Mexico tourism set to experience steady growth

 Saturday, September 24, 2022 

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The WTTC predicted an interannual growth rate of 3.2% in the course of next 10 years regarding Mexico’s tourism sector.


This figure is greater than the growth of the total countrywide economy, which is estimated to be 2% during the same period.


As per the latest Economic Impact Report (EIR), over the next decade, Mexico tourism will create more than 2.7 million new jobs, experiencing an upsurge of almost 43% compared to this year.


Julia Simpson, the president and CEO of the WTTC said that Mexico’s tourism sector has been harshly impacted by the global health emergency. However, with the recovery of the national economy from the upsetting effects of the pandemic, jobs created by the tourism sector are starting to get better and more in number.


In 2021, Mexico’s tourism sector witnessed a 9.2% growth in employment levels compared to 2020, reaching 6 million jobs, which is almost 11% of Mexico’s total jobs.


Considering this year, the report estimates a 7% increase in occupation compared to 2021, with almost 420,000 surplus new jobs in Mexico’s tourism segment.


Furthermore, by the end of this year, in excess of 190.7 billion dollars to the national GDP is predictable. The development will be more than 13% compared to 2021. Travel and tourism sector will signify 14.7% of the national economy.


The WTTC continues to uphold cooperative work between companies and authorities.

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