The internal tourism expenditure on sports and recreation services in Mexico saw fluctuations over the past decade. From 2013 through 2019, there was a general upward trend with year-on-year growth mainly positive. However, the significant impact of the COVID-19 pandemic in 2020 resulted in a steep decline of 49.15%. Post-pandemic recovery efforts led to a rebound in 2021 with a 58.51% increase, followed by strong growth through 2022 and 2023, with the latter year standing at 53.13 billion Mexican Pesos. The 5-year CAGR leading into 2023 was positive at 1.99%.
Future forecasts suggest moderate yet steady growth. From 2024 to 2028, expenditures are projected to continue rising, yielding a 5-year forecast CAGR of 2.2% and a total growth rate of 11.47%. Key trends to monitor include the continued recovery trajectory from the pandemic, potential economic fluctuations, and evolving consumer behavior in domestic tourism and sports activities.
