Forecast: Domestic Tourism Expenditure on Country-Specific Tourism Characteristic Goods in Mexico

The domestic tourism expenditure on country-specific tourism characteristic goods in Mexico experienced fluctuations between 2013 and 2023, standing at 729.59 billion Mexican Pesos in 2023. The year-on-year variation revealed an 8.56% increase over the last year, with the overall 5-year CAGR demonstrating a marginal growth of 2.97% annually. Despite setbacks in 2020 due to the pandemic, expenditure showed resilience with significant recovery noted in subsequent years.

Future trends to watch for:

  • Continued recovery and growth in domestic tourism expenditure as a result of stabilization post-pandemic.
  • Potential impacts of economic policies and inflation rates on tourism spending capacity.
  • Emerging trends in sustainable and experiential travel driving expenditure shifts.

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