Future of Travel and Tourism in Mexico to 2016 Report Now Available

Following the US, Canada and Barbados, the Travel and Tourism Competitive Index (TTCI) ranked Mexico as the fourth-most attractive destination within the Americas region to develop travel and tourism business. Mexico’s travel and tourism sector comprised 12.5% of the nation’s GDP in 2011, and accounted for four million jobs, representing 11.1% of the country’s total employment. Of the total jobs created through the sector, 2.5 million were industry specific, while 1.5 million were supply chain related. During the review period (2007–2011), the total number of trips, both domestic and outbound, undertaken by residents increased from 160.4 million in 2007 to 188.3 million in 2011, registering a CAGR of 4.09%. While domestic trips increased at a CAGR of 4.77% during the review period, outbound tourism declined at a CAGR of 2.55% due to economic recession, lower levels of disposable income and the devaluation of the peso.

The report provides market analysis, information and insights, including:

- Historic and forecast tourist volumes covering the entire Mexican travel and tourism industry
- Detailed analysis of tourist spending patterns in Mexico
- The total, direct and indirect tourism output generated by each sector within the Mexican travel and tourism industry
- Employment and salary trends for various sectors in the Mexican travel and tourism industry, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
- Detailed market classification across each sector, with analysis using similar metrics 
- Detailed analysis of airline, hotel, car rental and travel intermediaries industries

Scope

This report provides an extensive analysis related to tourism demands and flows in Mexico: 

- It details historical values for the Mexican tourism industry for 2007–2011, along with forecast figures for 2012–2016 
- It provides comprehensive analysis of travel and tourism demand factors with values for both the 2007–2011 review period and the 2012–2016 forecast period
- The report makes a detailed analysis and projection of domestic, inbound and outbound tourist flows in Mexico
- It provides employment and salary trends for various categories of the travel and tourism industry 
- It provides comprehensive analysis of the airline, hotel, car rental and travel intermediaries industry with values for both the 2007–2011 review period and the 2012–2016 forecast period

Reasons To Buy

- Take strategic business decisions using historic and forecast market data related to the Mexican travel and tourism industry
- Understand the demand-side dynamics within the Mexican travel and tourism industry, along with key market trends and growth opportunities
- Identify the spending patterns of domestic, inbound and outbound tourists by individual categories
- Analyze key employment and compensation data related to the travel and tourism industry in Mexico

Key Highlights

- Mexico receives the tenth-highest volume of foreign tourists in the world.
- Mexico has a number of popular tourist attractions, such as the ancient Meso-American ruins, which is the most-visited tourist destination by inbound tourists in Latin America, and the second-most visited destination in the Americas.
- The Mexican government has recognized the importance of travel and tourism to the country’s economic growth and, as a result, has increased its efforts to attract visitors. For example, the government signed the National Tourism Accord in 2011, with the aim of turning Mexico into one of the five-leading tourist destinations in the world by 2018. 
- Mexico also launched the Mayan tourism campaign ‘Mundo Maya 2012’ (Mayan World 2012) to promote the legacy of Mayan culture in the country.
- Government investment in tourism reached MXN4 billion (US$300 million) in 2010, a 200% increase over figures from 2006. Investments were even greater in 2011, with MXN6.8 billion (US$530.2 million) invested in promotional activities alone. 
- The total revenue generated by airlines reached MXN99.9 billion (US$8.1 billion) in 2011. Full service carriers accounted for the highest proportion of the total revenue generated by airlines with a share of 78%, followed by low cost carriers with a 19.8% share and charter carriers with a 2.2% share. 
- The Mexican hotel market extends from the North East to the Central part of the country, with approximately 45% of Mexico’s hotels, concentrated in Mexico City, Guadalajara, Monterrey and beach areas such as Acapulco, Cancun and the Gulf Coast. This concentration is even greater among budget and mid-scale hotels. 
- Mexican car rentals through online sites increased significantly in 2010 and 2011, with approximately 95% of these rentals generated by travel agents and tour operators that offer car rental services through their websites.
- The revenues of Mexican travel intermediaries companies are expected to record a CAGR of 3.70% from 2011 to 2016, to reach a projected value of MXN26.3 billion (US$2.1 billion) in 2016. This growth is expected to be driven by an increase in domestic, outbound and inbound tourism due to Mexico’s overall economic growth, the increasing penetration of the country’s low-cost airlines, and a greater demand for package tours than free or independent travel. 

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