Forecast: Travel Agency and Tour Operator Output in Mexico

The Travel Agency and Tour Operator output in Mexico peaked steadily from 2013 to 2019, culminating at 45.59 billion pesos. The sector faced a sharp decline in 2020, plummeting to 19.97 billion pesos, reflecting a year-on-year drop of 56.2%. Recovery began in 2021 with a 14.69% increase, continuing into 2022 and 2023 with growth rates of 19.41% and 3.72%, respectively. The output was 28.36 billion pesos in 2023. Forecasts predict gradual growth, reaching 33.38 billion pesos by 2028, with a 5-year CAGR of 2.58%.

Future trends to watch for:

Increasing international travel interest post-pandemic.

Technological innovations in tour operations enhancing customer experiences.

Sustainability and eco-friendly travel influencing market dynamics.