Driven by an ongoing process of economic opening since the 1990s, Mexico has established a solid macroeconomic base. Structural reforms have improved the country’s trade flows, helped to soften the impact of a gradual slowdown in hydrocarbons production and exports, and enabled manufacturing-led economic diversification and regional integration.
Receiving more than 35m international visitors in 2016 – 2.8m over 2015 – Mexico continues to move up the world tourism league table. The country’s ranking in terms of arrivals in global tourism destinations improved from 10th to ninth position in 2016, according to the UN World Tourism Organisation. A weak peso has boosted margins for...
The global medical tourism industry is dynamic. According to research firm Allied Market Research, the global industry will grow at a compound annual growth rate of 15.7% to reach $143.8bn by 2022.
In addition to beaches and culture, what other areas can be leveraged to boost sector growth?
What steps are being taken to diversify Mexico’s tourist destinations and activities?
As Mexico works to diversify the country’s tourism offering beyond its world-famous resorts, towns such as Real de Catorce highlight the opportunities and challenges facing such a strategy. Real de Catorce is one of Mexico’s 111 Pueblos Mágicos (magical towns), a group of villages identified by the Ministry of Tourism (Secretaría de...
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