Forecast: Internal Tourism Consumption of Food and Beverage Serving Services in Mexico

The internal tourism consumption of food and beverage serving services in Mexico showed a consistent upward trend from 2013 to 2019, growing steadily with a highest year-on-year increase of 8.87% in 2015. The impact of the COVID-19 pandemic in 2020 resulted in a sharp decline of 24.53%. However, recovery began in 2021 with a significant bounce-back and continued to grow thereafter. As of 2023, the consumption value stood at 705.27 billion Mexican pesos. Over the past five years, the compound annual growth rate (CAGR) averaged 4.08%. Forecast data indicate continued growth, albeit at a slower CAGR of 2.79% through 2028.

Key future trends to watch for include:

• The continued impact of post-pandemic economic recovery on tourism spending.
• Technological advancements in food and beverage services that could drive further growth.
• Potential changes in domestic tourism patterns influenced by economic conditions and consumer preferences.