The internal tourism consumption of tourism characteristic products in Mexico has shown a consistent upward trend from 2013 to 2019, peaking at a value of 3.0651 trillion pesos in 2019. Due to the global pandemic, there was a significant decline in 2020, down to 2.1793 trillion pesos, highlighting a 28.9% decrease year-on-year. However, there was quick recovery in the subsequent years, with values rising to 3.1943 trillion pesos in 2022 and 3.5503 trillion pesos in 2023, showing strong resilience and adaptability in the tourism sector. Over the last two years, from 2021 to 2023, the year-on-year growth rates have been 26.74% and 11.15%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years stands at 4.02%, indicating steady long-term growth.
Future trends to watch for include:
• Continuous recovery and growth in tourism post-pandemic due to increased domestic travel and investment in tourism infrastructure.
• Potential impacts of economic fluctuations and external factors such as global economic conditions and geopolitical events on internal tourism consumption.
• Advancement in technology and increased digitalization in the tourism industry, shaping consumer behavior and preferences.
• Structural changes driven by sustainable and eco-friendly tourism practices.
