Published on : Monday, December 28, 2020
Mexico’s tourism ministry recently shared that international tourism in Mexico is likely to jump as much 65% next year if the COVID-19 crisis improves. They are of the opinion that even a worst-case scenario the trend will be positive and would still bring more travellers as compared to 2020.
The pandemic has battered the travel industry worldwide, including Mexico’s popular beach resorts such as Cancun and Los Cabos. Just 25.9 million foreigners visited the country this year, 42% less than in 2019. According to reports, if the sector bounces back under an optimistic scenario, it could draw as many as 42.7 million people, representing around $17.4 billion in spending.
A conservative view predicts nearly 34.5 million people generating $15.6 billion, while a pessimist forecast is for 26.3 million people and $13.8 billion. The coronavirus crisis pushed Mexico’s economy into its steepest recession in decades, with the central bank forecasting that it will have shrunk between 8.7% and 9.3% in 2020.