Travel and Tourism in Mexico to 2019: Market Research Report

ResearchMoz.us include new market research report " Travel and Tourism Industry in Mexico to 2019: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The number of inbound tourist arrivals to Mexico is expected to reach 28.8 million by 2019, representative of a CAGR of2.96% during the forecast period. The growth is driven by the influx of tourists from the country’s North American neighbors. A large Mexican population resides in the US; according to the US 2010 Census, 33.7 million people of Mexican origin resided in the US. Mexico stands to gain from the US-based diaspora, as it will develop tourism packages targeted at the migrant population. Growth will also be driven by the tourism promotion efforts of the MTB in the US, and improvements in relations with Cuba following the Mexican president’s visit to Havana in 2012.Total inbound tourist expenditure will record a CAGR of 7.33% during the forecast period.

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Mexico’s hotel market profited from the increased number of domestic and international visitors during the historic period. Total hotel revenue increased at a CAGR of 12.51% from MXN166.5 billion (US$13.2 billion) in 2010 to MXN266.9 billion (US$20.8 billion) in 2014, with upscale hotels recording the highest revenue growth at a robust CAGR of 12.83%. Luxury hotels registered the highest guest growth with a CAGR of 6.48%. The number of hotels in the country increased from 9,925 in 2010 to 10,596 in 2014, with luxury hotels recording a CAGR of 2.96%.

The concept of car sharing is at an early stage of growth in Mexico, as reflected in the number of memberships and the fleet sizes of car-sharing operators. As of January 2013, the car-sharing fleet size in Mexico was 40, significantly lower than the 3,432 in Canada and 12,131 in the US. Similarly, the total number of members enrolled in...