Travel and Tourism in Mexico to 2020
Description- Travel and Tourism in Mexico Mexico’s tourism sector depicted growth during 2010–2015, driven by the government’s investment towards the promotion and development of the tourism sector. Following the depreciation of Mexican currency against the US dollar, inbound trips from the US to Mexico increased by 23.8% in 2014 and 9.4% in 2015. Due to the appreciation of the dollar, many Mexicans preferred domestic tourism spots over outbound destinations. Key Findings Mexico’s travel and tourism sector recorded growth during 2010–2015, supported by an increase in international arrivals, mainly from the US. The currency depreciation was one of the major factors that led to the growth of inbound tourism, reaching 31.8 million in 2015. The increase in the number of domestic and outbound trips can be attributed to moderate economic growth and declining unemployment rates, due to which the number of domestic trips reached 232.3 million and outbound trips totaled