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Mexican Tourism Sector Turns in Solid Performance in 2016

ISSN:1054-8890
LADB Article ID: 80211
Category/Department: Mexico
Date: 2017-02-15
By: Carlos Navarro

A favorable exchange rate contributed to a significant increase in the number of foreign visitors to Mexico during 2016, but increased marketing and promotion, development of tourism infrastructure, and other factors also helped attract a stream of international tourists to Mexico. The tourism ministry (Secretaría de Turismo, SECTUR) said 35 million foreign tourists visited Mexico in 2016, compared with 32.1 million in 2015. The revenues from international tourism amounted to about US$20 billion, an increase of almost 11% from the previous year. The UN World Tourism Organization (UNWTO) ranked Mexico as the eighth most popular country for foreign visitors in 2016, compared with ninth place in 2015. Analysts said the growth in numbers and revenues are an indication of the strong health of the Mexican tourism industry, which is one of the top three sources of foreign exchange for Mexico, along with oil exports and remittances from expatriates in the US.“In terms of revenues, this was another double-digit increase,” financial columnist Carlos Velázquez wrote in the daily newspaper Excélsior. “This is the seventh consecutive year of positive results following a disastrous 2009.”

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