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Mexican migration: More Americans are moving to Mexico

Mexican migration: More Americans are moving to Mexico

Although media attention often lands on would-be workers going in the other direction, Americans are increasingly setting up shop in Mexico, attracted by the vibrant culture, warmer weather and lower cost of living. Indeed, data from Mexico’s National Institute of Migration, first reported by Bloomberg, shows that temporary residential permits are up 85% so far this year compared to the same period in 2019.

Digital Nomadland

Part of this phenomenon is likely explained by the rise of remote work. Becoming a digital nomad has become an increasingly-attractive prospect for workers, as we charted back in 2021 — a trend that Mexico is well-placed to capitalize on. In fact, Mexican officials are actively working to attract remote workers, teaming up with UNESCO and Airbnb to style the country’s capital as the place for remote work opportunities afforded by the new normal.

Although the permit numbers are rising, they are still small in absolute terms. However, that’s likely a vast undercount of the true number of Americans working in the country. On a tourist visa, Americans can work for up to 6 months, as long as they are paid outside of Mexico. Flight data shows that more than 10m Americans visited Mexico in the first 9 months of the year, 24% more than in 2019.

According to Tripadvisor 4 of the 5 most-desirable vacation locations for Americans are in Mexico — now the country is topping remote-work lists as well.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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