Day of the Dead (Spanish: Día de Muertos) is a Mexican holiday celebrated throughout Mexico, in particular the Central and South regions, and by people of Mexican ancestry living in other places, especially the United States. It is acknowledged internationally in many other cultures. The multi-day holiday focuses on gatherings of family and friends to pray for and remember friends and family members who have died, and help support their spiritual journey. In 2008 the tradition was inscribed in the Representative List of the Intangible Cultural Heritage of Humanity by UNESCO.
El Dia de los Muertos (the Day of the Dead) is a day to celebrate, remember and prepare special foods in honor of those who have departed. On this day in Mexico, the streets near the cemeteries are filled with decorations of papel picado , flowers, candy calaveras (skeletons and skulls), and parades.
It is believed that the spirit of the dead visits their families on October 31 and leave on November 2.
It might sound somewhat morbid, but the Mexicans react to death with mourning along with happiness and joy. They look at death with the same fear as any other culture, but there is a difference. They reflect their fear by mocking and living alongside death.
The day of the dead is the cultural event because they organize by local people and government in México and it depend on the belief and it mostly a little private event at night but in the caravan tourist can joy it.
For event impact to the host city: they use a lot of money to present of their country not just only this event because Mexico is seeking to overhaul its image abroad after a raft of bad publicity over drug related violence, beheadings and shootings has taken its toll on the holiday industry. Therefore, foreign tourism is a key source of income in Mexico.