Mexico Tourism Report Q1 2015

Business Monitor International
January 7, 2015
55 Pages - SKU: BMI5432589
Countries covered: Mexico

Mexico Tourism Report Q1 2015

BMI expects tourist arrivals to grow steadily in 2015, albeit slightly below 2014 levels. This is due tofalling arrivals from Europe, as well as a slow pickup in arrivals from the US.

As Mexico's tourism industry is heavily dependent on arrivals from the neighbouring US, the outlook forthe US has a major impact on our forecasts for Mexican tourism. We are forecasting GDP growth of 2.7%in the US in 2015, up from 2.3% in 2014. We expect that this will feed through into US arrivals of 6.1mn toMexico in 2015, up from 6.0mn in 2014. We also note that Mexican visitors to the US will grow by a higherrate in 2015, by 5.9% to 21.7mn. We believe that this reflects the growing wealth and middle class inMexico and the increase in short-term cross-border tourism.

Key forecasts for Mexico's tourism industry:

BMI forecasts air passenger arrivals will grow strongly over the forecast period, to 39.2mn passengers in2015 and then rising to 45.0mn by 2018.

BMI is forecasting arrivals of 12.1mn in 2015, representing growth of 2.0%. The growth rate will thenpick up to 2.8% in 2016, to 12.4mn.



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