Leisure employment in Mexico has shown significant variations over the past decade. From a peak in 2013 with 57.19 thousand employees, there was a gradual decline until 2019, where it dropped sharply to just 42.03 thousand employees in 2020 due to the COVID-19 pandemic. After a substantial rebound in 2021 with a 14.54% increase, there has been a steady, though less dramatic, recovery in employment, with the value standing at 52.84 thousand employees in 2023. The compounded annual growth rate (CAGR) over the last five years has been -1.23%, indicating a mild long-term decline.
Looking ahead to 2028, the forecast suggests a continued decrease in leisure employment, with the CAGR projected at -1.13% and an overall decline expected due to various economic and structural factors. This forecast highlights a need for strategies to revitalize employment in the sector.
Future trends to watch for include the impact of technological advancements on leisure services, policy changes stimulating local tourism, and potential economic shifts that could either further exacerbate or mitigate the declining trend. Monitoring these factors will be crucial for making informed decisions and interventions.
