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.
Chipotle Nuevo León

After a surprisingly strong start, Chipotle plans more restaurants in Nuevo León and Mexico City

0
Chipotle's foray into Mexico was viewed with doubts that Mexico's traditional cuisine could work with U.S.-style fast-food service. But Chipotle's "fast-casual" status, as opposed to Taco Bell's failed "fast-food" approach, won the day.
Signing India Mexico

Trade negotiations between Mexico and India have officially started

0
The start of formal negotiations converts into action an understanding reached by President Sheinbaum and Indian Prime Minister Narendra Modi on the sidelines of the G7 Summit in Canada in June 2025.
servers in a data center

Ebrard: More than US $8B in data center projects in the works

4
"I think we're going to continue encouraging [data centers'] installation and operation in our country," Economy Minister Marcelo Ebrard said on Tuesday, because they will allow Mexico to strengthen its technological capabilities and its participation in the development of AI.
BETA Version - Powered by Perplexity