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Overview:
Understand the latest market trends and future growth opportunities for the Travel industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Tourism Flows
- Airlines
- Car Rental (Destination)
- Lodging
- Online Travel Sales and Intermediaries
If you're in the Travel industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Travel in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Travel in Mexico?
- Which are the leading companies in Travel in Mexico?
- How are companies responding to the impact of COVID-19 and accordant travel restrictions?
- How severe is the scale of the damage?
- Which travel sectors are proving the most resilient?
- How soon can recovery be expected?
- What are companies doing to innovate and future-proof against the crisis?
Travel in Mexico
EXECUTIVE SUMMARY
Travel in 2021
COVID-19 impact on travel
Company response to COVID-19 in 2021: Airlines and hotels
Impact of COVID-19 on online bookings and travel intermediaries in 2021
What next for travel?
Chart 1 Inbound Receipts: 2021-2026
Chart 2 Average Spend per Trip for Inbound Arrivals: 2021-2026
MARKET DATA
Table 1 Other Transport Sales: Value 2016-2021
Table 2 Other Transport Online Sales: Value 2016-2021
Table 3 Forecast Other Transport Sales: Value 2021-2026
Table 4 Forecast Other Transport Online Sales: Value 2021-2026
Table 5 Activities and Experiences: Value 2016-2021
Table 6 Forecast Activities and Experiences: Value 2021-2026
GLOBAL INDUSTRY ENVIRONMENT
DISCLAIMER
SOURCES
Summary 1 Research Sources
Tourism Flows in Mexico
KEY DATA FINDINGS
2021 IMPACT
Consumers perceive beach and rural travel locations as safer than cities
Less positive recovery than hoped due to additional waves of COVID-19
RECOVERY AND OPPORTUNITIES
Growth will depend on vaccine progression and local plans for recovery
Slower recovery for inbound business travel than leisure travel
CATEGORY DATA
Table 7 Inbound Arrivals: Number of Trips 2016-2021
Table 8 Inbound Arrivals by Country: Number of Trips 2016-2021
Table 9 Inbound City Arrivals 2016-2021
Table 10 Inbound Receipts: Value 2016-2021
Table 11 Forecast Inbound Arrivals: Number of Trips 2021-2026
Table 12 Forecast Inbound Arrivals by Country: Number of Trips 2021-2026
Table 13 Forecast Inbound Receipts: Value 2021-2026
Table 14 Domestic Trips by Destination: Number of Trips 2016-2021
Table 15 Domestic Business Trips by Travel Mode: Number of Trips 2016-2021
Table 16 Domestic Leisure Trips by Travel Mode: Number of Trips 2016-2021
Table 17 Domestic Expenditure: Value 2016-2021
Table 18 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2021-2026
Table 19 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2021-2026
Table 20 Forecast Domestic Expenditure: Value 2021-2026
Table 21 Outbound Departures: Number of Trips 2016-2021
Table 22 Outbound Departures by Destination: Number of Trips 2016-2021
Table 23 Outbound Expenditure: Value 2016-2021
Table 24 Forecast Outbound Departures: Number of Trips 2021-2026
Table 25 Forecast Outbound Departures by Destination: Number of Trips 2021-2026
Table 26 Forecast Outbound Expenditure: Value 2021-2026
Airlines in Mexico
KEY DATA FINDINGS
2021 IMPACT
Bankruptcies abound as a result of the pandemic, but Volaris fares better
Flights plummet as other countries impose restrictions and domestic travel declines
RECOVERY AND OPPORTUNITIES
More direct flight routes are added to cater for demand and stimulate growth
Testing and cleaning processes will be important, along with vaccination
CATEGORY DATA
Table 27 Airlines Sales: Value 2016-2021
Table 28 Airlines Online Sales: Value 2016-2021
Table 29 Airlines: Passengers Carried 2016-2021
Table 30 Airlines NBO Company Shares: % Value 2016-2020
Table 31 Charter Airlines Brands by Key Performance Indicators 2021
Table 32 Low Cost Carriers Airlines Brands by Key Performance Indicators 2021
Table 33 Scheduled Airlines Brands by Key Performance Indicators 2021
Table 34 Forecast Airlines Sales: Value 2021-2026
Table 35 Forecast Airlines Online Sales: Value 2021-2026
Car Rental (Destination) in Mexico
KEY DATA FINDINGS
2021 IMPACT
Business car rental rebounds and players seek to increase their fleets again
Operating procedures and advertising campaigns are tailored to the “new normal”
RECOVERY AND OPPORTUNITIES
Car rental likely to be considered a safe mode of transport
Faster return to growth for leisure car rental and the popularity of digital solutions
CATEGORY DATA
Table 36 Car Rental Sales: Value 2016-2021
Table 37 Car Rental Online Sales: Value 2016-2021
Table 38 Structure of Car Rental Market 2016-2021
Table 39 Car Rental NBO Company Shares: % Value 2016-2020
Table 40 Car Rental Brands by Key Performance Indicators 2021
Table 41 Forecast Car Rental Sales: Value 2021-2026
Table 42 Forecast Car Rental Online Sales: Value 2021-2026
Online Travel and Intermediaries in Mexico
KEY DATA FINDINGS
2021 IMPACT
Consumers move online, using OTAs for better comparison, flexibility and safety
Opportunities for direct players and larger intermediaries with better refund policies
RECOVERY AND OPPORTUNITIES
Value sales to see slow recovery, but travel intermediaries will work with regions
Migration online will lead to more omnichannel operations and higher mobile sales
CATEGORY DATA
Table 43 Travel Intermediaries Sales: Value 2016-2021
Table 44 Intermediaries Corporate Business Online Sales: Value 2016-2021
Table 45 Intermediaries Leisure Online Sales: Value 2016-2021
Table 46 Travel Intermediaries NBO Company Shares: % Value 2016-2021
Table 47 Online Travel Sales to Residents: Value 2016-2021
Table 48 Total Mobile Travel Sales to Residents: Value 2016-2021
Table 49 Forecast Travel Intermediaries Sales: Value 2021-2026
Table 50 Forecast Intermediaries Corporate Business Online Sales: Value 2021-2026
Table 51 Forecast Intermediaries Leisure Online Sales: Value 2021-2026
Table 52 Forecast Online Travel Sales to Residents: Value 2021-2026
Table 53 Forecast Total Mobile Travel Sales to Residents: Value 2021-2026
Lodging in Mexico
KEY DATA FINDINGS
2021 IMPACT
Lodging sees a strong rebound as state traffic light categorisations are eased
Players find niches to survive in a difficult environment, and openings continue
RECOVERY AND OPPORTUNITIES
Adaptation, consolidation and greater promotion
Changes in consumer demand will lead players to offer new services
CATEGORY DATA
Table 54 Lodging Sales: Value 2016-2021
Table 55 Lodging Online Sales: Value 2016-2021
Table 56 Hotels Sales: Value 2016-2021
Table 57 Hotels Online Sales: Value 2016-2021
Table 58 Other Lodging Sales: Value 2016-2021
Table 59 Other Lodging Online Sales: Value 2016-2021
Table 60 Lodging Outlets: Units 2016-2021
Table 61 Lodging: Number of Rooms 2016-2021
Table 62 Lodging by Incoming vs Domestic: % Value 2016-2021
Table 63 Hotels NBO Company Shares: % Value 2016-2020
Table 64 Hotel Brands by Key Performance Indicators 2021
Table 65 Forecast Lodging Sales: Value 2021-2026
Table 66 Forecast Lodging Online Sales: Value 2021-2026
Table 67 Forecast Hotels Sales: Value 2021-2026
Table 68 Forecast Hotels Online Sales: Value 2021-2026
Table 69 Forecast Other Lodging Sales: Value 2021-2026
Table 70 Forecast Other Lodging Online Sales: Value 2021-2026
Table 71 Forecast Lodging Outlets: Units 2021-2026