The domestic tourism expenditure on sports and recreation services in Mexico has shown a significant decline over the past decade, starting from 21.92 billion Mexican Pesos in 2013 to 5.55 billion in 2023. This represents an average annual decrease of 16.37%, as seen from the historical data and year-on-year trends. The period from 2013 to 2019 had several sharp downturns, particularly in 2016 and 2019. The expenditure saw a slight recovery in 2020 but continued to decrease steadily thereafter. Year-on-year changes reveal significant drops in 2019, 2021, and 2022, highlighting ongoing challenges in the sector.
Future forecasts from 2024 to 2028 indicate a continued downward trajectory, with the expenditure expected to fall to 2.08 billion Mexican Pesos by 2028. The forecasted compound annual growth rate (CAGR) over the next five years is -15.53%, which suggests further decline in domestic tourism spending on sports and recreation services by 57% by 2028.
Future trends to watch for include the impact of economic factors, the recovery speed of the tourism sector post-pandemic, and potential changes in domestic tourism preferences that could affect spending on sports and recreation services. Keeping an eye on initiatives to enhance domestic tourism infrastructure and promotional activities could offer insights into possible reversals or accelerations of these declines.
