The international arrivals in Mexico saw significant fluctuations from 2013 to 2023. In 2023, the arrivals stood at roughly 98.978 million, regaining momentum after a drastic drop in 2020 due to the pandemic. Year-on-year, the arrivals increased by 11.38% compared to 2022. The CAGR from 2019 to 2023 was a modest 0.51%, reflecting a gradual recovery.
Forecasting from 2024 to 2028 shows a consistent growth trend, with a five-year CAGR of 0.6%, and an overall growth rate of 3.03% by 2028. This suggests a steady but slow-paced growth in international arrivals, likely influenced by global economic conditions and Mexico's tourism strategies.
Future trends to watch for include:
- The impact of global travel sentiments post-pandemic
- Economic stability and its effects on international travel
- Strategic initiatives by Mexico to attract tourists
- Technological advancements in travel and tourism
