Internal tourism expenditure on road passenger transport services in Mexico experienced varied annual growth. In 2023, it stood at 563.3 billion Mexican Pesos, up from 501.57 billion in 2022, showing a 12.31% year-on-year increase. Following a dramatic decline in 2020 due to the pandemic, recovery began in 2021 with a 36.7% increase. The 5-year CAGR from 2019 to 2023 was 2.45%. Forecasts suggest continued growth, with a 5-year CAGR of 2.26% from 2024 to 2028, reaching 649.6 billion by 2028.
Future trends to watch for include:
- Technological advancements in road transport.
- Increasing domestic tourism.
- Potential economic fluctuations impacting expenditure.
- Tourism policies and sustainability measures.
