Today: Monday, 1 March 2021 year

Mexico reports slight improvement in its tourist industry

Mexico reports slight improvement in its tourist industry

Mexico’s Institute of Statistics and Geography (INEGI) reports on the slight improvement of its touristic sector, Prensa Latina has reported.

Mexico’s national tourism gross domestic product (GDP) in the third quarter of 2020 advanced 26.7 percent over the previous period, though 34.2 percent below the same quarter of 2019. According to the INEGI experts, the numbers from July to September last year improved thanks to the 22.3 percent growth compared to the previous three months in services. Among them are transportation, lodging, cafes and restaurants.

Over the year, business tourism faced difficulties due to the delay and cancellation of many annual events. For instance, the Mexican travel trade show Tianguis is set to be staged in September 2021 after COVID-19 forced this year’s event to go digital.

According to Mexico tourism minister Miguel Torruco Marques, INEGI report showed that the production of goods in the tourism sector also increased 45.7 percent compared to the second quarter.

Due to the pandemic, the deep fall in tourism GDP in the third quarter shows the seriousness of the situation that this Mexican sector continues to face. The tourism officials say that after analysing the calendar of international trade events, the main tourist fairs and trade events in the country of the first half of 2021 have been postponed. Meantime, many events have changed their format, like ITB in Berlin, which will take place but in digital format.