The infrastructure of Cancun is one of the largest in Mexico and the Caribbean. With over 170 hotels and 34 thousand rooms, Cancun offers the most varied range of accommodation for more than 6 million visitors, from those seeking the Five Diamond Resorts to more modest choices in the city. Cancun offers over 700,000 sq. ft. of meeting space in between the Cancun Center, and more than 30 hotels with the capacity to capture groups and conventions. Among the major competitive advantages that Cancun has above other destinations are: The extensive infrastructure to organize large congresses and conventions, its extraordinary national and international air connectivity, the parity of the peso-dollar and the zero rate of Added Value Tax (11%) offered when carrying out conferences, conventions, exhibitions and fairs, to be held by foreign event organizers.