From 2013 to 2019, internal tourism expenditure on passenger transport services in Mexico showed a consistent upward trend with minor fluctuations, peaking at 823.13 billion Mexican Pesos in 2019. However, 2020 saw a significant decline of 45.69% due to the COVID-19 pandemic, dropping to 447.06 billion Pesos. Recovery began in 2021 with a 50.06% increase, continuing the uptrend through 2022 with a 24.74% increase, culminating at 836.84 billion Pesos. In 2023, the value further increased by 16.15%, standing at 972.02 billion Pesos.
Forecasts from 2024 to 2028 indicate continued growth with a year-on-year rise, reaching an estimated 1219.6 billion Pesos by 2028. The CAGR for the period 2024-2028 is projected at 3.59%, translating to a growth rate of 19.27% over five years.
Future trends to watch for include the impact of digitalization on travel booking, the influence of sustainable tourism on travel preferences, and potential economic fluctuations that could affect disposable incomes and travel expenditure. The ongoing recovery from the pandemic and the adaptation to new travel norms will significantly shape the trend.
