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Country Report

Travel in

Travel in Mexico

Sep 2020

US$2,100

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Executive Summary

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COVID-19 impact on travel

The Mexican travel industry is experiencing an extremely difficult year as a result of the outbreak of the COVID-19 virus both at home and broad as well as the measures taken to contain the spread of the pandemic. Sales across all areas of travel will decline in Mexico in 2020, with closed borders and other travel restrictions, lockdowns and additional safety and hygiene measures all negatively affecting the industry.

COVID-19 country impact

The Mexican government announced nationwide restrictions on non-essential economic activities in most municipalities on 30 March, which took effect the following day, with the population urged to stay at home, where possible. On 16 April, the government extended these restrictions to last until 30 May, with the peak of the COVID-19 epidemic in Mexico occurring in May.

Company response to COVID-19: Airlines and hotels

The COVID-19 pandemic is having an extremely negative impact on the airlines business. Airlines in Mexico are struggling with the impact of the COVID-19 outbreak and the measures taken to control its spread, such as the closure of borders.

Impact of COVID-19 on online bookings and travel intermediaries

Due to the COVID-19 pandemic, the outlook for online travel agencies and other travel intermediaries in 2020 turned extremely negative. Demand essentially ground to a halt for their businesses with the arrival of COVID-19 in the country, and, on top of this, many, although not all, of these companies have been forced to offer free cancellations and refunds to travellers in order to avoid alienating these customers.

What next for travel?

Despite the worsening of the pandemic in Mexico, the federal government was formally targeting 1 June as the day when regular tourism could resume at popular destinations on the Mexican Caribbean – especially in the state of Quintana Roo, which contains such popular tourist hotspots as Cancun, Playa del Carmen, and Cozumel. The state government of Quintana Roo recognises that it will have to provide safety and hygiene reassurances to travellers in order to encourage tourism.

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Overview

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Overview:

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 are 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:

Analysis of trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Forecasts
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Travel in Mexico?
What are the major brands in Mexico?

Why buy this report?

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

This industry report originates from Passport, our Travel market research database.

Each report is delivered with the following components:
Report: PDF
Market statistics: Excel workbook

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Travel in Mexico

EXECUTIVE SUMMARY

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

Chart 1 Inbound Receipts: 2020-2025
Chart 2 Average Spend per Trip for Inbound Arrivals: 2020-2025

MARKET DATA

Table 1 Annual Leave: Volume 2015-2020
Table 2 Travellers by Age: Number of People 2015-2020
Table 3 Seasonality: Number of People 2015-2020
Table 4 Leisure Outbound Demographics: Number of Trips 2015-2020
Table 5 Other Transport Sales: Value 2015-2020
Table 6 Other Transport Online Sales: Value 2015-2020
Table 7 Forecast Other Transport Sales: Value 2020-2025
Table 8 Forecast Other Transport Online Sales: Value 2020-2025
Table 9 Activities and Experiences: Value 2015-2020
Table 10 Forecast Activities and Experiences: Value 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

DEFINITIONS

SOURCES

Summary 1 Research Sources

Tourism Flows in Mexico

KEY DATA FINDINGS

2020 IMPACT

Slump in arrivals due to border closures has a massive impact on the local travel industry

Tax to pay for the “Mayan Train”

RECOVERY AND OPPORTUNITIES

Relaunch of the Visit Mexico digital platform

Domestic tourists to be targeted initially, including a reversal of the proposed scrapping of long weekends

CATEGORY DATA

Table 11 Inbound Arrivals: Number of Trips 2015-2020
Table 12 Inbound Arrivals by Country: Number of Trips 2015-2020
Table 13 Inbound City Arrivals 2015-2020
Table 14 Inbound Receipts: Value 2015-2020
Table 15 Leisure Inbound Demographics: Number of Trips 2015-2020
Table 16 Forecast Inbound Arrivals: Number of Trips 2020-2025
Table 17 Forecast Inbound Arrivals by Country: Number of Trips 2020-2025
Table 18 Forecast Inbound Receipts: Value 2020-2025
Table 19 Domestic Trips by Destination: Number of Trips 2015-2020
Table 20 Domestic Business Trips by Travel Mode: Number of Trips 2015-2020
Table 21 Domestic Leisure Trips by Travel Mode: Number of Trips 2015-2020
Table 22 Domestic Expenditure: Value 2015-2020
Table 23 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2020-2025
Table 24 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2020-2025
Table 25 Forecast Domestic Expenditure: Value 2020-2025
Table 26 Outbound Departures: Number of Trips 2015-2020
Table 27 Outbound Departures by Destination: Number of Trips 2015-2020
Table 28 Outbound Expenditure: Value 2015-2020
Table 29 Forecast Outbound Departures: Number of Trips 2020-2025
Table 30 Forecast Outbound Departures by Destination: Number of Trips 2020-2025
Table 31 Forecast Outbound Expenditure: Value 2020-2025

Airlines in Mexico

KEY DATA FINDINGS

2020 IMPACT

Border closures and travel restrictions negatively impact airlines

Volaris well positioned to continue growing

RECOVERY

Airlines were planning to add new routes and more flights

Turkish Airlines planning to add more flights after its 2019 entry to Mexican air travel

CATEGORY DATA

Table 32 Airlines Sales: Value 2015-2020
Table 33 Airlines Online Sales: Value 2015-2020
Table 34 Airlines: Passengers Carried 2015-2020
Table 35 Airlines NBO Company Shares: % Value 2016-2020
Table 36 Charter Airlines Brands by Key Performance Indicators 2020
Table 37 Low Cost Carriers Airlines Brands by Key Performance Indicators 2020
Table 38 Scheduled Airlines Brands by Key Performance Indicators 2020
Table 39 Forecast Airlines Sales: Value 2020-2025
Table 40 Forecast Airlines Online Sales: Value 2020-2025

Car Rental (Destination) in Mexico

KEY DATA FINDINGS

2020 IMPACT

Car rental firms still operating, but at much-reduced rates

XrentY among the new operators entering the Mexican car rental industry

RECOVERY AND OPPORTUNITIES

Pre-paid sales expected to develop more quickly in the COVID-19 era

Alamo continues to register positive growth due to its focus on innovation

CATEGORY DATA

Table 41 Car Rental Sales: Value 2015-2020
Table 42 Car Rental Online Sales: Value 2015-2020
Table 43 Structure of Car Rental Market 2015-2020
Table 44 Car Rental NBO Company Shares: % Value 2016-2020
Table 45 Car Rental Brands by Key Performance Indicators 2020
Table 46 Forecast Car Rental Sales: Value 2020-2025
Table 47 Forecast Car Rental Online Sales: Value 2020-2025

Lodging in Mexico

KEY DATA FINDINGS

2020 IMPACT

Hotels forced to operate at reduced capacity by government decree

Short-term rentals to lose around a quarter of its sales in 2020

RECOVERY AND OPPORTUNITIES

Plans to reduce room rates likely to be shelved due to COVID-19

Short-term rentals the most dynamic lodging category

CATEGORY DATA

Table 48 Lodging Sales: Value 2015-2020
Table 49 Lodging Online Sales: Value 2015-2020
Table 50 Hotels Sales: Value 2015-2020
Table 51 Hotels Online Sales: Value 2015-2020
Table 52 Other Lodging Sales: Value 2015-2020
Table 53 Other Lodging Online Sales: Value 2015-2020
Table 54 Lodging Outlets: Units 2015-2020
Table 55 Lodging: Number of Rooms 2015-2020
Table 56 Lodging by Incoming vs Domestic: % Value 2015-2020
Table 57 Hotels NBO Company Shares: % Value 2016-2020
Table 58 Hotel Brands by Key Performance Indicators 2020
Table 59 Forecast Lodging Sales: Value 2020-2025
Table 60 Forecast Lodging Online Sales: Value 2020-2025
Table 61 Forecast Hotels Sales: Value 2020-2025
Table 62 Forecast Hotels Online Sales: Value 2020-2025
Table 63 Forecast Other Lodging Sales: Value 2020-2025
Table 64 Forecast Other Lodging Online Sales: Value 2020-2025
Table 65 Forecast Lodging Outlets: Units 2020-2025

Online Travel Sales and Intermediaries in Mexico

KEY DATA FINDINGS

2020 IMPACT

Travel intermediaries to experience their worst year on record in 2020

Possible opportunities in “recent cancellation” travel insurance

RECOVERY AND OPPORTUNITIES

Despegar takeover of Best Day could be in doubt due to the pandemic

Migration online results in traditional players moving towards omnichannel operations

Table 66 Travel Planning and Booking in Mexico: Purchase Factors 2020

CATEGORY DATA

Table 67 Travel Intermediaries Sales: Value 2015-2020
Table 68 Intermediaries Corporate Business Online Sales: Value 2015-2020
Table 69 Intermediaries Leisure Online Sales: Value 2015-2020
Table 70 Travel Intermediaries NBO Company Shares: % Value 2016-2020
Table 71 Online Travel Sales to Residents: Value 2015-2020
Table 72 Total Mobile Travel Sales to Residents: Value 2015-2020
Table 73 Forecast Travel Intermediaries Sales: Value 2020-2025
Table 74 Forecast Intermediaries Corporate Business Online Sales: Value 2020-2025
Table 75 Forecast Intermediaries Leisure Online Sales: Value 2020-2025
Table 76 Forecast Online Travel Sales to Residents: Value 2020-2025
Table 77 Forecast Total Mobile Travel Sales to Residents: Value 2020-2025

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Megatrends

Country Report

Travel in Mexico

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Executive Summary

New Report Guarantee

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

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Overview

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Table of Contents

Travel in Mexico

EXECUTIVE SUMMARY

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

MARKET DATA

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

DEFINITIONS

SOURCES

Tourism Flows in Mexico

KEY DATA FINDINGS

2020 IMPACT

Slump in arrivals due to border closures has a massive impact on the local travel industry

Tax to pay for the “Mayan Train”

RECOVERY AND OPPORTUNITIES

Relaunch of the Visit Mexico digital platform

Domestic tourists to be targeted initially, including a reversal of the proposed scrapping of long weekends

CATEGORY DATA

Airlines in Mexico

KEY DATA FINDINGS

2020 IMPACT

Border closures and travel restrictions negatively impact airlines

Volaris well positioned to continue growing

RECOVERY

Airlines were planning to add new routes and more flights

Turkish Airlines planning to add more flights after its 2019 entry to Mexican air travel

CATEGORY DATA

Car Rental (Destination) in Mexico

KEY DATA FINDINGS

2020 IMPACT

Car rental firms still operating, but at much-reduced rates

XrentY among the new operators entering the Mexican car rental industry

RECOVERY AND OPPORTUNITIES

Pre-paid sales expected to develop more quickly in the COVID-19 era

Alamo continues to register positive growth due to its focus on innovation

CATEGORY DATA

Lodging in Mexico

KEY DATA FINDINGS

2020 IMPACT

Hotels forced to operate at reduced capacity by government decree

Short-term rentals to lose around a quarter of its sales in 2020

RECOVERY AND OPPORTUNITIES

Plans to reduce room rates likely to be shelved due to COVID-19

Short-term rentals the most dynamic lodging category

CATEGORY DATA

Online Travel Sales and Intermediaries in Mexico

KEY DATA FINDINGS

2020 IMPACT

Travel intermediaries to experience their worst year on record in 2020

Possible opportunities in “recent cancellation” travel insurance

RECOVERY AND OPPORTUNITIES

Despegar takeover of Best Day could be in doubt due to the pandemic

Migration online results in traditional players moving towards omnichannel operations

CATEGORY DATA

Why buy this report?

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