The Mexican Tourism Sector has been hit hard by the ongoing border restrictions. Mexico’s tourism industry is one of the largest in the world, generating an estimated $24 billion USD annually.
The mexico tourism statistics 2020 is a report that has been released by the Mexican Tourism Sector. It states that Mexico’s tourism sector will be impacted due to ongoing border restrictions.
Since its beginning in March 2020, the restriction on non-essential travel over the land border between the United States and Mexico has been renewed on a monthly basis.
According to the newest study from leading data and analytics firm GlobalData, ‘Tourist Source Market Insight – United States,’ the pandemic’s continuance 17 months into the outbreak may be catastrophic for Mexico’s tourism sector.
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According to their findings, the United States was the source market for Mexico that spent the most on outbound travel in 2020, with an average expenditure of $3,505 per U.S. citizen. With an average spending of $1,576 per inhabitant, another North American neighbor, Canada, was the source market with the second-highest level of average expenditure. Colombia came in third place, with an average expenditure per inhabitant of $1,286.
“While the Mexican government allows travel into the nation, the US government imposes limitations on outgoing travel,” said Rheanna Norris, Travel & Tourism Analyst at GlobalData. Because the United States is by far the most expensive source market for tourists, well ahead of other major source markets such as Argentina, Colombia, and the United Kingdom, Mexico’s tourism sector will be harmed by non-essential travel from the United States.”
GlobalData showed that 83 percent of all arrivals into Mexico originated from the United States, demonstrating Mexico’s dependence on the outbound tourist industry in the United States.
By source market, average spend per inhabitant on outbound visits to Mexico in 2020. (Graph provided by GlobalData)
However, according to the GlobalData study, many foreign visitors are ready to travel great distances for their post-pandemic holidays. In a poll of 1,442 people from all over the globe, 37% said they would be willing to go to a new continent on their next overseas vacation.
In the near run, this indicates that the Mexican tourism sector may be able to rely on the long-haul vacation market to compensate for the loss of US money if it can target visitors looking for a post-COVID “bucket list” kind of trip. Nonetheless, according to GlobalData, Mexico’s tourist industry may struggle to compensate for the absence of the usual high-spending American visitor.
“Despite the present limitations, Mexico may see an increase in visiting friends and relatives (VFR) travel from the United States if it is completely allowed, since VFR travel is a major incentive for travel between the two countries,” Norris said. “Travelers may, however, see a rise in airfares as a result of the unexpected surge in demand. The urge to visit loved ones after such a long time, on the other hand, would motivate passengers to pay these exorbitant costs, benefiting airlines.”
The mexico tourism board is a Mexican government agency that helps promote the country’s tourism sector. Due to ongoing border restrictions, this agency has been impacted.
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