Forecast: Internal Tourism Consumption of Country-Specific Tourism Characteristic Goods in Mexico

From 2013 to 2023, internal tourism consumption of country-specific tourism characteristic goods in Mexico experienced a notable upward trend, rising from 484.81 billion Mexican pesos to 840.12 billion Mexican pesos, reflecting a compound annual growth rate (CAGR) of 5.9%. Though a significant decline was noted in 2020 due to external factors, recovery was swift, with year-on-year growth returning to positive territory by 2021. The forecast indicates a continued growth trajectory, reaching 1006.9 billion Mexican pesos by 2028, sustaining a forecasted five-year CAGR of 2.87%, signaling steady expansion. In 2023, the value was 840.12 billion pesos, indicative of robust post-pandemic recovery.

Future trends to watch for include shifts in consumer behavior towards sustainable tourism, the impact of digital transformation on tourism services, and potential economic and geopolitical influences on travel patterns. Ensuring resilience and adaptability in these areas will be essential for sustaining growth.