The internal tourism consumption of sports and recreation services in Mexico has seen various fluctuations over the past decade. In 2023, the value stood at 53.13 billion Mexican Pesos, reflecting a 14.4% increase from the previous year. Notably, the sharp decline in 2020 due to the pandemic impacted the overall trend, but recovery efforts have shown year-on-year increases of 58.51% in 2021 and 23.49% in 2022. The five-year CAGR leading up to 2023 is 1.99%, indicating a moderate recovery trajectory.
Looking ahead, forecasted values suggest a steady growth pattern with a five-year CAGR of 2.2%, culminating in a forecasted value of 61.01 billion Mexican Pesos by 2028. Key trends to watch for include:
- The impact of global economic conditions on disposable income and travel expenditures.
- Changes in consumer preferences towards sports and recreational activities post-pandemic.
- Government and private sector investments in tourism infrastructure and services.
- Potential disruptions or opportunities from technological advancements and digital tourism platforms.
