(MENAFNEditorial)
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=101
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.
* Target business opportunities and risks in the Mexican tourism sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Mexico.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
This contains a synopsis of our forecasts and any changes together with an overview of key trends and developments in the tourism industry and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects new hotel developments and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the tourism sector and within the broader political economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2018 for all key indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
Inbound tourism: Arrivals (‘000) arrivals growth (% y-o-y) arrivals by region growth (% y-o-y) arrivals by country growth (% y-o-y) top 10 countries based on arrivals growth (% y-o-y).
Outbound tourism: Departures (‘000) growth (% y-o-y) departures by regional destination (‘000 and growth % y-o-y).
Travel: Methods of travel for arrivals (Air Ship Rail) (‘000) and (% growth y-o-y) international Tourism receipts for transport (US$bn) (growth % y-o-y) international Tourism receipts for travel items (US$bn) (growth % y-o-y).
Hotels: Hotel industry value (US$bn) (growth % y-o-y) (%GDP) (per capita) (per employee) number of hotels and like establishments (‘000) (growth % y-o-y) total overnight stays (‘000) (growth % y-o-y) length of stay occupancy rate (%) number of hotel rooms (‘000) (growth % y-o-y).
Industry Risk Reward Rankings
BMI’s Tourism Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors (tour operators tourism infrastructure investors financial institutions) in the regional tourism market.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points.
We also have Security Risk Reward Rankings which provide a detailed assessment of possible threats to the country (and by extenuation to the tourism industry) ranging from economic and political upheaval to terrorist attacks and organised crime levels.
Market Overview
This contains a comprehensive overview of the tourism industry in the country its overall value the value of its hotels industry trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country which brands are present in which cities the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database which contain details of projects their value the time frame their current status the companies involved and their estimated completion dates.
Company Profiles
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