The internal tourism consumption of passenger transport services in Mexico has shown significant variations over the years. From 2013 to 2019, there was a steady increase with an exception in 2014. This trend was abruptly interrupted in 2020 with a drastic decline of 45.69% due to the COVID-19 pandemic. The sector saw a strong recovery in 2021 and 2022, with year-on-year growth rates of 50.06% and 24.74% respectively. As of 2023, the consumption value stood at 972.02 billion Mexican Pesos, representing a year-on-year growth of 16.15% and a 5-year CAGR of 5.06%.
From 2024 to 2028, the forecast indicates a continued growth with a 5-year CAGR of 3.59%, and a total growth rate of 19.27%. By 2028, the value is expected to reach 1219.6 billion Mexican Pesos.
Future trends to watch for include advancements in transport technologies, evolving traveler preferences, and potential economic headwinds. The resurgence of international tourism and changes in environmental policies are also likely to impact the sector.
