Recently published research from Euromonitor International, "Tourism Flows Inbound in Mexico", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 08/21/2014 -- In 2013 international arrivals and inbound expenditure surpassed the highest results from 2008, which was the year with best results for the last 10 years. During the review period overall international arrivals by air increased by 13%; they rose by 10% in 2013. This can be explained mostly by the strong promotion campaign Live it to Believe, which was launched to attract international travellers from the US and Canada as the main market but also visitors from countries that spend more in holidays such as Russia, England and China to main destinations such as Vallarta-Nayarit, Mexico City, Los Cabos, Cancun, Riviera Maya and the Yucatan. To boost international travellers from Latin America the government eliminated visa requirements for visitors from Brazil, Colombia and Peru, and this strategy helped generate outstanding results. When compared with the previous year, the number of trips increased by 4%, but although it seems to be a conservative growth rate it is important to mention that in 2012 inbound flows decreased due to violence problems.
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Over the forecast period 2013-2018 the number of inbound travellers is expected to increase, surpassing 31 million trips by 2018 and growing at a CAGR of 5%. This positive performance is likely to be driven by the advertising efforts conducted by the government, inviting foreign tourists from new markets who have not visited Mexico to enjoy all different activities and destinations of the country. Compared with the review period the number of incoming travellers is expected to observe faster growth over the forecast period due to the government efforts to eliminate violence and all the expected investments from companies related to tourism activities and services and from the government itself.
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The Tourism Flows Inbound in Mexico market research report includes:
Analysis of key supply-side and demand trends
Historic volumes and values
Five year forecasts of market trends and market growth
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Our market research reports answer questions such as:
What is the market size of Tourism Flows Inbound in Mexico?
How successful is Mexico in attracting international visitors?
What are the leading inbound source markets?
What do international visitors spend their money on?
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Product coverage: Arrivals, Arrivals by Mode of Transport, Arrivals by Purpose of Visit.
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