4:22 AM Travel in Mexico | ||||
#travel mexico # About this ReportEXECUTIVE SUMMARYMexico sees new record in inbound flows and incoming expenditureIn 2014, Mexico saw strong double-digit growth of inbound arrivals, showing a significant recovery of border tourists and cruises, as well as increasing incoming expenditure, much higher than the overall Latin American and global growth rates. The tourism industry accounts for 8.4% of Mexico’s GDP and represents an important source of jobs, with more than 3.1 million people employed, guaranteeing that it remains a priority for the government. Online intermediaries show strong growth ratesOnline intermediaries are gaining popularity among Mexican travellers who are adapting quite quickly to the global trend of using the internet and mobile devices to plan and pay for business or leisure trips. Online intermediaries are constantly developing new services and payment methods in order to attract more consumers and are very active in terms of marketing campaigns and publicity in both the social and mass media. The arrival of two new domestic airlines brings an opportunity to increase connectivity, mainly in short-haul flights between small to medium cities. New competitors are invigorating the industry, forcing all players to be more competitive in terms of service and ticket fares, to the benefit of travellers. Airline players are working hard in order to dominate the domestic market and be well prepared for the inauguration of the new Mexico City airport. Peer-to-peer platforms are growing fast in Mexico, mainly driven by the increase of internet users and mobile devices. Uber and Airbnb.com are gaining popularity among the Mexican population, who are willing to try new options to save time despite the limited services and amenities in the case of Airbnb. Mexicans are adapting to new technologies and alternative methods of travelling. Government efforts and tourism players’ investments in Mexico will encourage the industry to offer new options for domestic and international tourists. Over the forecast period, both inbound and domestic travel is expected to record moderate growth in value terms at constant 2014 prices. Besides leisure tourists, the business segment is expecting a stronger performance due to the expected investment in diverse industries such as energy and automobile production, among others. GET MORE FOR LESS!For orders of 3 or more reports, in addition to your multi-purchase discount, we will provide any strategy or global briefing absolutely free. Please contact a web site agent using the chat box or complete the form here to receive your free strategic briefing. Delivery: Files are delivered directly into your account within a few minutes of purchase. Discover the latest market trends and uncover sources of future market growth for the Travel industry in Mexico with research from Euromonitor's team of in-country analysts. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. If you're in the Travel industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions. When you purchase this report, you also get the data and the content from these category reports in Mexico for free: The Travel in Mexico market research report includes:
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This industry report originates from Passport, our Travel And Tourism market research database . Each report is delivered with the following components: Report: PDF and Word Market statistics: Excel workbook
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