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Learn moreSep 2017
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The arrival of more international tourists and the presence of more domestic tourists benefited the performance of car rental in Mexico in 2017. Business tourists increase the demand for high-tier vehicles whilst domestic tourists prefer small to medium-size family cars. Mexico City and Cancún are some of the main cities with high rates of car rental, where people like to plan their own schedule of activities and enjoy traveling across the destination to have a better experience. The deficiencies of the local transportation along with the insecurity and complexity of some cities encourage tourists to prefer the services of car rental companies. Intermediaries and airlines also include car rental services as part of their product portfolio in order to attract more consumers by offering discounts or special prices.
Car rental will see positive performance over the forecast period driven by the expected constant growth of the overall tourism industry. Business travellers will demand more premium services whilst leisure travellers will continue demanding competitive fares and quality services. Car rental is expected to see moderate growth at a CAGR of 5% at constant 2017 prices over the forecast period.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Mexico with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.