Forecast: International Tourist Expenditures for Passenger Transport Items in Mexico

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.

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