Mexico Tourism Spending Increased This Summer
- New data shows that while international visitor arrival numbers in Mexico were down compared to pre-pandemic levels, those who did enter the country in July spent more money than they did in 2019.
- According to Mexico News Daily, Mexico’s national statistics agency Inegi announced that an estimated 3.38 million international visitors came to Mexico in July 2021, a 19% decline from the 4.16 million foreign arrivals reported during July 2019.
- While the overall number of tourists arriving in Mexico was down compared to pre-pandemic levels, the amount spent by travelers totaled $2.12Bn in July, which was a 6.5% increase compared to the $1.99Bn spent by international arrivals during the same month in 2019.
- Inegi officials said the average spending per tourist was $1,150, a 15% increase over July 2019. In total, the Mexican government revealed international tourist numbers were up 143% and combined expenditure increased 389% in July 2021 compared to July 2020.
- This will help to support government revenues and if sustained contribute to the country’s economic recovery. The IMF expects Mexico to grow by 6.3% in 2021 from -8.2% in 2020.
(Source: Travel Pulse & NCBCM Research)