Forecast: Tourism Employment in Mexico

Tourism employment in Mexico stood at 2.3589 million employees in 2023. Looking at the historical data, this sector has shown a mix of stable growth and sudden declines. Between 2013 and 2019, the industry experienced steady increases, peaking just before the pandemic. In 2020, tourism employment saw a significant drop of 12.25% due to the global impact of COVID-19. However, it rebounded partially in subsequent years, showing an 8.4% increase in 2021 and a 4.88% rise in 2022. The year-on-year growth in 2023 was 3.45%, indicating a post-pandemic recovery.

From 2024 onwards, the forecasts suggest continued steady growth, with a forecasted 5-year CAGR of 0.68% and a 5-year growth rate of 3.46%. Future trends to watch for include how well the tourism sector adapts to ongoing global economic uncertainties, evolving travel preferences, and potential impacts from environmental policies targeting sustainable tourism.