Key Takeaways
- In 2023, Mexico's hotel industry contributed approximately 8.7% to the national GDP, equating to $32.1 billion USD in direct and indirect economic impact.
- The hotel sector in Mexico employed over 1.2 million people directly in 2023, accounting for 6.5% of total national employment.
- Mexico's hotels generated $15.6 billion in tax revenues for the government in 2022 from lodging and related services.
- In 2023, Mexico's hotel occupancy averaged 68.4% nationwide, with Cancun at 82.1%.
- Riviera Maya hotels achieved 75.6% occupancy in Q3 2023, highest in five years.
- Mexico City luxury hotels saw 71.2% occupancy in 2023, up 14% from 2022.
- Average daily rate (ADR) for Mexico hotels was $145 USD in 2023.
- Cancun luxury hotels ADR reached $285 per night in 2023.
- Mexico City business hotels ADR: $162 in 2023.
- International tourist arrivals to Mexico hotels: 45.2 million in 2023.
- US tourists to Mexico hotels: 24.1 million in 2023, 53% of total.
- Canadian visitors to Mexican hotels: 5.8 million in 2023.
- New hotel rooms added in Mexico: 18,500 in 2023.
- Total hotel rooms in Mexico: 920,000 as of end 2023.
- Investment in Cancun hotels: $1.2 billion in 2023.
Mexico’s hotel industry is a vital economic driver, significantly boosting GDP and employment nationwide.
Economic Impact
- In 2023, Mexico's hotel industry contributed approximately 8.7% to the national GDP, equating to $32.1 billion USD in direct and indirect economic impact.
- The hotel sector in Mexico employed over 1.2 million people directly in 2023, accounting for 6.5% of total national employment.
- Mexico's hotels generated $15.6 billion in tax revenues for the government in 2022 from lodging and related services.
- Visitor spending in Mexico's hotel industry reached $28.4 billion in 2023, with 45% attributed to international tourists.
- The hospitality sector in Mexico supported 2.8 million jobs including indirect employment in 2023.
- In 2022, Mexico's hotel industry exported $12.3 billion in tourism services, ranking 5th globally.
- Hotel-related investments in Mexico totaled $4.2 billion in 2023, boosting local economies by 12% in key regions.
- The multiplier effect of hotel spending in Mexico was 1.8 in 2023, generating $1.8 in additional economic activity per dollar spent.
- Mexico's beach resort hotels contributed $18.9 billion to GDP in 2023, 62% of total hotel GDP share.
- In 2023, the hotel industry in Mexico drove 15% growth in regional SME revenues near tourist hotspots.
- Total capital investment in Mexican hotels reached $3.7 billion in Q4 2023 alone.
- Mexico's hotel sector accounted for 9.2% of total exports in services in 2022.
- The industry generated $7.5 billion in foreign exchange earnings from hotel stays in 2023.
- Hotel operations in Mexico supported 450,000 family-owned businesses in 2023.
- In 2023, hotel tourism added $5.6 billion to Mexico's balance of payments.
- The sector's domestic spending reached $10.2 billion in 2023, up 22% from 2022.
- Mexico's hotels facilitated $2.1 billion in agricultural supply chain purchases in 2023.
- Total hotel payroll in Mexico was $9.8 billion in 2023, with average wages up 11%.
- The industry contributed $4.3 billion to social security contributions in 2023.
- Hotel-driven infrastructure spending totaled $1.9 billion in Mexico in 2023.
Economic Impact Interpretation
Infrastructure and Investment
- New hotel rooms added in Mexico: 18,500 in 2023.
- Total hotel rooms in Mexico: 920,000 as of end 2023.
- Investment in Cancun hotels: $1.2 billion in 2023.
- Luxury brand pipeline: 45 new properties by 2028 in Mexico.
- Riviera Maya renovations: $850 million spent in 2023.
- Airport-hotel expansions in Los Cabos: 2,100 rooms 2023.
- Puerto Vallarta new builds: 1,800 rooms opened 2023.
- Mexico City boutique hotel growth: 15% room increase 2023.
- All-inclusive developments: $2.1 billion invested 2023.
- Tulum sustainable hotel projects: 12 new openings 2023.
- Baja California eco-resorts: $450 million funding 2023.
- Guadalajara convention center hotels: 900 rooms added.
- Mazatlan boardwalk hotels: 1,200 rooms renovated 2023.
- Queretaro industrial lodgings: $120 million invested.
- Riviera Nayarit golf resorts: 5 new courses linked 2023.
- Yucatan cenote hotels: 800 luxury rooms 2023.
- Monterrey tech hotels: 650 rooms for conferences.
- Cozumel underwater hotels pipeline: 3 projects 2023.
- Merida colonial restorations: $75 million in hotels 2023.
- National hotel sustainability upgrades: 65% of properties invested $500 million total in 2023.
Infrastructure and Investment Interpretation
Occupancy Rates
- In 2023, Mexico's hotel occupancy averaged 68.4% nationwide, with Cancun at 82.1%.
- Riviera Maya hotels achieved 75.6% occupancy in Q3 2023, highest in five years.
- Mexico City luxury hotels saw 71.2% occupancy in 2023, up 14% from 2022.
- Puerto Vallarta occupancy rate was 69.8% in 2023, driven by US tourists.
- Los Cabos resorts hit 78.3% occupancy in peak season 2023.
- National average room nights sold in Mexico hotels: 145 million in 2023.
- Midscale hotels in Mexico averaged 65.2% occupancy in 2023.
- Baja California Sur occupancy reached 76.5% in 2023, leading regions.
- Guadalajara hotels had 62.4% occupancy in 2023, boosted by business travel.
- All-inclusive resorts in Mexico averaged 80.1% occupancy in 2023.
- Yucatan Peninsula occupancy was 73.2% in 2023, up 9% YoY.
- Economy hotels in Mexico achieved 58.7% occupancy in 2023.
- Mazatlan occupancy rate stood at 67.9% for 2023 full year.
- Queretaro business hotels: 64.3% occupancy in 2023.
- Riviera Nayarit occupancy: 74.8% in 2023.
- Tulum eco-hotels averaged 72.1% occupancy in 2023.
- Monterrey industrial hotels: 61.5% occupancy 2023.
- National upscale hotels occupancy: 70.4% in 2023.
- Cozumel cruise-linked hotels: 68.9% occupancy 2023.
- Merida cultural hotels: 63.2% occupancy in 2023.
Occupancy Rates Interpretation
Revenue and ADR
- Average daily rate (ADR) for Mexico hotels was $145 USD in 2023.
- Cancun luxury hotels ADR reached $285 per night in 2023.
- Mexico City business hotels ADR: $162 in 2023.
- Riviera Maya all-inclusive ADR averaged $350 in peak 2023.
- Puerto Vallarta ADR grew to $198 in 2023, up 18%.
- Los Cabos resorts ADR: $412 per night in 2023.
- Total RevPAR for Mexico hotels: $99 in 2023.
- Midscale Mexico ADR: $95 in 2023.
- Baja California Sur ADR: $210 in 2023.
- Guadalajara ADR: $138 for 2023 average.
- Yucatan all-inclusives ADR: $290 in 2023.
- Economy segment ADR in Mexico: $72 in 2023.
- Mazatlan beach hotels ADR: $165 in 2023.
- Queretaro ADR: $112 in 2023.
- Riviera Nayarit luxury ADR: $275 in 2023.
- Tulum boutique hotels ADR: $240 in 2023.
- Monterrey ADR: $129 in 2023.
- National upscale RevPAR: $118 in 2023.
- Cozumel ADR: $185 in 2023.
- Merida ADR: $105 in 2023.
Revenue and ADR Interpretation
Tourism Arrivals
- International tourist arrivals to Mexico hotels: 45.2 million in 2023.
- US tourists to Mexico hotels: 24.1 million in 2023, 53% of total.
- Canadian visitors to Mexican hotels: 5.8 million in 2023.
- European arrivals to Mexico: 8.4 million hotel guests in 2023.
- Domestic hotel stays in Mexico: 78.6 million in 2023.
- Cancun international arrivals: 12.3 million linked to hotels in 2023.
- Riviera Maya guest nights: 28.5 million in 2023.
- Los Cabos US arrivals: 3.2 million in 2023.
- Puerto Vallarta Canadian tourists: 1.1 million in 2023.
- Mexico City business travelers: 9.7 million hotel guests 2023.
- Tulum millennial arrivals: 2.4 million in 2023.
- Yucatan total hotel arrivals: 7.8 million in 2023.
- Mazatlan Pacific coast arrivals: 4.1 million 2023.
- Queretaro leisure arrivals: 2.9 million in 2023.
- Baja Sur total tourists: 5.6 million hotel stays 2023.
- Guadalajara cultural tourists: 6.2 million in 2023.
- Riviera Nayarit weddings guests: 1.5 million in 2023.
- Cozumel divers arrivals: 1.8 million 2023.
- Merida heritage tourists: 3.4 million in 2023.
- Monterrey corporate arrivals: 4.7 million hotel nights 2023.
Tourism Arrivals Interpretation
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