Mexico Tourism Report Q2 2014

Mexico Tourism Report Q2 2014


March 12, 2014
59 Pages - SKU: BMI5214859
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Countries covered: Mexico

Mexico Tourism Report Q2 2014

BMI believes Mexico's tourism industry has enormous long-term potential, largely owing to its proximityto the US. However, there are concerns with regard to rising levels of insecurity and the negative image thisis sending to potential tourists.

BMI estimates that full-year tourist arrivals totalled 10.8mn in 2013, a 0.2% year-on-year increase. Datathroughout the year had indicated a decline in arrivals, so we are encouraged that Mexico experienced astrong end to the year. We believe this bodes well for arrivals growth in 2014, which we forecast to come inat 2.1%. This reflects a slight increase in arrivals from North America, particularly the US, in line with theimproving prospects for the US economy. However, we would caution that Mexico's tendency to track USeconomic performance means that the tourism industry remains vulnerable to further economic slowdownsnorth of the border.



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