The inbound tourism expenditure on road passenger transport services in Mexico has shown significant fluctuations from 2013 to 2023. After a steady increase from 2013, peaking in 2019, there was a sharp decline in 2020 due to the COVID-19 pandemic. Recovery followed with a notable 58.28% increase in 2021 and continued growth through 2023, reaching 48.19 billion pesos. The compound annual growth rate (CAGR) over the last five years stands at 4.89%, indicating a robust recovery and positive trend.
Trends to watch for in the future:
• Continued recovery and growth are forecasted, with expenditures expected to reach 60.34 billion pesos by 2028.
• The forecasted five-year CAGR from 2024 to 2028 is 3.56%, suggesting steady, moderate growth.
• Focus on sustainable and eco-friendly transport options may rise, influencing spending patterns.
