Mexico Tourism Articles & Analysis

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Chapter | Tourism from The Report: Mexico 2017

Receiving more than 35m international visitors in 2016 – 2.8m more than in 2015 – Mexico continues to move up the world tourism league table. The country’s ranking in terms of arrivals in global tourism destinations improved from 10th to ninth position in 2016, according to the UN World Tourism Organisation. A weak peso has boosted margins for operators and attracted more visitors while at the...

At a time when a number of major Latin American economies, including Brazil and Venezuela, are heading toward recession, Mexico’s economy stands out in the region for its resilience. Projections for 2017 are couched in more uncertainty than is usual, however, in light of the lack of clarity over and the potential impact of policy changes in the US during the first year in office for US President Donald Trump. 

While Mexico’s tourism industry posted significant growth last year, the sector must refocus its efforts on improving awareness of and access to peripheral tourist markets to fuel further expansion. According to the UN World Tourism Organisation, the sector recorded 32.1m international tourist arrivals last year, while the World Travel & Tourism Council (WTTC) reported that tourism directly accounted for 7% of the country’s GDP, with this increasing to 15.1% upon taking indirect contributions into account.

 

Two straight years of record growth in Mexico’s tourism sector have solidified its importance as a motor for economic growth. According to the Ministry of Tourism (Secretaría de Turismo, SECTUR), tourism contributes over 8.7% to Mexico’s GDP and employs 3.6m people directly, 57% of them women. It is also the fourth most important source of...

 

What is the size of the local travel agency industry?

 

With Mexico regaining its spot among the world’s top 10 tourist destinations in 2014, it is no surprise that the meetings, incentives, conferences and exhibitions (MICE) segment is becoming increasingly dynamic. Recognising the segment’s importance, particularly for states that have traditionally been primarily sun and sand destinations, state...