In 2023, international spending for tourism in Mexico was valued at 15.2 billion US dollars. The forecasted data for the subsequent years from 2024 to 2028 show a steady increase, with values of 15.49, 15.77, 16.05, 16.31, and 16.58 billion US dollars respectively.
The year-on-year variations in percentage are as follows:
- From 2024 to 2025: 1.8%
- From 2025 to 2026: 1.8%
- From 2026 to 2027: 1.6%
- From 2027 to 2028: 1.7%
The compound annual growth rate (CAGR) over this 5-year period is 1.7%.
Future trends to watch for include potential impacts of global economic conditions on tourism, changes in travel restrictions, and Mexico’s efforts in enhancing its tourism infrastructure and marketing strategies to attract more international tourists.
