Tuesday, April 1, 2025

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.
Worker with steel construction

Mexico’s steel industry announces US $8.7B in investment

1
With this investment, the National Steel and Iron Industry Chamber (Canacero) expects to fulfill all of Mexico’s steel needs in the next five years.
Walmart in Mexico City

Walmart announces US $6B plan to expand its presence in Mexico

5
In coming years, Walmart plans to open more stores under its Aurrera, Sam’s Club, Walmart Super Center and Walmart Express brands.
A hand holding three Mexican currency bills: the 200 pesos bill, the 100 peso bill and the 50 peso bills

Peso depreciates in response to Trump auto tariffs announcement

0
The depreciation of the peso on Thursday puts the Mexican currency at its weakest position against the U.S. dollar since March 10.