Forecast: Internal Tourism Consumption of Accommodation Services for Visitors in Mexico

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