas dotted with cafes and markets, have grown increasingly populated by foreign tourists and the remote workers known as digital nomads, and there are more temporary housing units rented through companies like Airbnb that cater to tourists.

As they have, rent and living prices have soared and English has been increasingly common on the streets of those areas. Some groups have described the phenomenon as a sort of “neo-colonialism.”

Mounting tensions

The Mexico City Anti-Gentrification Front, one of the organizations behind the protest, it was “completely against” any acts of physical violence and denied that the protests were xenophobic. Instead, the organization said the protest was a result of years of failures by the local government to address the root of the problems.

“Gentrification isn’t just foreigners’ fault, it’s the fault of the government and these companies that prioritize the money foreigners bring,” the organization said in a statement. Meanwhile “young people and the working class can’t afford to live here.”

In its list of demands, the organization called for greater rent controls, mandates that locals have a voice in larger development projects in their area, stricter laws making it harder for landlords to throw out residents and prioritizing Mexican renters over foreigners.

Mexico’s protest comes on the back of a wave of similar protests across Europe railing against mass tourism. Tensions in Mexico have also been compounded by wider inequalities and the Trump administration targeting Latino communities in the U.S. as it ramps up deportations.

The U.S. Department of Homeland Security took a jab at protesters Sunday, writing in a post on the social media platform X: “If you are in the United States illegally and wish to join the next protest in Mexico City, use the CBP Home app to facilitate your departure.”

Government failures

Protesters’ cries against government failures were echoed by experts, who said that surging gentrification is a product of both shortage of affordable housing in the city and longtime government failures to regulate the housing market.

Antonio Azuela, lawyer and sociologist and others said that they do see the protest as a xenophobic backlash, and around 2020 the core of the problem was the influx of “digital nomads” in the city, but it grew out of hand because of lax housing laws.

“What has made this explode is lack of regulation in the market,” Azuela said.

Mexico City’s government over the course of decades has made a few efforts to control development and create affordable housing.

Legislators estimated there are about 2.7 million houses and apartments in the city, but it needs about 800,000 more. But such affordable housing developments that have popped up often are pushed off to the fringes of the city, said Luis Salinas, a researcher at National Autonomous University of Mexico who has studied gentrification in Mexico City for years.

Taking advantage of ‘insufficient’ laws

Controls, meanwhile, have been marked by lack of enforcement, which developers travel services companies like Airbnb take advantage of, he said.

Today, more than 26,000 properties in Mexico City are currently listed on Airbnb, according to the Inside Airbnb, an advocacy organization that tracks the company’s impact on residential communities through data. That’s compared to 36,000 properties in New York City and 19,000 in Barcelona, where protests have also broken out.

“The government has treated housing like it’s merchandise,” Salinas said. The actions the government is taking “are completely insufficient. The federal government needs to be intervening far more nowadays.”

Airbnb said it helped contribute more than a billion dollars in “economic impact” to Mexico City last year and that spending by guests has supported 46,000 jobs in the city. “What’s needed is regulation based not on prohibitions, but on respect for rights and transparency of obligations,” it said in a statement.

Last year, Mexico City’s government approved the most ambitious rent control law since the 1940s in an effort to control prices and also set caps on short-term rentals to 180 nights a year, but Salinas said that enforcement of short-term rental legislation has been put on pause until after the 2026 FIFA World Cup.

And even then, the country’s government will have to take far greater actions to get the situation under control, said Azuela.

“This isn’t going to end by just reigning in Airbnb,” he said. “They’re going to have to do a whole lot more.”



Source link

Tags: AmericanantitourismcallsDigitalFloodMarchMexiconomadspresidentSheinbaumxenophobic
ShareTweetShare
Previous Post

Costco’s Global Expansion and AI Edge Making it the Apex Predator of Stagflation

Next Post

Episode 216. I track every penny. He gambles. Should I marry him?

Related Posts

edit post
Debt MF outflows hit record Rs 2.9 lakh crore in March

Debt MF outflows hit record Rs 2.9 lakh crore in March

by TheAdviserMagazine
April 14, 2026
0

ET Intelligence Group: The outflow from debt mutual fund schemes surged nearly 50% year-on-year to a record ₹2.95 lakh crore...

edit post
Gloo forecasts 0M 2026 revenue while targeting adjusted EBITDA profitability in Q4 2026 following EMD deal (NASDAQ:GLOO)

Gloo forecasts $190M 2026 revenue while targeting adjusted EBITDA profitability in Q4 2026 following EMD deal (NASDAQ:GLOO)

by TheAdviserMagazine
April 14, 2026
0

Earnings Call Insights: Gloo Holdings (GLOO) Q4 fiscal 2025 Management View "Q4 was a strong quarter for Gloo that exceeded...

edit post
Trump’s White House: America is short 10 million houses

Trump’s White House: America is short 10 million houses

by TheAdviserMagazine
April 14, 2026
0

White House economists estimate the United States has a shortage of 10 million houses, according to a new report out...

edit post
Avant Brands Inc. reports Q1 results (TSX:AVNT:CA)

Avant Brands Inc. reports Q1 results (TSX:AVNT:CA)

by TheAdviserMagazine
April 14, 2026
0

Follow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock news Avant Brands...

edit post
Trump’s macho MAGA economy is a bust

Trump’s macho MAGA economy is a bust

by TheAdviserMagazine
April 14, 2026
0

The White House promised a manufacturing renaissance. Instead, the factory floor keeps shrinking. For young men willing to ditch the...

edit post
Costco reveals shift in shopper spending behavior

Costco reveals shift in shopper spending behavior

by TheAdviserMagazine
April 14, 2026
0

As the economy struggles and many Americans look for ways to save money, Costco has proven resilient. The chain has...

Next Post
edit post
Episode 216. I track every penny. He gambles. Should I marry him?

Episode 216. I track every penny. He gambles. Should I marry him?

edit post
Private electricity producers to bypass IEC

Private electricity producers to bypass IEC

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Virginia Permits ADULT MIGRANT MEN To Attend High School

Virginia Permits ADULT MIGRANT MEN To Attend High School

March 30, 2026
edit post
A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

March 30, 2026
edit post
Tax Flight Accelerates In Massachusetts

Tax Flight Accelerates In Massachusetts

April 6, 2026
edit post
Property Tax Relief & Income Tax Relief

Property Tax Relief & Income Tax Relief

April 1, 2026
edit post
The Two Real Estate Tax Strategies Most Accountants Overlook |

The Two Real Estate Tax Strategies Most Accountants Overlook |

0
edit post
JPMorgan has stark message for investors on market weakness

JPMorgan has stark message for investors on market weakness

0
edit post
Prediction markets will grow to  trillion by 2030, Bernstein says

Prediction markets will grow to $1 trillion by 2030, Bernstein says

0
edit post
7 Amazon Pill Organizers That Make It Impossible to Miss a Dose

7 Amazon Pill Organizers That Make It Impossible to Miss a Dose

0
edit post
Debt MF outflows hit record Rs 2.9 lakh crore in March

Debt MF outflows hit record Rs 2.9 lakh crore in March

0
edit post
Cottage Cheese Pancakes Recipe

Cottage Cheese Pancakes Recipe

0
edit post
Debt MF outflows hit record Rs 2.9 lakh crore in March

Debt MF outflows hit record Rs 2.9 lakh crore in March

April 14, 2026
edit post
7 Amazon Pill Organizers That Make It Impossible to Miss a Dose

7 Amazon Pill Organizers That Make It Impossible to Miss a Dose

April 14, 2026
edit post
Gloo forecasts 0M 2026 revenue while targeting adjusted EBITDA profitability in Q4 2026 following EMD deal (NASDAQ:GLOO)

Gloo forecasts $190M 2026 revenue while targeting adjusted EBITDA profitability in Q4 2026 following EMD deal (NASDAQ:GLOO)

April 14, 2026
edit post
Bitcoin Transfer Activity To Binance Slumps To Multi-Year Lows – Here’s What To Know

Bitcoin Transfer Activity To Binance Slumps To Multi-Year Lows – Here’s What To Know

April 14, 2026
edit post
Wells Fargo’s net income, assets surge for wealth unit

Wells Fargo’s net income, assets surge for wealth unit

April 14, 2026
edit post
Trump’s White House: America is short 10 million houses

Trump’s White House: America is short 10 million houses

April 14, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Debt MF outflows hit record Rs 2.9 lakh crore in March
  • 7 Amazon Pill Organizers That Make It Impossible to Miss a Dose
  • Gloo forecasts $190M 2026 revenue while targeting adjusted EBITDA profitability in Q4 2026 following EMD deal (NASDAQ:GLOO)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.