The internal tourism consumption of air passenger transport services in Mexico experienced significant fluctuations from 2013 to 2023, with both growth and downturn periods. After a steady increase from 2013 to 2019, reaching 297.12 billion pesos, the sector faced a dramatic decline in 2020 due to the pandemic, plummeting by 56.24%. However, recovery ensued with strong growth in 2021 and 2022, culminating in a 22.98% rise by 2023, reaching 398.1 billion pesos. The five-year CAGR as of 2023 stands at 9.68%, illustrating consistent recovery and expansion.
Future trends to watch:
- Continued growth is projected with a forecasted CAGR of 5.37% from 2024 to 2028.
- Potential impact of emerging technologies and sustainability practices on the air transport sector.
- Influence of economic conditions and policy changes on domestic tourism and air travel demand.