Recent Release: Mexican Travel Industry

ResearchMoz.us include new market research report " Mexican Source Market Insights: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Source Market Insights:Mexico provides an overview of the Mexican outbound market, analyzing market data and providing insights. This report provides a better understanding of the number of Mexican tourists going abroad, their spending habits, and the main destination markets

View report details with TOC at: http://www.researchmoz.us/source-market-insights--mexico-report.html

Key Findings:

Weak economic conditions and, consequently, lower gross household disposable income per capita led to a slowdown in outbound tourism in Mexico, registering annual growth of 2.1% and 1.8% in outbound trips, in 2013 and 2014 respectively

Outbound travel in Mexico is largely driven by leisure and VFR purpose trips, which accounted for 44.7% and 43% of the total outbound trips, respectively, in 2014. The strong presence of VFR can be attributed to increasing numbers of Mexicans present in the US; in correlation with a targeted campaign to promote Mexican travel to the US by ‘Brand USA’

Average spending per outbound trip for Mexicans is very low compared to other Latin American countries such as Brazil. Average spending per outbound trip for Mexicans stood at US$797 in 2014, which was only one-quarter of Brazil’s expenditure

The US is the key outbound destination for Mexicans, accounting for 90.2% of total outbound trips in 2014. A key factor for this is the use of the Border Crossing Card, as well as close geographical proximity

Spain is a preferred destination for higher education (after the US) for Mexican students. Higher aspirations coupled with safety concerns (rising crime rates) in Mexico encourage students to enroll in higher education programs abroad

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