mexico hotel industry
With Remarkable Pent-Up Travel Demand, Tourists Are Jet Setting to Mexico
JLL | May 4, 2021
CHICAGO – May 4, 2021 – Mexico is featuring robust market dynamics that suggest strong hospitality and lodging industry recovery amid the pandemic. In JLL’s Hotels & Hospitality Group’s latest Travel and Tourism Update, there are several factors that put Mexico on the map for tourism recovery and increased investor interest. Economic Outlook Being the second largest economy in Latin America and sixth largest emerging market across the globe, almost two-thirds of Mexico’s economic gross added value is generated by the service industry and 16 percent of the country’s GDP is directly impacted by the travel and t...
Mexico: A Story of Steady Recovery
STR | January 7, 2021
Mexico’s hotel industry has been a rather unique case of linear performance recovery. While most countries have seen fluctuations in the metrics, Mexico has been on a steady ascent leading to a November that produced the country’s highest performance levels of the pandemic. The country’s beach destinations, always popular on the international and domestic tourist trails, have been key to that recovery as restrictions on international entry have been limited to the state-level. Timeline The first two months of 2020 produced performance levels much aligned with the comparable months of 2019. In March and April, however, the pande...
STR: Preliminary Mexico Hotel Results for Week Ending 28 March
STR | April 2, 2020
Note: To inform the industry during the COVID-19 pandemic, STR will temporarily publish weekly communication for Mexico based on preliminary data. This preliminary data represents a percentage of STR’s total sample for the region. Once monthly processing is complete, data points will likely appear different. Mexico’s hotel industry showed its sharpest reaction yet in the face of the COVID-19 pandemic with deep year-over-year declines in the three key performance metrics during the week of 22-28 March 2020, according to preliminary data from STR. In comparison with the week of 24-30 March 2019, Mexico hotels reported the following: ...
