In 2023, the share of travel services in commercial service imports in Mexico stood at 10.1%. Forecasts indicate a consistent year-on-year decline: 5.8% in 2025, 6.1% in 2026, 6.3% in 2027, and 6.6% in 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is -6.5%, signifying an average annual decrease.
Future trends to watch for:
• Potential impacts of economic recovery on travel service imports.
• Changes in consumer behavior and travel preferences post-pandemic.
• Technological advancements and their effect on the travel industry.
• Possible policy changes affecting travel and tourism sectors.
