Travel & Tourism in Mexico
Summary
Travel & Tourism in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Mexican travel & tourism industry recorded revenues of $70.1 billion in 2023, representing a compound annual growth rate (CAGR) of 8.3% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $46.0 billion, equivalent to 65.6% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Mexico reached $20.2 billion in 2023, reflecting a 7.0% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Mexico
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico travel & tourism market with five year forecasts
- What was the size of the Mexico travel & tourism market by value in 2023?
- What will be the size of the Mexico travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Mexico travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Mexico's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Grupo Posadas SAB de CV
- 8.2. Grupo Aeromexico SAB de CV
- 8.3. Alsea SAB de CV
- 8.4. Despegar.com Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Mexico travel & tourism industry value: $ million, 2018-23
- Table 2: Mexico travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Mexico travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Mexico travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Mexico travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Grupo Posadas SAB de CV: Key Facts
- Table 7: Grupo Posadas SAB de CV: Annual Financial Ratios
- Table 8: Grupo Posadas SAB de CV: Key Employees
- Table 9: Grupo Aeromexico SAB de CV: Key Facts
- Table 10: Grupo Aeromexico SAB de CV: Key Employees
- Table 11: Alsea SAB de CV: Key Facts
- Table 12: Alsea SAB de CV: Annual Financial Ratios
- Table 13: Alsea SAB de CV: Key Employees
- Table 14: Despegar.com Corp: Key Facts
- Table 15: Despegar.com Corp: Annual Financial Ratios
- Table 16: Despegar.com Corp: Key Employees
- Table 17: Mexico Size of Population (million), 2019-23
- Table 18: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Mexico GDP (Current Prices, $ Billion), 2019-23
- Table 20: Mexico Inflation, 2019-23
- Table 21: Mexico Consumer Price Index (Absolute), 2019-23
- Table 22: Mexico Exchange Rate, 2018-23
- List of Figures
- Figure 1: Mexico travel & tourism industry value: $ million, 2018-23
- Figure 2: Mexico travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Mexico travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Mexico travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Mexico, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Mexico, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Mexico, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Mexico, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Mexico, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Mexico, 2023
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