Internal tourism expenditure on air passenger transport services in Mexico stood at 398.10 billion Mexican Pesos in 2023. The current value showcases a strong recovery from the pandemic-induced dip of 130.02 billion pesos in 2020, reflecting a robust year-on-year growth of 22.98% in 2023. Looking over the past five years, the compound annual growth rate (CAGR) has been 9.68%, indicating consistent growth.
Post-2024, the forecast depicts continued growth with a projected CAGR of 5.37% over the next five years, leading to an estimated expenditure of 559.95 billion Pesos by 2028. This would culminate in a 29.88% overall growth rate from 2023 to 2028, suggesting a steady upward trend.
Future trends to watch for include shifts in consumer behavior driven by economic conditions and potential technological advancements in air transportation. Additionally, policy changes and environmental considerations may impact tourism spending patterns and airline operations in Mexico.
