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.
tim hortons fundidora park

Tim Hortons, the pride of Canada, opens its 200th coffee shop in Mexico

2
The 200th site in Mexico of the restaurant chain of "Always Fresh" coffee may be the perfect symbol of the Canada-Mexico friendship, beloved as it is in both countries.
A greenhouse worker inspects tomato plants in Zacatecas.

Mexican economy contracts 0.8% in the first quarter of the year

0
A sharp decline in the primary sector dragged Mexico's economy down in the first quarter of the year, despite strong growth in the export and tourism industries.
Citibank

With new investors on board, Citigroup advances its disinvestment from Banamex

1
Citigroup's acquisition of the historic Mexican bank Banamex seemed sudden at the time, but its divestiture of its Banamex stake is a slowly unfolding process, that stands today at just short of 49%.
BETA Version - Powered by Perplexity