Friday, 30 Sep 2022

Mexico Expects a Steady Tourism Growth

Over the next decade, the tourism sector in Mexico will generate more than 2.7 million new jobs and will experience an increase of almost 43 percent compared to this year.


Mexico Expects a Steady Tourism Growth

The World Travel & Tourism Council (WTTC) forecasted an interannual growth rate of 3.2% over the next 10 years for Mexico's tourism sector.

This figure is higher than the growth of the total national economy, which is projected to be 2% for the same period.

According to the latest Economic Impact Report (EIR), over the next decade, the tourism sector in Mexico will generate more than 2.7 million new jobs and will experience an increase of almost 43% compared to this year.

Julia Simpson, president and CEO of the WTTC stated, "Mexico's tourism sector has been severely affected by the global health crisis. However, as the national economy begins to recover from the devastating effects of the pandemic, jobs generated by the tourism sector are beginning to increase."

The same report notes that in 2021, Mexico's tourism sector saw a 9.2% increase in employment levels compared to 2020, reaching 6 million jobs, or nearly 11% of the country's total jobs.

By 2022, the study forecasts a 7% increase in employment compared to 2021, with almost 420,000 additional new jobs in Mexico's tourism sector.

In addition, by the end of this same year, more than 190.7 billion dollars to the national GDP is expected. The growth will be more than 13% compared to 2021, and the travel and tourism sector will represent 14.7% of the national economy.

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