Mexico’s foreign tourism revenue up 7.7% in May

Foreign tourism revenue was up 7.7% in May compared to 2023.  

According to the National Institute of Statistics and Geography (INEGI), Mexico received over US $2.46 billion in revenue from foreign tourists in May, compared to the $2.23 billion it earned in May 2023.

Tourists in Mexico taking a selfie
INEGI reported that May saw 6.72 million travelers enter the country, a 14.3% rise over 2023 figures. (Cuartoscuro)

INEGI’s report also revealed that foreign tourists entering Mexico via air spent on average US $1,115.31 — 1.5% more than last year. 

In a statement, Tourism Minister Miguel Torruco Marqués said that the increase in foreign currency revenue from international visitors and the average spend by tourists are important measures of a country’s potential in the tourism industry. 

As for the number of visitors, the INEGI reported that May saw 6.72 million travelers enter the country, a 14.3% rise over 2023 figures. Of these visitors, 3.4 million were foreign tourists.  

In his statement, Torruco added that from January to May, the inflow of foreign currency reached US $14.9 billion, an increase of 8.1% compared to the same period of last year and an increase of 35.1% over the same period of 2019. 

From January to May, Mexico saw the arrival of 18.1 million foreign travelers — an increase of 6.1% compared to last year, Torruco said. Of these tourists, 10.16 million travelers arrived by air — up 5.5% over the same period of 2023. 

According to official data, nearly 80% of total arrivals in 2024 have hailed from three countries: the United States, Canada and Colombia. The number of tourists from the U.S. was 6,248,000, while travelers from Canada numbered 1,537,000 tourists and 257,273 from Colombia.

With reports from El Economista

1 COMMENT

Have something to say? Paid Subscribers get all access to make & read comments.
Skyscrapers along Paseo de la Reforma in Mexico City.

Mexico’s 2026 growth outlook improves in Banxico and Citi surveys

0
Median forecasts rise in surveys by Banxico and Citi, with 2027 growth seen near 1.9% and year-end inflation just under 4%.

Mexico’s trade surplus with the US jumped 26% in the first nine months of 2026, reaching a record US $184 billion

0
Over those first three quarters, only Vietnam has run a bigger surplus with the United States than Mexico. Most of the reason for the current elevated surplus is the insatiable U.S. thirst for IA-related IT equpiment, which Mexico is happy to provide.
Computer and mobile app open to pay digitally with credit card.

Mexico and My Money: The fintech revolution in Mexico is just getting started

0
The fintech revolution in Mexico has already been transformative, as younger adults increasingly embrace mobile apps and digital payments. But the financial technology sector continues to evolve, writes Dawn Stoner.
BETA Version - Powered by Perplexity