Between 2013 and 2023, internal tourism consumption of accommodation services in Mexico showed consistent growth, culminating at 870.44 billion MXN in 2023, despite a notable dip in 2020 due to the pandemic. The following years demonstrated a recovery trend with significant year-on-year growth rates, specifically 16.87% in 2021 and 11.45% in 2022. The average annual growth rate (CAGR) over the last five years was 3.37%, indicating a resilient and steady comeback.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly accommodations
- Growth in domestic travel spurred by improved infrastructure
- Increased investment in the tourism sector to cater to rising visitor numbers
- Potential impacts of global economic conditions on travel behavior