Business travel contributes to job and GDP growth in Mexico

Published on : Friday, April 15, 2016

gbtaA new report issued by the GBTA Foundation at GBTA Conference 2016 Mexico highlights the positive economic impact that road warriors have on the nation’s economy and explores the quantitative impact business travel has on the Mexican economy. The study, sponsored by Intercontinental Hotels Group (IHG), reveals business travel spending in Mexico in 2015 reached $263.2 billion pesos ($15 billion U.S. dollars) making it responsible for 1.4 per cent of Mexican GDP.



The impact study also found businesses sent travelers on the road in Mexico for 17.2 million domestic business trips. The business travel industry supports 1.2 million jobs, $70.4 billion pesos in wages and salaries and also generates $71.2 billion pesos in federal and state level taxes.



“Business travel has proven time and again to be a major economic driver,” said Michael W. McCormick, GBTA executive director and COO. “This study shows that to be true once again as for every 1 percent increase in business travel spending in Mexico, the Mexican economy gains $2.6 billion pesos and 11, 800 jobs. Nothing can replace face-to-face interactions when it comes to getting business done, so it comes as no surprise the huge impact the business travel industry has on Mexico’s economy.”




“IHG believes companies distinguish themselves by their strong focus on analyzing traveler´s tendencies and by taking a proactive approach based on these to become and maintain a position as a leader in the industry,” said Gerardo Murray, Vice President Brands and Marketing for Mexico, Latin America and the Caribbean, IHG. “The Mexican market without a doubt, is one of the most important in Latin America and this research allows companies to refine their strategy to approach consumers of this key economy in a more efficient way.”




More study highlights include:


Tags: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 01 AIME 2018 BB
  • 02 WTM Latin America 2018
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 itb-china 2018
  • 06 Central & Eastern Europe 2018
  • 06 imtm 2018
  • 06 TTF-2018
  • 07 balttour 2018
  • 07 ibtm arabia 2018
  • 08 mice-arabia 18
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 10 miceforum 18
  • 11 Digital Travel 2018
  • 30 PATA


Get our toolbar!
Review on