The international tourist expenditures for passenger transport in Mexico saw significant fluctuations from 2013 to 2023. The expenditures peaked in 2014 before experiencing a decline, particularly during the COVID-19 pandemic in 2020, where a dramatic drop occurred. A recovery started in 2021 and continued robustly into 2023, reaching a value of 2.5879 billion US dollars.
Recent variations in 2022 and 2023 show a positive year-on-year trend of 32.78% and 17.84%, respectively. The average compound annual growth rate (CAGR) over the last five years stands at -1.87%, indicating overall slow recovery from the pandemic-induced low.
Forecasts from 2024 to 2028 predict a steady increase, with an average annual growth rate of 1.56% and an overall growth rate of 8.03% by 2028.
Future trends to watch for:
- Potential impacts of global economic conditions on tourism recovery.
- Evolution of travel patterns post-pandemic, including preferences for greener and safer transport options.
- Government policies and investments in tourism and transport infrastructure.