Travel & Tourism - Mexico

  • Mexico
  • Revenue in the Travel & Tourism market is projected to reach US$14.01bn in 2023.
  • Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 5.25%, resulting in a projected market volume of US$17.19bn by 2027.
  • The market's largest segment is Hotels with a projected market volume of US$7.55bn in 2023.
  • In the Hotels, the number of users is expected to amount to 44.99m users by 2027.
  • User penetration is 34.0% in 2023 and is expected to hit 38.6% by 2027.
  • The average revenue per user (ARPU) is expected to amount to US$310.50.
  • In the Travel & Tourism market, 83% of total revenue will be generated through online sales by 2027.
  • In global comparison, most revenue will be generated in the United States (US$190.40bn in 2023).
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