The internal tourism consumption of road passenger transport services in Mexico has exhibited significant fluctuations from 2013 to 2023. Starting at 417.55 billion pesos in 2013, it peaked at 516.04 billion pesos in 2019 before a dramatic fall to 308.18 billion pesos in 2020, likely due to the COVID-19 pandemic. Recovery began in 2021, with an increase to 423.54 billion pesos, reaching 566.13 billion pesos by 2023. Year-on-year variation over the last two years showed a noticeable rise, with 19.03% in 2022 and 12.29% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2.55%.
Looking ahead, forecast data suggests a steady growth in this sector, with a forecasted value of 652.51 billion pesos by 2028. The five-year CAGR is expected to be 2.25%, representing a 11.78% growth rate. Future trends to watch include the impact of economic conditions, fuel prices, technological advancements in transport, and shifts in consumer preferences and tourism patterns.
