Travel, Tourism & Hospitality

Travel and tourism in Mexico - Statistics & Facts

Tourism in mexico during covid-19, international and domestic tourism in mexico, key insights.

Detailed statistics

Share of tourism contribution to GDP in Mexico 2010-2022

Tourism spending in Mexico 2010-2022, by type

Quarterly tourism workforce in Mexico 2018-2023

Editor’s Picks Current statistics on this topic

Current statistics on this topic.

Inbound tourism volume in Mexico 2016-2022

Largest hotel companies in Mexico 2022, based on revenue

Related topics

Recommended.

  • Food service in Mexico
  • Travel and tourism in Latin America & Caribbean
  • Online travel market in Latin America
  • Cruise industry in the Caribbean
  • Tourism worldwide

Recommended statistics

  • Premium Statistic Countries in the Americas with the highest inbound tourist arrivals 2019-2022
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  • Premium Statistic Leading countries in the Travel & Tourism Development Index 2021
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Countries in the Americas with the highest inbound tourist arrivals 2019-2022

Countries with the highest number of international tourist arrivals in the Americas from 2019 to 2022 (in millions)

Number of tourism jobs in Latin American countries 2022

Number of jobs related to travel and tourism in Latin America in 2022, by country (in millions)

Number of Latin American and Caribbean World Heritage Sites 2022, by country

Number of World Heritage properties in Latin America and the Caribbean in 2022, by country

Leading countries in the Travel & Tourism Development Index 2021

Leading countries and territories in the Travel & Tourism Development Index (TTDI) in 2021

Leading countries in the Americas in the Travel & Tourism Competitiveness Index 2021

Leading countries in the Americas in the Travel & Tourism Development Index (TTDI) in 2021

Key economic figures

  • Premium Statistic Share of tourism contribution to GDP in Mexico 2010-2022
  • Premium Statistic Tourism GDP in Mexico 2010-2022
  • Premium Statistic Tourism GDP in Mexico 2022, by activity
  • Premium Statistic Tourism FDI in Mexico 2010-2022
  • Premium Statistic Tourism establishments in Mexico 2010-2020
  • Premium Statistic Quarterly tourism workforce in Mexico 2018-2023

Tourism sector as a percentage of gross domestic product in Mexico from 2010 to 2022

Tourism GDP in Mexico 2010-2022

Contribution of the tourism sector to the gross domestic product in Mexico from 2010 to 2022 (in billion Mexican pesos)

Tourism GDP in Mexico 2022, by activity

Contribution of the tourism sector to the gross domestic product in Mexico in 2022, by economic activity (in billion Mexican pesos)

Tourism FDI in Mexico 2010-2022

Foreign direct investment in the tourism sector in Mexico from 2010 to 2022 (in million U.S. dollars)

Tourism establishments in Mexico 2010-2020

Number of establishments in the tourism sector in Mexico from 2010 to 2020 (in 1,000s)

Number of employees in the tourism sector in Mexico from 1st quarter 2018 to 2nd quarter 2023 (in millions)

Tourism volume and expenditures

  • Premium Statistic Inbound tourism volume in Mexico 2016-2022
  • Premium Statistic Inbound tourism spending in Mexico 2016-2022
  • Premium Statistic Per capita spending of inbound tourists in Mexico 2016-2022
  • Premium Statistic Number of domestic hotel guests in Mexico 2010-2020
  • Premium Statistic Domestic tourism spending in Mexico 2010-2022
  • Premium Statistic Cruise passenger traffic in Mexico 2022, by port
  • Premium Statistic Most visited archeological sites in Mexico 2022
  • Premium Statistic Quarterly accommodation and holiday package spending in Mexico 2016-2020

Number of international tourists in Mexico from 2016 to 2022 (in millions)

Inbound tourism spending in Mexico 2016-2022

Expenditure of international tourists in Mexico from 2016 to 2022 (in billion U.S. dollars)

Per capita spending of inbound tourists in Mexico 2016-2022

Average expenditure per trip of international visitors in Mexico from 2016 to 2022 (in U.S. dollars)

Number of domestic hotel guests in Mexico 2010-2020

Number of domestic tourists in hotels in Mexico from 2010 to 2020 (in millions)

Domestic tourism spending in Mexico 2010-2022

Expenditure of domestic tourists in Mexico from 2010 to 2022 (in billion Mexican pesos)

Cruise passenger traffic in Mexico 2022, by port

Number of cruise passengers in Mexico in 2022, by port (in 1,000s)

Most visited archeological sites in Mexico 2022

Most popular archeological sites in Mexico in 2022, by number of visitors (in 1,000s)

Quarterly accommodation and holiday package spending in Mexico 2016-2020

Quarterly expenditure on accommodation and tour packages in Mexico between 2016 and 2020 (in billion Mexican pesos)

Hotel industry

  • Premium Statistic Number of hotels in Mexican states 2023
  • Premium Statistic Largest hotel companies in Mexico 2022, based on revenue
  • Premium Statistic Hotel room occupancy in Mexico 2010-2022
  • Premium Statistic Hotel room occupancy rate in Mexico 2019-2022, by type of location
  • Premium Statistic Occupancy rates in key Mexican hotel markets 2022
  • Premium Statistic Main tourist destinations in Mexico 2020-2022, by number of occupied rooms
  • Basic Statistic Top Mexican resorts 2023, by user ratings

Number of hotels in Mexican states 2023

Number of hotel establishments in Mexico as of June 2023, by federal state

Leading companies in the hotel industry in Mexico in 2022, by net revenue (in billion Mexican pesos)

Hotel room occupancy in Mexico 2010-2022

Occupancy rate of hotel rooms in Mexico from 2010 to 2022

Hotel room occupancy rate in Mexico 2019-2022, by type of location

Room occupancy of hotel establishments in Mexico from 2019 to 2022, by type of location

Occupancy rates in key Mexican hotel markets 2022

Tourist destinations with highest hotel room occupancy in Mexico in 2022

Main tourist destinations in Mexico 2020-2022, by number of occupied rooms

Leading travel destinations for overnight tourism in Mexico from 2020 to 2022, by number of occupied hotel rooms

Top Mexican resorts 2023, by user ratings

Best-rated resorts in Mexico in 2023, based on user scores

Traveler preferences

  • Premium Statistic Most popular holiday destination type for Mexicans 2022
  • Premium Statistic Most popular domestic holiday destinations in Mexico 2022
  • Premium Statistic Favorite aspects of domestic holiday trips for Mexicans 2022
  • Premium Statistic Favorite aspects of outbound holiday trips for Mexicans 2022
  • Premium Statistic Favorite type of holidays for Mexicans 2022
  • Premium Statistic Breakdown of Mexican holidaymakers 2022, by travel companion

Most popular holiday destination type for Mexicans 2022

Most common type of travel destination for leisure travelers from Mexico as of June 2022

Most popular domestic holiday destinations in Mexico 2022

Most common domestic travel destinations in Mexico as of June 2022

Favorite aspects of domestic holiday trips for Mexicans 2022

Preferred amenities of domestic leisure tourists in Mexico as of June 2022

Favorite aspects of outbound holiday trips for Mexicans 2022

Preferred amenities of international leisure tourists from Mexico as of June 2022

Favorite type of holidays for Mexicans 2022

Preferred type of vacation trips by tourists from Mexico as of June 2022

Breakdown of Mexican holidaymakers 2022, by travel companion

Distribution of leisure tourists from Mexico as of June 2022, by travel companionship

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Why Your Next Trip to Mexico Should Go Beyond the Obvious Hot Spots

Now is the perfect moment to take a fresh look at our southern neighbor.

tourism trends in mexico

A few years ago, I was invited to spend the evening with a gallery owner in Los Cabos , on Mexico's Baja Peninsula. I was on vacation, and up until that point I had been doing what most visitors to Los Cabos do: I took a whale-watching tour, tried a few spa treatments, and soaked up the sun on the beach.

But soon I was ready for something different. I met Patricia Mendoza at her namesake gallery, which features work by contemporary Mexican artists; together, we set off through the cobblestoned streets of San José del Cabo's Gallery District. Mendoza introduced me to artists like Ivan Guaderrama, who explained how his colorful pieces produce sounds when touched, and Enrique Bascón, whose paintings examine Mexican society and politics with humor. Along the way, Mendoza and I had a glass of wine at H Bistro, where we discussed our respective family histories. I told her how, although most of the Mexican side of my family has lived in the U.S. since the 1800s, my great-grandfather was born in Guadalajara.

Later, we returned to Mendoza's gallery, where we were served a multicourse meal by an up-and-coming Mexican chef . I was the only U.S. citizen at our table. The conversation switched effortlessly between Spanish and English, and we talked about art, culture, politics, travel, and life. I had been to Mexico countless times, but on that night, I connected with its people in a more sincere and significant way.

Warm weather, inexpensive flights, and advertisements with shots of Spanish-colonial architecture have made Mexico the top international destination for U.S. travelers . We fly to the resort towns along the coast to escape, to relax, to be pampered; some of us venture to Mexico City for food and history. We go where our families and friends have gone, and where we're surrounded by people from our own country.

But Mexico is also home to diverse Indigenous cultures , complex belief systems, and breathtaking natural wonders such as petrified waterfalls , pink lakes, soaring mountains , and deep canyons. Many of us haven't gone beyond the beaches and pools. We haven't gotten to know our southern neighbor the way a good neighbor should.

Recently in the U.S., we've begun to openly discuss racism, colonialism, unconscious bias, and privilege, and to consider how they affect different aspects of our lives—including travel. We've reexamined what we thought we knew, and we've sought to understand the experiences of people different from us.

For me, this process of reflection and empathetic growth is the real reason travelers should visit Mexico in 2022. The border may physically separate our countries, but fearmongering, stereotyping, and divisive policies have pushed us further apart. This year, we can take what we've learned in 2020 and 2021 and change that. We can choose to connect with the people of Mexico and learn what makes it so rich in culture, nature, and community.

On your next visit, you might walk through the stalls of Mexico City's El Chopo flea market and encounter the newest music and fashions from the country's punk and goth scenes. Or you might gain insight into the Indigenous peoples of Oaxaca by visiting the villages of Zapotec weavers. A short boat ride on the crocodile-filled Usumacinta River to the magnificent ruins of Yaxchilán will enrich your knowledge of Mexico's Indigenous history.

Visiting lesser-known Mexican destinations is one easy way travelers can get to know the place more intimately. Take it a step further by staying in locally owned hotels or vacation rentals, eating where Mexicans eat, shopping where Mexicans shop, and trying to speak Spanish — because it's the people who make a journey unforgettable, after all.

For my next trip to Mexico, I'm planning a visit to Guadalajara , the nation's second-largest city. It will be my ancestral heritage trip — and if I'm lucky, I'll meet a distant cousin. The cathedral will surely astound me, as will the bands in the Plaza de los Mariachis, but I'll also make a point of seeking out the locals, who call themselves Tapatíos.

Perhaps I'll join a hiking group and explore the nearby canyon of Barranca de Oblatos. My fellow hikers may suggest the city's best restaurants for pozole , birria , tortas ahogadas , or tejuino , so the next day I'll gorge on those Tapatío specialties in between visits to high-end fashion boutiques and modern art galleries. I might learn about the Teuchitlán culture on a tour of the circular-stepped pyramids of Los Guachimontones. Whatever I do, I look forward to experiencing Mexico in a more meaningful way.

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56+ mexico travel & tourism statistics [fresh for 2024].

Cazzy Magennis

Teeming with incredible food, ancient temples, and stunning beaches, Mexico has long been one of the most prominent travel destinations in the world.

It’s home to many different activities suited to all travelers, from surfing in Puerto Escondido to relaxing in the sun at an all-inclusive in Cancun .

Did you know that the country welcomed 45 million overseas tourist arrivals in 2019?

From luxurious overwater bungalows to affordable backpackers hostels, the country is suitable for all sorts of travel budgets.

If you want to understand more about travel and tourism in Mexico, you’ve come to the right place.

Today, we’ve gathered and summarised the latest statistics about Mexico’s tourism.

Let’s dive right in!

Sources : We have included every source used under each stats, or head over to the bottom of this post for the full list of articles and references.

Travellerspoint

How many tourists visit Mexico annually?

There were 45 million international tourist arrivals to Mexico in 2019.

How big is the tourism industry in Mexico?

Tourism contributes nearly 1.8 trillion pesos to Mexico’s economy, which is around 7% of the total GDP.

How much does tourism contribute to Mexico?

International tourism receipts in Mexico were at $25.85 billion in 2019.

Where does Mexico rank in tourism?

According to the UNWTO World Tourism Barometer in 2023, Mexico is the world’s second most visited country.

Mexico Travel & Tourism Main Statistics

  • There were a total of 31.9 million international tourist arrivals in Mexico in 2021, a rise from 24.3 million in 2020.
  • In 2019, a total of 17.6 international visitors passed through Mexico City International Airport.
  • Mexico is the most popular international travel destination for American travellers in 2019, with 39.3 million visitors from the US.
  • In 2021, domestic tourism expenditure in Mexico rose by 9% to 3 trillion Mexican pesos.
  • The tourism sector in Mexico contributed almost 1.8 trillion pesos to the country's GDP in 2021.
  • The average international tourist in Mexico spends $385 during their trip.
  • Chichén Itzá was the most visited archeological site in Mexico in 2021.
  • There is a total of 24.7 thousand hotels and similar establishments in Mexico in 2020, compared to the 16.9 thousand in 2010.
  • Mexico is the sixth most visited country by digital nomads on Nomad List, visited by 4% of nomads.

Mexico Inbound Tourism Travel Statistics

How many tourists visit Mexico each year?

1. There were a total of 31.9 million international tourist arrivals in Mexico in 2021, a rise from 24.3 million in 2020.

However, this is still well below the pre-pandemic levels of 45 million international tourist arrivals in 2019.

Mexico international tourist arrivals

2. Between January and November 2022, 34.7 million international tourists arrived in Mexico.

[Embassy of Mexico]

3. In 2021, Mexico recorded more international tourist arrivals than even the United States, which had just 22.1 million arrivals.

A lot of this was because Mexico maintained loose travel restrictions during the pandemic, allowing some 24 million international tourists to visit in 2020 .

4. There were 3.36 million overseas tourists in the first six months of 2022 in Mexico, higher than the recorded 3.12 million of the previous year.

[Travel Pulse]

5. According to the UNWTO World Tourism Barometer in 2023, Mexico is the second most visited country in the world after France.

[Travelness]

Mexico received 31.9 million annual visitors, surpassed only by France with 48.4 million visitors .

6. In 2019, a total of 17.6 international visitors passed through Mexico City International Airport.

Mexico City International Airport is the country’s top airport for inbound travel.

As the capital city of Mexico, Mexico City offers many activities and things to do !

7. However, in 2022, Cancun International Airport welcomed the most international visitors (8.56 million).

Mexico City International Airport saw 3.8 million visitors and Los Cabos Airport received 1.94 million visitors.

Meanwhile, Puerto Vallarta airport had 1.47 million arrivals.

Mexico airports by arrival number

8. Mexico is the most popular international travel destination for American travellers in 2019, with 39.3 million visitors from the US.

In 2019, there were a total of 39.3 million tourists from the USA to Mexico.

9. Tourists arriving by air also increased in June 2022 by 28.5% to 1.88 million arrivals

This is compared to 1.46 million air arrivals in June 2021.

10. However, the number of tourists arriving by land actually dropped by 16.6% in June to 1.07 million travellers.

11. the largest source market for international tourists in mexico is usa, with 11.7 million air arrivals in 2022., 12. the us is followed by canada with 1.5 million arrivals in mexico in 2022..

There were approximately 1.5 million Canadian arrivals in Mexico in 2022.

13. After that are Colombia (787,000), the United Kingdom (523,000), and Spain with 335,000. 

The fourth largest source market for international tourists in Mexico is the UK, with 523 thousand arrivals recorded in 2022.

Mexico tourist source markets

14. Other world nationalities comprised 3.6 million of the total overseas arrivals in Mexico in 2022.

Domestic tourism in mexico statistics.

How many domestic tourists are there in Mexico?

15. In 2019, there were over 62 million domestic tourists staying at hotel establishments throughout the country.

But in 2020, the number of domestic tourists at Mexican hotels in Mexico fell due to the pandemic.

16. In 2021, domestic tourism expenditure in Mexico rose by 9% to 3 trillion Mexican pesos.

17. around 3 in 5 mexicans who go on a vacation state that they usually go to a domestic destination for holiday., 18. the most popular domestic holiday destination in mexico in 2022 was guadalajara. 90% of mexicans stated that it’s their preferred destination for a domestic holiday..

This was chosen as the preferred domestic holiday destination by more than 90% of Mexicans, thanks to all the different and unique things to do in Guadalajara .

19. For domestic trips, more than 50% of respondents say that restaurant offers are the most attractive aspect.

20.  meanwhile, food at a local destination is the most appealing thing from a domestic trip for 44% of travellers., 21. the favorite type of vacation for mexicans would include visits to tourist attractions, as stated by 60% of mexicans in a 2022 survey., 22. in 2019, 85% of total travel and tourism spending in mexico was from domestic tourists..

The percentage remained consistent in 2021, with domestic spending contributing 86% of the total travel spending in Mexico.

Domestic vs international travel spending

Key economic figures in Mexican travel & tourism

23. the tourism sector in mexico contributed almost 1.8 trillion pesos to the country's gdp in 2021., 24. this figure is roughly 7% of the total mexican gdp., 25. in 2020, expenditures by international inbound visitors to mexico amounted to $11.45 billion..

[Macro Trends]

This figures is a 55.7% decline from 2019, when international tourism receipts were at $25.85 billion.

26. In 2020, international tourism expenditure made up 2.64% of exports in Mexico, a sharp decline from the 5.25% share of exports in 2019.

27. the average international tourist in mexico spends $385 during their trip..

In contrast, Mexican tourists spend an average of $160 per person when travelling overseas.

28. The accommodation industry alone generated 600 billion Mexican pesos in 2021.

Accommodation was the highest contributor of travel-related GDP in Mexico.

29. In comparison, restaurants, bars and nightclubs contributed 255 billion Mexican pesos in GDP.

30. the amount of tourism foreign direct investment (fdi) in mexico was $2.2 billion in 2021, the highest since 2010 and around 70% higher than in 2019 and 2020., 31. there were 118 thousand tourism establishments in mexico in 2019, 90% more than the figure in 2010..

Tourism establishments include those in the accommodation, food service, and reservation industries.

Mexican Travel & Tourism Industry Employment

How does travel and tourism contribute to Mexico’s job industry?

32. In 2021, there were 6.03 million jobs related to travel and tourism in Mexico, which is the second highest number in a Latin American country after Brazil.

Compared to Mexico, in Peru there were just 0.96 million travel and tourism jobs in 2021.

33. Excluding informal employment, the sector provides 2.3 million fulltime jobs (5.9% of fulltime employment in Mexico).

34. tourism in mexico also represents 79.9% of the country’s exports in services., mexican travel destination & activity statistics.

What are the top travel destinations in Mexico?

35. In 2021, the country with the most UNESCO World Heritage properties in Latin America was Mexico, with a total of 35. 

It’s followed by Brazil’s 23 sites and 13 World Heritage sites in Peru .

36. Chichén Itzá was the most visited archeological site in Mexico in 2021.

37. the second most popular site, teotihuacán, had more than 900 thousand total visitors in 2021., 38. the mexican port with the most cruise passenger traffic in 2021 is cozumel, with 44% of all cruise passengers in mexico traveling there., 39. the second most popular port among cruise travelers was majahual in quintana roo., 40. as of november 2021, oaxaca de juarez is the cheapest city to travel to in north america, costing only $30.60 per day..

In fact, Mexico is the perfect destination for backpackers as the five cheapest North American cities to travel to are all based in Mexico. Oaxaca de Juarez takes the lead at a daily cost of just $30.60 .

Hotel Industry Statistics in Mexico

How many hotels are there in Mexico?

41. There is a total of 24.7 thousand hotels and similar establishments in Mexico in 2020, compared to the 16.9 thousand in 2010.

In 2020, there were 24.7 thousand hotels and similar establishments in Mexico.

42. In 2021, Mexican hotels had an average room occupancy of 41.4%.

43. beach hotels in mexico tend to have a higher room occupancy rate than city hotels. in 2021, beach hotels recorded 49% occupancy compared to just 35.5% of hotels in city areas..

Hotels in coastal areas like Isla Mujeres tend to attract more guests than city-based hotels.

44. The Mexican tourist destination with the highest hotel occupancy is Los Cabos, with an impressive 60% hotel occupancy rate.

They’re followed by Mazatlán in Sinaloa, which is a beautiful beachside getaway with lots of things to do !

45. The Mexican region with the most hotels in August 2022 was Veracruz, with 1,784 establishments. 

46. it was followed by jalisco with 1,400 hotels, whereas mexico city had 840 hotel establishments in august 2022., 47. in 2021, the leading hotel company in mexico was amresorts. they recorded more than 28 billion mexican pesos of net revenue., 48. the riviera maya and mexico city each recorded more than 12 million occupied rooms in 2019..

The top five tourist destinations for overnight visitors in Mexico is rounded up by Cancún, Los Cabos, and Guadalajara.

Known for its stunning white sand beaches and nightlife, you won’t find a short of things to do in Cancun .

49. The best rated resorts in Mexico in 2022 is Conrad Tulum Riviera Maya in Tulum, followed by One&Only Palmilla.

Tulum itself has plenty of interesting things to do .

Best-rated resorts in Mexico in 2022

Other travel accommodations in Mexico

How many Airbnbs are there in Mexico?

50. From November 2019 to March 2020, the share of domestic Airbnb guests were at a record-high, varying between 63% to 70%.

The share of domestic compared to international guests in Airbnbs across Mexico was between 63% to 70% in the period of November 2019 to March 2020.

51. In 2020, RV sales in Mexico have increased by over 31% in the past year.

[RV Business]

Travelling in RVs is a rising trend in Mexico, shown by the fact that sales of RVs in 2020 had grown by more than 31% .

Travel behaviour and preferences in Mexico

How and why do people visit Mexico?

52. Mexico is the sixth most visited country by digital nomads on Nomad List, visited by 4% of nomads.

[Nomad List]

Along with Mexico, Germany and the UK is also each visited by 4% of all digital nomads .

Most visited countries by digital nomads

53. Mexico City also happens to be the 13th most liked city for female digital nomads.

Although Mexico City received a 4.09 rating by female travellers who work remotely, the city isn’t included on the top 15 most cities liked by male digital nomads.

Most liked city by female digital nomads

54. In 2019, business travel in Mexico City cost almost $220 daily for international guests, with hotels making up for over two-thirds of that budget.

In Mexico City in 2019, the daily cost of business travel amounts to nearly $220 .

55. In 2021, leisure tourism represented 95% of the total tourism expenditures in the North American country that year.

56. more than half of mexicans go on a holiday with their family..

In 2022, over 50% of Mexicans travel with their family.

57. In comparison, only 4% of respondents in a Mexican tourism survey go on a solo trip.

According to a 2022 survey, solo trips are not popular among Mexicans, with only 4% of them going on a holiday only .

From relaxing beach life to the party scene in Cabo San Lucas , there are many facets of Mexico that one could explore.

That’s all for our Mexico travel statistics.

We hope the information could help you learn more about tourism in this beautiful country!

Let us know if we missed any important points…

In the meantime, check out these other statistics:

  • Peru Travel & Tourism Statistics
  • Las Vegas Travel & Tourism Statistics
  • California Travel & Tourism Statistics
  • Embassy of Mexico
  • Travel Pulse
  • Macro Trends
  • RV Business

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Please note you do not have access to teaching notes, covid-19 and tourism in mexico: economic impacts and prospects.

Pandemics and Travel

ISBN : 978-1-80071-071-9 , eISBN : 978-1-80071-070-2

Publication date: 3 September 2021

Tourism is Mexico's largest source of foreign exchange, only surpassed by remittances and foreign direct investment, and is one of the most wealth-generating economic activities in the country. However, measures to mitigate the Covid-19 pandemic – such as the suspension of flights and strict restrictions on people's mobility – have caused great economic damage to the tourism industry, and with it, to large regions in the country. This chapter aims to determine the national and regional impacts of Covid-19 on Mexican tourism and analyze potential recovery scenarios. To this end, the study looks at tourism performance in Mexico in 2020 and compares it to the experience of the H1N1 influenza epidemic of 2009. The methodology uses a spatial econometric model to simulate potential impacts and prospective recovery scenarios. Finally, recommendations for tourism policy consider new trends in tourism, namely the rise in tourism advertising through digital platforms, the surge in domestic, rural and environmental tourism, and the development of a more informed, demanding and selective consumer.

  • Economic recovery
  • Regional development
  • Economic impacts

Quintana-Romero, L. , Mendoza-González, M.Á. and Álvarez-García, J. (2021), "Covid-19 and Tourism in Mexico: Economic Impacts and Prospects", Seabra, C. , Paiva, O. , Silva, C. and Abrantes, J.L. (Ed.) Pandemics and Travel ( Tourism Security-Safety and Post Conflict Destinations ), Emerald Publishing Limited, Leeds, pp. 173-191. https://doi.org/10.1108/978-1-80071-070-220211011

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Mexico Attracts $2.3 Billion in Foreign Tourism Investment Through September

  • November 21, 2023

Magical Towns in Mexico

MÉXICO » News » November 2023  » Mexico Attracts $2.3 Billion in Foreign Tourism Investment Through September

Published by Redacción EFE on November 20, 2023

Visit Mexico

Foreign Direct Investment (FDI) in Mexico’s tourism sector has reached $2.28 billion in the first nine months of this year, comprising 6.9% of the country’s overall FDI, according to the Ministry of Tourism (Sectur). This announcement, made on Monday, highlights the resilience of Mexico’s tourism industry amid global economic shifts.

The Ministry of Economy’s FDI records reveal that in the third quarter of 2023 alone, the sector secured $504.2 million, constituting an impressive 27.1% of the total FDI received by the country during that period.

The states that emerged as the top recipients of this tourism-focused FDI from July to September 2023 include Baja California Sur , leading with $186.4 million (37% of the total); Quintana Roo , securing $104.8 million (20.8%); and Nayarit , attracting $79.3 million (15.7%).

During the third quarter, the United States dominated as the primary source of FDI, contributing $359.2 million (71.2% of the total), followed by Canada with $85.4 million (16.9%) and France with $10.8 million (2.1%).

Specific sectors within the tourism industry saw substantial FDI influx, with $498.1 million directed towards furnished apartments and houses with hotel services. Additionally, airport and heliport management received $5.8 million, accounting for 99.9% of the total Foreign Direct Tourism Investment (FDTI) in the third quarter of 2023.

Miguel Torruco, the head of Sectur, expressed confidence in Mexico’s appeal to international investors and business leaders, citing the record-breaking FDI of $4.47 billion in 2022. This figure represents a remarkable 259.8% increase compared to the pre-pandemic year of 2019. Torruco emphasized that Mexico ranked sixth globally in terms of the number of RTDI (Real Tourism Direct Investment) projects, with 105 projects from 2019 to 2022. This positive trend underscores the country’s standing as an attractive destination for foreign investment in the tourism sector.

Link to the article

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Jalisco

Analyzing Tourism’s Value Chain at National Research Congress

Last week, the 2024 Applied Tourism Research Congress was held at the Universidad Panamericana’s School of Hospitality in Guadalajara, focusing on the tourism value chain. The event saw a gathering of experts from across the academic and tourism sectors, featuring 60 presentations from researchers hailing from five countries: Chile, Colombia, El Salvador, Paraguay, and the Dominican Republic. These presentations were supported by various educational institutions and state tourism secretariats of Mexico.… Read More

Puebla

Nearshoring Boosts Hotel Investment Opportunities in Puebla

In Puebla, the phenomenon of nearshoring is anticipated to drive significant investments into the local hotel sector, according to Luis Javier Cué de la Fuente, president of the National Tourism Business Council (CNET), Puebla chapter. Cué de la Fuente emphasized the potential for this economic trend to foster new hotel developments and attract more international visitors to the region.… Read More

CDMX - Tacos al Pastor

Mexico City: A Top Culinary Destination, Says Condé Nast Traveler

Condé Nast Traveler, the esteemed English magazine known for its luxurious spotlight on the world’s top tourist destinations, has recently honored Mexico City as one of the globe’s premier locales for culinary excellence. This accolade comes as part of the magazine’s annual Readers’ Choice Awards, where readers cast their votes on various categories, including the best global cuisines.… Read More

Sinaloa

Mazatlán Aquarium Introduces the “Reflection Room”

The Mazatlán Aquarium has enhanced its visitor experience by inaugurating a new feature known as the Reflection Room. This addition is part of the celebrations marking the first anniversary of the Great Mazatlán Mar de Cortés Aquarium, a facility that has quickly become a key player in the local tourism and conservation efforts.… Read More

Traditions of Aguascalientes

San Marcos Fair 2024: A Beacon of Culture and Economic Prosperity

The San Marcos National Fair in Aguascalientes, a storied event with nearly two centuries of history, is poised to set a new record in 2024 with anticipated economic benefits surpassing 10,000 million pesos. Known as one of Mexico’s oldest and most celebrated fairs, it has evolved into a significant regional economic catalyst.… Read More

Mazatlán Expects a Tourism Boom During Motorcycle Week

Mazatlán is gearing up for a bustling first week of May, as city officials anticipate near-full hotel occupancy driven by several major events, including the much-anticipated Motorcycle Week from May 2 to 4. Ricardo Velarde Cárdenas, the office manager of the Ministry of Tourism in Sinaloa, revealed that alongside Motorcycle Week, the city will host a soccer event and the Mazatlán Cup, with activities further buoyed by the long weekend for Labor Day.… Read More

Quintana Roo - Cozumel

Cozumel’s Tourism Surge: A Paradise Expanded

Nestled in the Mexican Caribbean, the enchanting island of Cozumel is rapidly becoming a top choice for travelers. With a steady increase in the number of flights, cruise arrivals, and burgeoning hotel bookings, Cozumel is establishing itself as an essential destination for nature enthusiasts and adventure seekers alike.… Read More

Quintana Roo

UN Hosts Cultural and Tourism Forum at Xcaret with a Focus on Film

The United Nations Tourism Organization recently hosted an influential forum titled “Culture and Tourism: A Film Relationship” at the Xcaret hotel complex. This event aimed to explore the symbiotic relationship between the tourism and cinema industries. The forum was a highlight of the broader 2024 edition of the Platino Ibero-American Cinema Awards, a significant event for the Spanish-speaking audiovisual sector, attracting a variety of producers, actors, and film-related professionals.… Read More

Boost in Sonora’s Guided Tours: A 25% Increase Fueled by New Flight Routes

The tourism sector in Sonora has experienced a significant boost, with a 25% increase in guided tour sales this year compared to last. Julio Rascón, the national and state president of the Tour Operators, attributes this growth to enhanced promotional efforts and a surge in demand from travelers from various Mexican states, including Bajío, Zacatecas, San Luis Potosí, Aguascalientes, Yucatán, and Veracruz.… Read More

Madrid Celebrates Hispanic Heritage with Mexico as Guest Country

Madrid is set to showcase its rich cultural tapestry at the fourth annual Festival of Hispanic Heritage this October, with Mexico featured as the guest country. The announcement was made by Isabel Díaz Ayuso, president of the Community of Madrid, who emphasized the festival’s role in connecting with distant markets and celebrating the diverse origins of Madrid’s residents.… Read More

Campeche

New Leadership in Campeche’s Restaurant Association Aims to Boost Tourism

In a recent development aimed at promoting tourism in Campeche, Francisco Estrada Gómez, the president of the Tourism Business Council of Shops on 59th Street and traditional neighborhoods, introduced the new board of directors for the association. This strategic move underscores the ongoing efforts to enhance the region’s attractiveness to tourists and provide a boost to local businesses.… Read More

Gastronomy of Morelos

Morelos Marks 155 Years of Statehood with Celebrations

Morelos, one of Mexico’s vibrant states, recently celebrated a significant milestone—its 155th anniversary as a federative entity. The state was officially established in 1869 by then-President Benito Juárez García, who organized it into the districts of Cuernavaca, Cuautla, Jonacatepec, Tetecala, and Yautepec. These areas, once part of the State of Mexico, came together to form what is now known as Morelos.… Read More

Tourist attractions in México

Gastronomy of Puebla

The Gastronomy of Mexico has a great diversity of typical dishes, which is why it was recognized by UNESCO as Intangible Heritage of Humanity. The basic and representative ingredients of Mexican dishes are: corn, coriander, chili, beans, piloncillo, nopal and tomato. Mexican cuisine is also characterized by its sauces, which serve as an accompaniment to traditional dishes, prepared based on spices.… Read More

Interesting Sites and Activities

  • Traditions in Mexico

It is practically impossible to make a meticulous, and above all, accurate selection of the places to visit in Mexico. Each place that our country houses is unique and beautiful in its own way. Mexico, with its nearly 2 million km², has a large number of scenarios to offer, as well as endless activities to do. Do not lose your way and enter the places to visit in Mexico. In Mexico, apart from the beaches and its famous archaeological sites, there are many other really interesting sites and activities that you should know. In the surroundings of the main cities you will find places full of culture and tradition, where you can spend relaxing, interesting and fun vacations. On your trip through Mexico you cannot stop obtaining souvenirs, the crafts that are made here are of the highest quality and recognized worldwide. A shopping tour cannot be missed.… Read More

Magical Towns in Mexico

  • Magical Towns

A Magical Town is a place with symbols and legends, towns with history that in many cases have been the scene of transcendent events for our country, they are places that show the national identity in each of its corners, with a magic that emanates from its attractions ; visiting them is an opportunity to discover the charm of Mexico. The Magical Towns Program contributes to revalue a set of populations in the country that have always been in the collective imagination of the nation and that represent fresh and varied alternatives for national and foreign visitors. A town that through time and in the face of modernity, has conserved, valued and defended its historical, cultural and natural heritage; and manifests it in various expressions through its tangible and intangible heritage. A Magical Town is a town that has unique, symbolic attributes, authentic stories, transcendent events, everyday life, which means a great opportunity for tourist use, taking into account the motivations and needs of travelers.… Read More

Capital Cities of Mexico

  • Capital Cities

Folklore, gastronomy, literary culture, art and exhibitions, is what you will find in the capitals of the states of Mexico. To the north, colonial Mexico, Puebla, Guadalajara, Guanajuato, the Sonoran desert and the California peninsula. To the east Veracruz and the gulf. To the west Acapulco, Oaxaca and Tuxtla Gutiérrez. And to the south the Riviera Maya and the pyramids of Chichén-Itzá, Tulúm and Cobá in Yucatán, Palenque in Chiapas, the cenotes, and the Central American jungles.… Read More

Beaches in Mexico

On the Beaches of Mexico you can immerse yourself in the intense blue ocean of the Pacific bays, sunbathe on the shore of the warm and transparent waves of the Caribbean Sea in Quintana Roo or even rest on the beautiful coasts of the Gulf of Mexico. Mexican beaches hide wonderful secrets for the traveler. By visiting them, in addition to enjoying the excellent climate and water activities, you can discover splendid archaeological sites and interesting colonial cities without traveling long distances.… Read More

States Of Mexico

States Of Mexico

Mexico has an incredible diversity of landscapes, where the beauty of its beaches, internationally recognized, stands out. In its vast territory of coasts, there are beaches of unparalleled beauty, and colorful landscapes. A large network of first-class hotels and tourist services is available to visitors to these beaches. Mexico is also mystical places, dotted with archaeological testimonies inherited from its original inhabitants. Monuments made by the Mayas, Aztecs and Toltecs are located in magical landscapes, like lighthouses in an ocean of natural beauty. They offer visitors buildings that tell their history, and museums that collect their cultural heritage. And that keep alive ancestral traditions, in ceremonies and festivals, where you can enjoy cultural activities and entertainment.… Read More

Archaeological Sites

  • Archaeological Sites

The Archaeological Zones are the cultural past of every Mexican. You will be amazed at the ambient, nature and the environment that surrounds them. Climbing to the top or being around it will take us back in time to admire every detail. México is a country of culture and traditions, many of which we have inherited from the pre-Hispanic inhabitants of this vast territory, although it is true that there were more settlements in the central and southern part of the country, it is also possible to find some archaeological remains in the north. … Read More

Ecotourism in Mexico

  • Ecotourism and Adventure

Mexico is one of the best countries for Ecotourism as it has a great variety of flora and fauna, as well as a large number of refuges for extraordinary species. You can enjoy recreational activities of appreciation and knowledge of nature through contact with it, such as: stargazing, observation of natural attractions, wildlife and bird watching. Throughout México there are more than 176 protected natural areas, 5 of them considered by UNESCO as Natural Heritage of Humanity. Just for this and much more, we believe that Mexico is a Paradise for Ecotourism.… Read More

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Mexico Tourism

Mexico Tourism Statistics And Trends

Updated on May 29, 2023 by Axel Hernborg

Axel Hernborg

Mexico truly is a land of beauty, and tourism is a significant source of income for the country.

The tourism sector has been called “an industry without smokestacks” by the Mexican government since the 1960s, and this has not changed.

This country has been one of the top tourist destinations in the world, according to the World Tourism Organization.

It is also the second-most popular country to visit in the Americas, only behind the United States.

In 2017, Mexico was recognized as being the 6th most visited country for activities, with the country’s numerous UNESCO World Heritage Sites dotted around the beautiful country.

Not only that, but there are incredible wildlife reserves, historical cities, and breathtaking landscapes that will draw in any adventurer.

The tropical and subtropical climate of the country means that visitors can expect temperatures to remain pleasant year-round, no matter the season.

The most popular tourist seasons include mid-summer, Easter time, Spring Break, and December.

At these points, places like beach resorts and hotels are bustling with visitors ready to enjoy the wonders that the country has to offer.

Most visitors to Mexico are from the US and Canada, as well as other countries in Latin America like Colombia.

Over the years, tourism to Mexico has grown exponentially as people have discovered the magic of the country, the culture, and the food.

While the country has capitalized on tourism for many years, there are issues about sustainability and damage to the environment in recent years.

These issues have sparked new trends in travel and tourism all over the world, including Mexico.

Now, many travelers try to explore the country in a more sustainable manner and allow themselves to experience a whole host of different activities while in the country.

Statistics And Trends In Tourism In Mexico

  • The tourism industry is expected to contribute to roughly 8.6% of Mexico’s GDP in 2023.
  • Mexico’s tourism sector employed 4.49 million in 2022’s second quarter, exceeding pre-pandemic levels of 4.487 million.
  • Tourism-related employment accounted for 8.8% of Mexico’s national work in 2022.
  • In 2022, 58 million international travelers entered Mexico. This is still 30 million less than pre-pandemic levels.
  • It is expected that there will be around 40 million international tourists visiting Mexico in 2023.
  • While these figures are high for estimated international tourism, the expected 2023 levels are still 12.6% lower than pre-pandemic figures.
  • There was an 18% increase in tourists visiting Mexico in February 2023 compared to February 2022.
  • There were 3.36 million international travelers going to Mexico in the first half of 2022. In 2021, this figure was 3.12 million.
  • There has been a 13% increase in international travel to Mexico since travel measures have been removed
  • A total of US$2.4 billion was spent by international tourists in Mexico in November 2022 alone
  • In January 2023, Mexico’s tourism revenue reached US$3 billion, which is the same figure as December 2022.
  • Mexico’s tourism revenue was at a record low in April 2020 at just US$130 million.
  • Mexico’s tourism revenue reached an all-time high in December 2022 at an incredible US$3.048 billion.
  • The average spending on international visitors in Mexico was US$691. This is an impressive 42.1% more than from 2021.
  • The Mexican government predicts that the country will earn roughly $790 for every international tourist it receives in 2023. This is an increase of 11.3% compared to 2022, and 26.8% more than in 2019 before the pandemic.
  • There were 17.1 million inbound tourists to Mexico via air, which is 55.6% more than in 2021.
  • July and December are the most popular months to visit Mexico, with between 3.4–3.7 million visitors.
  • There were 10.6 million international tourists who arrived in Mexico via car in 2022.
  • In 2022, a staggering 11.7 million travelers from the United States visited Mexico, followed by 1.5 million Canadians, 787,000 Colombians, and 523,000 people from the UK.
  • Domestic flights in Mexico have increased by 31.3% in 2022 to an impressive 4.98 million.
  • In 2023, there were a staggering 4.99 million international travelers going through Mexico’s airports in January alone. This is a 32.4% increase from January 2022.
  • There was a 52.7% rise in the balance of international travelers from January to October 2022 of $16.8 billion. This exceeded the same period in 2019 by a staggering 39.9%.
  • As of May 2023, there has been an increase in occupancy of beach centers in Mexico of 14.8%. This represents the registered 142,685 occupied rooms in 2023 compared to the 124,300 registered occupied rooms in 2022.
  • Of the 19.8 million tourists in Mexico between January and March 2023, 69.9% of the total were nationals. This came to a staggering 13.9 million individuals.
  • Between January and March 2023, the most popular tourist centers in Mexico include Akumal, Playacar, Cabo San Lucas, New Nayarit, Puerto Vallarta, and Cancun. All of these tourist centers had occupancy levels above 80%.
  • There was an average increase of 19% in the number of occupied rooms in the first quarter of 2023.
  • There is expected to be a growth of 2.7% in domestic tourism in Mexico in 2023.

Travel Trends In The Tourism Industry

Mexico Tourism Statistics And Trends

  • Cancun is the most popular city for international visitors to arrive via air, with 8,566,976 visitors. Mexico City is in second place with 3,805,421, and Los Cabos is in third place with 1,944.351 visitors.
  • The 35 World Heritage Sites in Mexico attract millions of tourists every year.
  • Mexico has the most World Heritage Sites in Latin America, which has helped to make this country the most visited in Latin America.
  • Mexico remains one of the most popular tourist destinations in the world due to its affordability and incredible climate and landscapes.
  • The inner cities in Mexico have the lowest occupancy, suggesting that visitors do not prefer to spend their time in these areas while visiting the country.
  • Hotel rooms still continue to be more popular than beach resorts in Mexico, likely due to their differences in price.
  • Sustainable tourism is expected to increase in Mexico in 2023 as more people become increasingly conscious of the impact of their travel on the environment.
  • Wellness tourism is also expected to increase in Mexico in 2023 and onwards as more people look for ways to improve their well-being and overall health. Things like yoga and spa retreats are included in this.
  • Food tourism is expected to trend in Mexico and many other countries in 2023. There are many variations of this, including cooking classes, farm-to-table experiences, and food tours.
  • Adventure tourism is also expected to trend in Mexico in 2023, with more people gravitating towards activities such as whitewater rafting, bungee jumping, and rock climbing.
  • Security measures in tourist destinations play a key role in whether travelers will visit a location or not.
  • As remote work has increased in Mexico, many people prefer to visit destinations where they can still complete their work while also enjoying the location, also blown as bleisure (business leisure).
  • Festivals and celebrations continue to bring in tourists, with around 7.5 million international travelers visiting the country for Día de Muertos in 2018 and 4 million in 2022.
  • Package holidays to Mexico are expected to continue to be highly popular among tourists and visitors, bringing in total revenue of $4.63 billion in 2023 and expected to reach $5.14 billion by 2027.
  • Camping is expected to continue to be one of the least popular activities in Mexico, with average revenue expected to stay at $0.02 billion of the country’s total tourism revenue.
  • Hotels will likely continue to be the primary income from Mexico’s tourism revenue, making $7.55 billion in revenue in 2023. This number is expected to increase to $9.85 billion by 2027.
  • Dive tourism is expected to remain popular in Mexico, generating an estimated US $455 million to US $725 million annually.
  • Activities such as diving and snorkeling are expected to remain incredibly popular for tourists. Many of these operations are run by small family businesses throughout the country.

Beautiful Mexico in Cinema 4K and Drone: best places to visit in 2023!

  • Mexico Expects Surge in International Travelers in 2023 | TravelPulse
  • 2022 tourist arrivals to Mexico by air surpass pre-pandemic levels
  • https://www.travelpulse.com/News/Destinations/The-Latest-Figures-for-Mexico-s-Tourism-Industry
  • [Up-to-Date] Mexico Tourism Revenue [Data & Charts], 1980 – 2023   
  • Mexico’s Tourism Revenue Continues Dramatic Growth | TravelPulse  
  • Mexico Tourism Data and Statistics  
  • Hotel Occupancy Up in Mexico’s Tourist Destinations | Latina Republic  
  • 5 types of tourism that will be a trend in Mexico in 2023
  • Tourism in Mexico: trends for the sector in 2023   
  • Mexico Gets Ready for the Day of the Dead | Travel Agent Central  
  • Day of the Dead To Generate an Estimated $1.8 Billion in Mexico | TravelPulse  
  • Travel & Tourism – Mexico | Statista Market Forecast  
  • Tourism statistics (January – August 2021)

Axel Hernborg

Hello! I am Axel, tripplo.com’s travel savings, deals and discounts expert and founder. I have been in the travel deals and discounts industry for almost a decade now. It’s me who publish and update most of the content and discounts on tripplo.com! I also have a podcast in which I share valuable information about how to get the best travel deals and discounts.

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Hospitality Market in Mexico Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Hospitality Industry in Mexico Report is Segmented by Type (Chain Hotels and Independent Hotels) and Segment (Service Apartments, Budget and Economy Hotels, Mid- and Upper-Mid-Scale Hotels, and Luxury Hotels). The Report Offers Market Size and Forecasts for the Hospitality Industry in Mexico in Value (USD) for all the Above Segments.

Mexico Hospitality Market Size

Mexico Hospitality Market Summary

Need a report that reflects how COVID-19 has impacted this market and its growth?

Mexico Hospitality Market Analysis

The Hospitality Industry In Mexico Market size is estimated at USD 22.96 billion in 2024, and is expected to reach USD 30.12 billion by 2029, growing at a CAGR of 5.57% during the forecast period (2024-2029).

The rise in the number of tourists entering the country for vacation and business travels supports the growth of the hospitality market in Mexico. The demand for hospitality services in Mexico increased due to factors such as growth of GDP, rising employment rates, increasing disposable income, and changes in consumer spending. Since there is considerable encouragement for travel and tourism in Mexico, it contributes toward the growth of the country's hospitality sector.

The critical factor in the expansion of the Mexican hospitality industry is the rise in marketing and promotion of tourism. The Mexican government and tourism boards actively engage in various programs and strategies to promote tourism. Thus, due to the strong advertisement and marketing-supported growth of the hospitality industry in Mexico.

The Mexican government and the tourist sector are investing a lot to make all the tourist spots attractive. The Mexican tourism industry has continuously worked to grow the hotel industry. By inviting all the largest hotel companies to the country in the past few years, the hospitality industry in Mexico shifted to the next level.

Mexico Hospitality Market Trends

Rising number of tourists in mexico are driving the market.

Social media has influenced the growth of the tourism industry in Mexico. Travel brands use social media to build relationships, foster loyalty, and offer virtual tours and experiences. The features provided by social commerce allow users to book flights, hotels, and activities through the online platform according to their travel plans. Hence, these features provided by the social platforms contribute to the tourism sector's growth in Mexico.

Mexico Hospitality Market :Number Of International Tourists, Mexico, In USD Billion, 2020 - 2022

Increased Hotel Occupancy In Mexico

The Secretary of Tourism, Miguel Torruco Marqués, announced that the percentage of hotel occupancy for January-July was 55.5% in 70 selected tourist destinations. The hotel industry in Mexico plays a vital role in the nation’s economy, contributing significantly to its GDP and providing extensive employment opportunities. The sector comprises various accommodations, from luxury resorts to budget-friendly hotels catering for domestic and international travelers.

With its strong cultural heritage, beautiful landscapes, and diverse attractions, Mexico has become a favored destination for tourists worldwide. The country’s vibrant cities, pristine beaches, historical sites, and culinary delights attract a wide array of tourists, driving the demand for accommodations and fueling the growth of the hotel industry.

Mexico Hospitality Market : Occupancy Rate Of Hotel Rooms, Mexico, 2020 - 2022

Mexico Hospitality Industry Overview

The hospitality market in Mexico is fragmented. Despite the robust presence of international chains, the hospitality sector in Mexico is predominantly influenced by local entities. The country features a rich array of approximately 180 brands, encompassing both international and domestic names. Grupo Posadas stands out as the industry leader, with an expansive portfolio of over 140 hotels across Mexico's diverse regions. The major players dominating the market are Grupo Posadas, InterContinental Hotels Group, Marriott International, Cityexpress Hoteles, and Grupo Real Turismo.

Mexico Hospitality Market Leaders

Grupo Posadas

InterContinental Hotels Group

Marriott International

Cityexpress Hoteles

Grupo Real Turismo

*Disclaimer: Major Players sorted in no particular order

Mexico Hospitality Market Concentration

Mexico Hospitality Market News

  • September 2023: IHG Hotels & Resorts, a prominent player in cloud-based solutions and a major player in the global hotel industry, unveiled an enhanced digital booking platform. Harnessing the capabilities of cloud technology, IHG is revolutionizing the hospitality landscape, offering guests a more streamlined, user-friendly, and expeditious booking process with added options for personalization.
  • November 2022: Marriott International announced the expansion of its luxury portfolio in Mexico through multi-brand, all-inclusive signing agreements with the international developer AB Living Group.

Hospitality Industry in Mexico Market Report - Table of Contents

1. INTRODUCTION

1.1 Study Assumptions & Market Definition

1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1 Market Drivers

4.1.1 Growth In The Tourist Attractions Driving The Market

4.1.2 Increased Investments In hotels, Restaurants And Cafes Drives The Market

4.2 Market Restraints

4.2.1 Changing Consumer Preferences And Demands

4.2.2 Digital Skills Gap

4.3 Market Opportunities

4.3.1 Rise In Consumer Preferences For Luxury Hotels And Stays

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

4.5 Impact of COVID-19 on the market

4.6 Insights on Revenue Flows from Accommodation and Food and Beverage Sectors

4.7 Insights on leading Cities in the Mexico with respect to number of visitors

5. MARKET SEGMENTATION

5.1 By Type

5.1.1 Chain Hotels

5.1.2 Independent Hotels

5.2 By Segment

5.2.1 Service Apartments

5.2.2 Budget and Economy Hotels

5.2.3 Mid and Upper mid scale Hotels

5.2.4 Luxury Hotels

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration Overview

6.2 Company Profiles

6.2.1 Grupo Posadas

6.2.2 InterContinental Hotels Group

6.2.3 Marriott International

6.2.4 Cityexpress Hoteles

6.2.5 Grupo Real Turismo

6.2.6 AIM Resorts

6.2.7 RIU Hotels & Resorts

6.2.8 Grupo Real Turismo

6.2.9 Palace Resorts

6.2.10 Hoteles Mision*

  • *List Not Exhaustive

7. MARKET FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

Mexico Hospitality Industry Segmentation

Hospitality is the practice of welcoming travelers or providing a place to stay. The hospitality and tourism industry encompasses all economic activities that contribute directly or indirectly to or depend on, such as travel and tourism.

The hospitality industry in Mexico is segmented into types and segments. By type, the market is segmented into chain hotels and independent hotels. The market is segmented into service apartments, budget and economy hotels, mid- and upper-mid-scale hotels, and luxury hotels. The report offers market size and forecasts for the hospitality market in Mexico in terms of values (USD) for all the above segments.

Hospitality Industry in Mexico Market Research Faqs

How big is the hospitality industry in mexico market.

The Hospitality Industry In Mexico Market size is expected to reach USD 22.96 billion in 2024 and grow at a CAGR of 5.57% to reach USD 30.12 billion by 2029.

What is the current Hospitality Industry In Mexico Market size?

In 2024, the Hospitality Industry In Mexico Market size is expected to reach USD 22.96 billion.

Who are the key players in Hospitality Industry In Mexico Market?

Grupo Posadas, InterContinental Hotels Group, Marriott International, Cityexpress Hoteles and Grupo Real Turismo are the major companies operating in the Hospitality Industry In Mexico Market.

What years does this Hospitality Industry In Mexico Market cover, and what was the market size in 2023?

In 2023, the Hospitality Industry In Mexico Market size was estimated at USD 21.68 billion. The report covers the Hospitality Industry In Mexico Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Hospitality Industry In Mexico Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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Hospitality Industry in Mexico Industry Report

Statistics for the 2024 Hospitality Industry in Mexico market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hospitality Industry in Mexico analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Hospitality Industry in Mexico Report Snapshots

  • Hospitality Industry in Mexico Market Size
  • Hospitality Industry in Mexico Market Share
  • Hospitality Industry in Mexico Market Trends
  • Hospitality Industry in Mexico Companies

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The Best Hotels in Mexico City, From Art Deco Guesthouses to Minimalist Hideouts

By Michaela Trimble

Image may contain Architecture Building Dining Room Dining Table Furniture Indoors Room Table and Interior Design

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There’s a reason Mexico is one of the most coveted destinations to visit in Latin America—and why the best hotels in Mexico City are an excellent play to start immersing yourself in the culture. Warm and deeply hospitable, with some of the best food in the world and a flourishing art and design scene, Mexico City is a great place to visit any time; the weather is perfect nearly year-round.

Whether you opt to stay in Mexico City’s Centró Historico district, where icons like the La Catedral Metropolitana and the Museo de Templo Mayor are within easy reach, or you prefer to venture to Condesa , where parks and green spaces are as abundant as natural wine bars and convivial cafés, you can’t go wrong. Below, our guide to the best hotels in Mexico City.

Vogue ’s Favorite Hotels in Mexico City

  • For a Home Away From Home: Ignacia Guesthouse
  • For Impeccable Views: Ritz Carlton Mexico City
  • For a Luxurious Work Trip: Four Seasons Mexico City
  • For a Creative Escape: Hotel San Fernando
  • For Monastic Calm: Octavia Casa
  • For Contemporary Art Fans: Colima 71
  • For an Intimate Retreat : La Valise Mexico City
  • For Upscale Design: Campos Polanco
  • For Music Lovers: Volga

Ignacia Guesthouse

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This Beaux-Arts mansion was first built in 1913 as a private family home and is now one of the top boutique properties in the Roma Norte borough. Named after the home’s housekeeper, Ignacia, who worked at the mansion for more than forty years, the nine-suite property—featuring a salon, dining room, kitchen area, and three suites set in the original structure—is sought after for its cozy feel, as if you’re staying at the home of a well-to-do friend. In partnership with construction firm Factor Eficiencia, the designer Andrés Gutiérrez was tapped to create a new extension of the property, which now houses four suites designed in color-blocked interiors, from a gold-hued room to one decked in shades of rose. In 2022, two balcony suites were added, which share a common outdoor space adorned with fireplaces and a jacuzzi framed by treetops. During a stay, guests are privy to elaborate breakfast spreads that present Mexican classics like huevos rancheros and chilaquiles in the highest quality manner with ingredients sourced from traditional markets around the city.

  • Amenities: Outdoor courtyard, library, specialty coffee, homemade breakfast
  • Editor’s tip: Don’t miss the property’s daily happy hour. Complimentary drinks are served in the courtyard daily from 5 p.m. to 7 p.m.
  • Address: Jalapa 208, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX, Mexico

Casa Polanco

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Located on the iconic Parque Lincoln in the ritzy Polanco borough, situated beyond a wrought-iron entranceway shrouded in greenery, this Spanish Colonial Revival estate was originally built as a private residence in the 1940s. After undergoing a meticulous four-year restoration process overseen by the architect Claudio Gantuz, Casa Polanco is now one of the area’s top boutique hotels, host to 19 opulent suites and one of the city’s top art collections. Interior design mother-daughter team Monica Romo and Monica Novelo of Casa M+M selected an eclectic mix of both classic and retro furniture to accent the property, which can first be seen in the foyer, a space made cozy with velvet olive furnishings and a marble fireplace. Within the home are green marble floors made even more vibrant by whitewashed walls, as well as a spiral staircase that leads to the suites. Within most of the rooms are two areas—a living and a workspace—as well as walnut wood flooring and custom furnishings by Alfonso Marina, one of Mexico’s finest cabinetmakers.

  • Amenities: Private art collection, library, spa, and gym
  • Editor’s tip: Browse the property’s private art collection, including abstract works by Jordi Boldó and black-and-white images by the contemporary photographer Graciela Iturbide.
  • Address: Luis G. Urbina 84, Polanco, Polanco III Secc, Miguel Hidalgo, 11560 Ciudad de México, CDMX, Mexico

Ritz Carlton Mexico City

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When it comes to impeccable views, the Ritz Carlton Mexico City has one of the best. Located within the towering, 58-story Chapultepec Uno skyscraper, of which the property occupies thirteen floors, the hotel’s interiors nod to the surrealist movement with a mix of metals, mirrors, and glass to create a reflective, sometimes perception-bending view of the city. Perched above the wide Paseo de la Reforma avenue, the hotel has a bird’s eye view of one of the city’s most iconic sites: Castilo de Chapultepec, once the home of the Spanish Emperor Maximilian I and Empress Carlota. Of the 153 guest rooms, 19 are suites, some with private terraces with seating areas, dining and living rooms, and spacious marble bathrooms with soaking tubs. During a stay, guests can dine at Samos, the property’s Mediterranean-inspired eatery located on the 38 th floor, or cocktails at Carlotta, the sky bar with unmatched views.

  • Amenities: Mediterranean restaurant, cocktail bar, spa, sweeping views
  • Editor’s tip: Guests who prefer to skirt the grips of Mexico City traffic can arrive at the property by landing at its very own rooftop helipad.
  • Address: Av. P.º de la Reforma 509, Cuauhtémoc, 06500 Ciudad de México, CDMX, Mexico

Four Seasons Mexico City

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Located on the bustling Paseo de la Reforma avenue where the lavender blooms of jacaranda trees blossom every spring, this hacienda-style property is one of the classic luxury hotels of the city. It’s one of the top choices of celebrities visiting the city, too, including the likes of Taylor Swift and Dua Lipa. Beyond the dimly lit lounge—where velvet sofas and a café offer an intimate setting for casual business meetings—is the heartbeat of the property: the central courtyard, an area draped in fruit trees, tropical plants, and Mexican art. It’s also where guests can access the hotel’s restaurant, Zanaya, a seafood-forward eatery that showcases the fresh catch of Mexico’s Pacific Coast, and Fifty Mils, one of the top cocktail bars in Latin America. Beyond the courtyard are over 200 guestrooms, of which 40 are suites, either with a courtyard view or a view of the skyline, outfitted with rich interiors like hardwood floors and a color palette of persimmon, sky blue, and gold.

  • Amenities: Two restaurants, café, bar, spa, and a rooftop pool
  • Editor’s tip: The property is set steps from the first section of the Bosque de Chapultepec, a verdant green space host to cobbled walkways perfect for running and the Castilo de Chapultepec, a historic hilltop castle that’s now the National Museum of History.
  • Address: Av. P.º de la Reforma 500, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX, Mexico

Hotel San Fernando

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Just steps from the Condesa neighborhood’s jacaranda-lined Parque Mexico, Hotel San Fernando is a tucked-away boutique hotel button-holed between a natural wine bar and a café. When guests first arrive at the Art Deco building—it was originally built as an apartment complex in 1947 and has since been converted into a hotel by the Texas-based Bunkhouse group—they’re greeted by a minty façade lined with potted plants and an outdoor seating area, an extension of the ground-floor bar that offers Agave-based cocktails and classic Mexican small plates by evening. Adjacent to the space is the lobby, an area perfumed with copal incense and adorned with jewel-toned seating. Just beyond is a staircase that leads guests to the 19 candy-colored suites. Each offers walls shaded in pops of coral and features accents produced by Mexico-based creatives, from plywood furniture designed by the design firm La Metropolitan and customized bedside lighting and decorative lamps by the studio Oaxifornia, to artwork by the likes of Ricardo Guevara, Juan Carlos Breceda, and Pedro Friedeberg.

  • Amenities: Rooftop, restaurant, bar, suites with fully-equipped kitchens
  • Editor’s tip: Travelers can bring their dog in tow, as the property is pet-friendly and located next to the top dog park in Condesa.
  • Address: Iztaccihuatl 54, Hipódromo, Cuauhtémoc, 06100 Ciudad de México, CDMX, Mexico

Octavia Casa

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This minimalist bed-and-breakfast is the work of the fashion designer Roberta Maceda, of label Octavia, who set about creating the oasis of her dreams alongside her mother after the duo purchased a crumbling building in the Condesa neighborhood. After demolishing the building and starting fresh, the duo built Octavia Casa. On a block of otherwise colorful façades, this contemporary, three-story building is distinct: designed by the architect Pablo Pérez Palacios, the entrance is marked by teca-wood panels and planters overflowing with jasmine. Within, guests are greeted in the lobby marked by walls brushed with chukum , a lime and concrete finish first used by the Maya of southern Mexico. In the lobby is a seating area with bamboo stools set adjacent to a breakfast nook: a tranquil garden with pebbled flooring and shade provided by a fruiting Japanese guava tree. Up a staircase are seven suites, each in varying size—two studios, a large apartment-style suite, and four standard rooms—and which showcase the works of some of Mexico’s premier design studios, from ceramics by Encrudo to glassware by Onora Casa. While the property doesn’t have a restaurant, it does offer daily breakfasts with coffee, juice, and pastries provided by the next-door bakery.

  • Amenities: Rooftop, continental breakfast, natural wine menu
  • Editor’s tip: On the rooftop terrace, a space filled with Acapulco chairs and terrazzo tables, guests can enjoy the sunset over the property’s selection of Mexican natural wines.
  • Address: Av. Amatlan 126, Hipódromo Condesa, Cuauhtémoc, 06170 Ciudad de México, CDMX, Mexico

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For contemporary art enthusiasts, a stay at Colima 71 in the Roma Norte neighborhood is ideal. Designed by the famed Mexican architect Alberto Kalach—who is best known for his design of private homes and boutique hotels along the Oaxacan coast—the brutalist-style property melds elemental materials with the tree-lined natural surroundings of the neighborhood. When guests first enter, they’re greeted by a lobby with velvet furnishings and a floor-to-ceiling installation of black-and-white photography by the artist Iñaki Bonilla. Further inside is another sculpture, this one by Guatemalan artist Darío Escobar made from found objects like bicycle tires and steel. It matches the aesthetic of the steel and glass elevator that takes guests up to the floors host to 16 apartment-style suites. Within each are refined furnishings and well-equipped kitchens that make the suites perfect for extended stays in the area. Though the property doesn’t have a restaurant, guests are offered direct-to-suite delivery of morning pastries and specialty coffee.

  • Amenities: Cozy lounge, stocked bar, extensive library
  • Editor’s tip: Be sure to help yourself to the honesty bar near the lounge, replete with a luxurious green marble tabletop sourced from Iran.
  • Address: Colima 71, col. , Del, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX, Mexico

La Valise Mexico City

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Set in a renovated 1920s French-style townhouse, this boutique property is located near all the best art galleries, restaurants, bars, and cafés in the Roma Norte neighborhood. With only eight expansive suites, the hotel offers an unmatched level of intimacy, with an ever-attentive team ready to assist guests during their stay by booking experiences ranging from a taco and Mezcal tour to hot air balloon rides over the ruins of Teotihuacán. Each of the suites feels more like a studio apartment by design and features bespoke Mexican artifacts, vintage objects, and furnishings selected by the brand’s design director, Roberto Ayala. For the most unique stay, guests can book one of the suites that offers a rolling slide-out king bed that allows guests to sleep outdoors on a private terrace. Not only does it offer a distinct way to soak up the cityscape, but the hotel also offers in-suite projectors for movie nights al fresco.

  • Amenities: Daily breakfast, nightly turn-down service, in-room projectors
  • Editor’s tip: La Valise is just around the corner from Panadería Rosetta, where guests can order afternoon croissants, cappuccinos, and green juice.
  • Address: Tonalá 53, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX, Mexico

Campos Polanco

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Overlooking the República Del Líbano garden and only one block from the tranquil Parque Lincoln, Campos Polanco is one of the newest hotels in the posh Polanco borough. Beyond the reception area of the six-floor Art Deco building—a space decorated with a mustard leather sofa and walnut lounge chairs upholstered in black leather or blue velvet—is a spiral terrazzo staircase that guests can use to access the hotel’s suites. Each level of the building has a shared space, from a library to a dining table, perfect for family gatherings. While some suites are studio in style, more akin to traditional hotel rooms, some of the largest rooms are more residential and offer living areas with fireplaces, fully-equipped kitchens, as well as open-concept bathrooms with claw-foot porcelain soaking tubs, making them ideal for extended stays in the city. Each morning, guests can enjoy breakfast in the downstairs courtyard or within a cozy breakfast nook with dishes that include recipes prepared by the chef Diego Isunza Kahlo, the great-grand-nephew of Frida Kahlo.

  • Amenities: Complimentary breakfast, robust art collection, top-floor terrace
  • Editor’s tip: Guests will be surprised when they enter their rooms and find a sampling of Mexican chocolate paired with Oaxacan mezcal produced in the Santiago Matatlán region.
  • Address: Campos Elíseos 361, Polanco, Polanco III Secc, Miguel Hidalgo, 11540 Ciudad de México, CDMX, Mexico

Círculo Mexicano

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If travelers seek to experience the iconic sites of Centro Historic, there’s no better boutique property to stay in the city. Located on the cobbled pedestrian street in downtown Mexico City, this property—first built as a 19th-century townhome and the former residence of the late photographer Manuel Álvarez Bravo—feels like staying at a minimalist bazaar. On the ground floor are a series of shops, a courtyard seafood restaurant, and a cantina-style bar called Itacate del Mar for takeaway snacks. Above are the 25 Shaker-style guest suites, each replete with oakwood furnishings produced by the design studio La Metropolitana and some with exposed brick Catalan vault ceilings. But perhaps the property’s most incredible feature is the rooftop, host to an infinity pool, cocktail bar, and heated dipping tub. It also has one of the best views in the city: an unobstructed vista of Catedral Metropolitana, Palacio Nacional, and the Templo Mayor museum.

  • Amenities: Ground-floor restaurants and shops, rooftop cocktail bar with outdoor pool
  • Editor’s tip: If you can’t get a reservation at the hit restaurant Contramar, the courtyard of this hotel offers another restaurant by chef Gabriela Cámara, a seafood eatery and a cantina-style bar called Itacate del Mar.
  • Address: República de Guatemala 20, Mexico City 06000, Mexico

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Guests will know they’ve arrived at the Condesa DF when they glimpse a crimson 1940s Chevrolet Coupe at the entrance of an idyllic French Neoclassical building. The art installation by the contemporary Mexican artist Betsabeé Romero sets the tone for a stay at this boutique hotel, set within a private mansion first built in the 1920s. The architect Javier Sánchez led the building’s renovation into a 40-room hotel, while the Parisian (and AD100 !) interior designer India Mahdavi created the furnishings of the minimalist, monastic-style suites. The result is a contemporary boutique property with a touch of nostalgia, nodding to a time when the mansion halls still hosted fanciful dinner parties and soirees. On any given morning, guests can take to the ground-floor eatery to cowork aside city residents while enjoying breakfast spreads and evenings at the rooftop terrace, where sushi is served alongside views of Parque España and the Castilo de Chapultepec.

  • Amenities: Ground-floor café and restaurant, rooftop terrace, speakeasy and vinyl room
  • Editor’s tip: The property hosts a ground-floor café that serves Kyoto-style coffee and a sultry new speakeasy and vinyl room for after-hours listening sessions.
  • Address: Avenida Veracruz, 102 Colonia Condesa, 06700 Mexico City, Mexico

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As if London landed in the heart of the Polanco neighborhood, The Alest is singular in its appeal. At the sleek black entryway, bright red tables are set below baby blue pergolas. Beyond, a mirror-lined corridor leads to the lobby, an opulent space featuring a seating area and library. Adjacent is 45 Bar and Restaurant, a half-moon-style bar lined with leather stools and a greenhouse-style restaurant reminiscent of a sunroom from yesteryear, replete with plaid-upholstered seating. It’s in this space where chef Emmanuel Gomez Avila serves up contemporary Mexican fare with a touch of European flair. Up a marble staircase are the 19 rooms, each decked in works by Mexican artists and equipped with Carrara marble bathrooms, Italian-style hardwood floors, and Le Labo amenities. For the best view, guests can book one of the three suites, all offering expansive terraces overlooking the tranquil Eugenio Sue Street.

  • Editor’s tip: The property offers complimentary bikes for guests to explore the city.
  • Address: 45 Eugenio Sue Polanco IV Sección, Mexico City, CDMX, 11550

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Located in the Cuauhtémoc borough, only one block from Paseo de la Reforma Avenue, Volga is a sophisticated boutique property and a destination for the city’s cool kids. Within, the city’s contemporary art movement is on full display at a dedicated art exhibition space and a concept store curated by local tastemaker Sally Gallante. Designed by JSa Architecture, Volga features a brutalist exterior that leads to a contemporary minimalist interior made moody with large-scale lava, stone, brass, and travertine installation by the artist Perla Krauze. Beyond the ground floor courtyard are 50 guest rooms, including 14 suites adorned with Turkish marble and a soothing scent from the perfumery Aromaria. Restaurateur Edo Kobayashi curates Volga’s refined Mediterranean restaurant, Elora, while the rooftop pool bar is more casual and offers small bites and cocktails with sweeping panoramic views of Mexico City. With music as a core artistic focus, Volga hosts a calendar of live performances both on the rooftop and in its underground music room.

  • Editor’s tip: Guests should ask about the property’s tucked-away mezcaleria and tasting table.
  • Address: Río Volga 105 Cuauhtemoc, Mexico City, 06500

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