In 2024, Mexico welcomed more than ** million international tourists, increasing its tourism volume by *** percent versus a year earlier, fully recovering from the coronavirus (COVID-19) pandemic. Business tourism in Mexico While the amount of total international travelers in Mexico was growing over the years prior to the 2020 COVID-19 outbreak, the country’s same-day international guests were lessening, from over ** million in 2016 to roughly ** million excursionists in 2019. In the inbound business travel segment, tourism expenditures apart from transportation expenses have also decreased in recent years, contrary to the annual total spending from travelers motivated by personal reasons. During 2019, business travel in Mexico City was reported to cost international guests nearly *** U.S. dollars a day, with hotels accounting for over two thirds of that expense. International air travel into Mexico In 2019, around **** international visitors passed through Mexico City International Airport, the leading Mexican airport for inbound travel. During this time, the North American country’s flag carrier Aeroméxico handled the largest share of its international air passenger traffic, with nearly ** percent of the market. That same year, Grupo Aeroméxico generated a revenue of nearly **** billion Mexican pesos, which was a decrease from the almost **** billion Mexican pesos produced a year prior.

Mexico MX: International Tourism: Number of Arrivals data was reported at 39,291,000.000 Person in 2017. This records an increase from the previous number of 35,079,000.000 Person for 2016. Mexico MX: International Tourism: Number of Arrivals data is updated yearly, averaging 21,606,000.000 Person from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 39,291,000.000 Person in 2017 and a record low of 18,665,000.000 Person in 2003. Mexico MX: International Tourism: Number of Arrivals data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Tourism Statistics. International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

Between January and July 2024, Mexico City’s hotels hosted over *********** foreign visitors, accounting for a little over **** the number recorded in the previous year. In 2023, the number of international hotel guests in the Mexican capital surpassed ************ for the first time in history. Beach hotels shine in Quintana Roo In 2022, Mexico received over ********** international tourists, marking a ** percent increase compared to the previous year. Notably, when travelers select their destinations, statistics indicate a strong preference for beachfront hotels, resulting in consistently higher room occupancy rates than those found in city hotels. For instance, in 2022, coastal hotels recorded an occupancy rate of roughly ** percent, ** percentage points higher than the average for city hotels. Moreover, the state of Quintana Roo boasted the nation's *** leading tourist destinations with the highest hotel occupancy rates. Cancún led the way with an occupancy rate of nearly ** percent, closely followed by the Riviera Maya, which also recorded a similar high occupancy rate. Key players in Mexico's hotel industry In 2022, Grupo Vidanta was the leading company in Mexico's hotel industry with ** billion Mexican pesos in revenue, while Grupo Posadas secured the fourth position with roughly **** billion Mexican pesos. Grupo Posadas managed *** hotels and ****** rooms by year-end, its largest portfolio since 2017, with brands including Fiesta Inn Hoteles, Business Class, One Hotels, and Fiesta Americana Hotels & Resorts. Notably, ** percent of its hotel rooms operated under the Fiesta Inn Hoteles Business Class brand, and Live Aqua had ***** rooms. Grupo Posadas rebounded to pre-pandemic revenue levels, surpassing **** billion Mexican pesos in 2022, reaffirming its prominence in the Latin American hotel industry.

Key information about Mexico Tourism Revenue

• Mexico's Tourism Revenue reached 3 USD bn in Jan 2025, compared with 4 USD bn in the previous month
• Mexico's Tourism Revenue data is updated monthly, available from Jan 1980 to Jan 2025
• The data reached an all-time high of 3,702 USD mn in Dec 2024 and a record low of 130 USD mn in Apr 2020

The Bank of Mexico provides monthly Tourism Revenue in USD.

Tourist Arrivals in Mexico decreased to 1849.54 Thousand in August from 2428.82 Thousand in July of 2025. This dataset provides - Mexico Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Mexico decreased to 2252585.26 USD Thousand in August from 3000714.24 USD Thousand in July of 2025. This dataset provides - Mexico Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The share of the tourism sector in the Mexican gross domestic product decreased to *** percent in 2023, reversing the two-year increase recorded previously. In total, this sector contributed roughly *** trillion Mexican pesos to the country's GDP in that year.

Market Overview Deferring Annuity Market is expected to reach over USD 153.1 Billion by 2035, and also witness a growth of 13.2% CAGR during the forecast period 2023-2035.

Metric	Value
Market Size in 2025	USD 44.3 Billion
Projected Market Size in 2035	USD 153.1 Billion
CAGR (2025 to 2035)	13.2%

Region-wise Outlook

Region	CAGR (2025 to 2035)
North-eastern Mexico	13.5%

Region	CAGR (2025 to 2035)
Northern Mexico	13.7%

Region	CAGR (2025 to 2035)
Eastern Mexico	13.3%

Region	CAGR (2025 to 2035)
Southern Mexico	13.6%

Region	CAGR (2025 to 2035)
Central Mexico	13.4%

Market Share Analysis by Key Players & Sustainable Travel Facilitators

Company/Organization Name	Estimated Market Share (%)
Mexico Tourism Board (SECTUR) - Sustainable Tourism Initiatives	20-25%
Grupo Xcaret (Eco-Parks & Sustainable Resorts)	12-16%
Baja California Sustainable Tourism (Eco-Adventures & Marine Conservation)	10-14%
Selva Maya Eco Adventure (Yucatán Eco-Tourism Experiences)	8-12%
Casa de Sierra Nevada by Belmond (Luxury Sustainable Hotels)	5-9%
Other Eco-Tourism Operators & Sustainable Travel Brands (combined)	30-40%

Since the second quarter of 2021, the quarterly number of employees in the Mexican tourism sector has shown a steady growth, until reaching nearly *** million workers in the last quarter of 2024.

Mexico MX: International Tourism: Expenditures data was reported at 13.648 USD bn in 2017. This records an increase from the previous number of 12.823 USD bn for 2016. Mexico MX: International Tourism: Expenditures data is updated yearly, averaging 8.951 USD bn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 13.648 USD bn in 2017 and a record low of 3.587 USD bn in 1995. Mexico MX: International Tourism: Expenditures data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Tourism Statistics. International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

Mexico MX: International Tourism: Expenditures: % of Total Imports data was reported at 2.978 % in 2017. This records a decrease from the previous number of 3.049 % for 2016. Mexico MX: International Tourism: Expenditures: % of Total Imports data is updated yearly, averaging 3.319 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 6.407 % in 1995 and a record low of 2.536 % in 2011. Mexico MX: International Tourism: Expenditures: % of Total Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Tourism Statistics. International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Their share in imports is calculated as a ratio to imports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, and IMF and World Bank imports estimates.; Weighted average;

Due to the COVID-19 pandemic, the tourism revenue in Mexico had decreased by more than ** percent as of September 2020, based on a year-over-year comparison. Meanwhile, the country’s international tourism volume plummeted by nearly ** percent. Consequently, the tourism contribution to the Mexican GDP dropped by more than ** percent in the second quarter of that year. In the 2010s, this sector accounted for over eight percent of the North American country's GDP .

Mexico’s tourism GDP

In the years prior to the COVID-19 pandemic, the tourism sector contributed more than *** trillion Mexican pesos to Mexico’s GDP. Based on exchange rates of December 31, 2019, this amount equaled around ** billion U.S. dollars. Out of the several economic activities related to this sector, accommodation and foodservice stand out as its most important segments, with both accounting for over ** percent of the Mexican tourism GDP. In 2019, there were approximately ** thousand foodservice establishments and ** thousand hotels operating in the Latin American country.

International tourism in Mexico

Mexico is by far the leading tourism destination in Latin America. Its combination of beautiful beaches, authentic cuisine, and indigenous history attracts millions of tourists every year. In 2019, this country welcomed *** times more international visitors than Argentina, which was the second most popular Latin American tourism destination among foreign travelers that year. Mexico is also the country with the highest international tourism receipts in the region.

Mexico MX: International Tourism: Number of Departures data was reported at 19,067,000.000 Person in 2017. This records a decrease from the previous number of 20,223,000.000 Person for 2016. Mexico MX: International Tourism: Number of Departures data is updated yearly, averaging 14,002,000.000 Person from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 20,223,000.000 Person in 2016 and a record low of 8,450,000.000 Person in 1995. Mexico MX: International Tourism: Number of Departures data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Tourism Statistics. International outbound tourists are the number of departures that people make from their country of usual residence to any other country for any purpose other than a remunerated activity in the country visited. The data on outbound tourists refer to the number of departures, not to the number of people traveling. Thus a person who makes several trips from a country during a given period is counted each time as a new departure.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

Mexico MX: International Tourism: Receipts: for Travel Items data was reported at 21.336 USD bn in 2017. This records an increase from the previous number of 19.650 USD bn for 2016. Mexico MX: International Tourism: Receipts: for Travel Items data is updated yearly, averaging 11.803 USD bn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 21.336 USD bn in 2017 and a record low of 6.179 USD bn in 1995. Mexico MX: International Tourism: Receipts: for Travel Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Tourism Statistics. International tourism receipts for travel items are expenditures by international inbound visitors in the reporting economy. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These receipts should include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

The expenditure of international tourists in Mexico in 2024 surpassed ** billion U.S. dollars. That same year, more than ** million international visitors entered the North American country. Volume of international tourism in Mexico As one of the trending travel destinations worldwide, Mexico has welcomed millions of international tourists every year. During the second half of the past decade, the country saw a boost in the number of foreign visitors in its territory, going up from approximately ** million in 2016 to ** million in 2019. However, this number shrank significantly due to global restrictions on travel and mobility imposed due to the coronavirus pandemic. In 2020, Mexico received just ** percent of the number of inbound travelers recorded in the previous year. Mexico’s competitiveness in the tourism sector In 2019, Mexico was the most competitive country for travel and tourism in Latin America and among the top twenty countries worldwide. That same year, the natural resources of the country outperformed the other twelve pillars evaluated for Mexico's Travel and Tourism Competitiveness Index, achieving * out the * possible points in the score system. The price competitiveness, the prioritization of tourism, and the aspects related to health and hygiene were altogether highly rated pillars for the North American country.

International tourism, expenditures for travel items (current US$) in Mexico was reported at 3475000000 USD in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - International tourism, expenditures for travel items - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Key information about Mexico Tourism Revenue Growth

• Mexico Tourism Revenue grew 6.5 % YoY in Jan 2025, compared with an increase of 9.0 % YoY in the previous month
• Mexico Tourism Revenue Growth rate data is updated monthly, available from Jan 1981 to Jan 2025
• The data reached an all-time high of 934.0 % in May 2021 and a record low of -93.8 % in Apr 2020

CEIC calculates Tourism Revenue Growth from monthly Tourism Revenue. The Bank of Mexico provides Tourism Revenue in USD.

Mexico MX: International Tourism: Receipts data was reported at 22.467 USD bn in 2017. This records an increase from the previous number of 20.619 USD bn for 2016. Mexico MX: International Tourism: Receipts data is updated yearly, averaging 12.542 USD bn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 22.467 USD bn in 2017 and a record low of 6.847 USD bn in 1995. Mexico MX: International Tourism: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Tourism Statistics. International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

International tourism, number of departures in Mexico was reported at 36056000 in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - International tourism, number of departures - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The Latin America Travel and Tourism Market Report is Segmented by Type (International Tourism and Domestic/Local Tourism), Purpose (Adventure Tourism, Business Travel, Conference or Seminar Travel, and Family and Friends Visit), and Country (Brazil, Mexico, Colombia, Chile, Argentina, and Rest of Latin America). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.