Report Published: "Mexico Tourism Report Q4 2014"

BMI believes Mexico's tourist industry is returning to sustained growth, albeit of around 2-3% over the coming years. This is partly due to efforts to diversify away from reliance on US tourism, as well as growing domestic tourism.

Mexico's tourist industry is forecast to rebound in 2014 and 2015 following minimal growth in 2013. We expect inbound tourist arrivals to reach 11.0mn in 2014, before growing by 2.7% in 2015. This positive prognosis is borne out by preliminary data for the first five months of the year from Mexico's Secretaria de Turismo (Sectur), which found that international arrivals rose by 19.2%. Over the same period, tourist expenditure rose by 16.7%, while the hotel occupancy rate reached 57.6%.

Full Report Details at
- http://www.fastmr.com/prod/888127_mexico_tourism_report_q4_2014.aspx?afid=301

At the 39 ^th Tourism Fair in Cancun in May 2014, President Enrique Peña Nieto pledged to invest USD13.8bn in the tourism industry. The president said that these funds would be invested in three main areas. The first would be to upgrade and clean beaches and colonial districts in main tourist destinations, with the aim of boosting the 'Magic Towns' list to 100, from 83 at present. The 'Magic Towns' is a promotion programme highlighting beautiful areas and districts that may not necessarily be on the main tourist routes. The second area will be expanding facilities at historic Meso-American sites, as well building 20 new convention centres. The final areas will be to modernise ports and airports to improve passenger capacity and make them more attractive for visitors.

Key forecasts for Mexico's tourism industry:

* BMI forecasts outbound departures to grow at a higher rate than inbound arrivals in 2014 and 2015. Departures will grow by 7.1% in 2014 and 5.9% in 2015.
* BMI is forecasting strong value in the transport services sector over the forecast period, with receipts for transport services forecast to grow by 12.4% in 2014, to USD0.53bn, and then post double-digit growth to 2018.
* We expect hotels and restaurants industry value to grow by 5.3%...

The Mexico Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Mexico Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Mexican tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for Mexico to test other views - a key input for successful budgetary and planning in the Mexican tourism market.

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