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Mexico Sustainable Tourism Market

Track Down Eminent Trends Keeping the Mexico Sustainable Tourism Market Up & Running.

Mexico Sustainable Tourism Market by Tourism Type, Booking Channel, Consumer Orientation, Tourist Type, Tour Type, Age Group & Region - Forecast 2022 - 2032

Mexico Sustainable Tourism Market Outlook (2022-2032)

[324 Pages Report] The Mexico sustainable tourism market is estimated to reach US$ 29.3 Million in 2021. As per the report, sales are forecast to increase at a robust 14.6% CAGR. Total sales of Mexico sustainable tourism market represent 3%-4% of the sustainable tourism market.

Approximately 25 million tourists travelled the world 50 years ago; today, there are 1.18 billion travellers, and by the end of the decade, that number is expected to rise to 1.8 billion. Numerous advantages come from tourism for the local economy, as well as for overall economic growth and job creation.

Indeed, tourism has increased the global GDP by 10%, which is a significant contribution influencing the Mexico sustainable tourism market size. But at the same time, tourism has had a negative impact on the environment, and many regions are in danger of extinction due to climate change.

Attribute

Details

Mexico sustainable tourism market size (2022)

US$29.3 Million

Mexico sustainable tourism market value-based CAGR (2022-2032)

14.6%

Mexico sustainable tourism market top players share in 2021.

2%-6%

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2017-2021 Mexico sustainable tourism market Outlooks Compared to 2022-2032 Forecast

  • Tourism's Potential to Fund Development Remains Elusive, Market Faces Dilemmas.

Tourism’s potential to uphold local and regional development remains mostly unrealized, and the segment faces sustainability and competitiveness challenges. Attention to date has mainly focused on the development of highly concentrated coastal resorts, which in turn is redirected into promotion, demand for Mexico sustainable tourism market, and marketing.

Mexico will need to develop this model to strive in the changing global sustainable tourism marketplace and to spread the economic and social development benefits more extensively boosting the Mexico sustainable tourism market key trends and opportunities.

National tourism policy targets to encourage investment and promote balanced regional development, and economic development, Mexico sustainable tourism market growth, inclusive, and stimulate more productivity.

  • Recommendations for Policy

Policy recommendations emphasize significant areas to help brace Mexico sustainable tourism market future trends and take benefit of Mexico sustainable tourism market opportunities with high potential for economic progress, development, and investment, with a specific focus on the following areas: governance arrangements and policy-making environment; connectivity, transport, and mobility to bring visitors to and around the country; regional and product diversification, inclusive Mexico sustainable tourism market growth and destination development; and SME financing and investment.

However, these factors will lead to a rise in the demand for Mexico sustainable tourism market during the forecast period by a healthy CAGR growth of 14.6%.

What are the Key Drivers of the Mexico sustainable tourism market?

  • Prolific and Distinct Resource Base:

Mexico has strong alternatives for tourism development. Mexico sustainable tourism market enjoys a significant asset base in terms of its built, cultural heritage, and nature which goes beyond its coastal surroundings. The latent to package new and innovative tourism experiences based on this rich and unique resource base is significant.

Looking beyond conventional tourism hubs, this asset base signifies Mexico sustainable tourism market opportunities to consider tourism destination development in new sites which will better upkeep the regional spread of the economic Mexico sustainable tourism market expansions.

  • Sustains Local Employment and Revenue

This in turn better supports local occupations and revenues and opens up new employment and entrepreneurship prospects, especially for women and indigenous populations, as well as offering micro-enterprises with better prospects of opening local supply chains impacting the Mexico sustainable tourism market key trends and opportunities.

A further progressive feature associated with this model of tourism product modification is that around the world, travelers are moving in this direction too.

  • Infrastructural Improvements:

Infrastructure development will be Mexico sustainable tourism market market key trend to achieving a tourism industry profile based on a more diversified portfolio of tourism products, with investment in tourism supporting infrastructure equally as important as a tourist-centric investment.

Ensuring tourism is taken into account in wider infrastructure planning, notably transport and internet connectivity, is required to address the infrastructure deficits currently limiting Mexico sustainable tourism market growth potential along with Mexico sustainable tourism market future trends, particularly in regional areas.

Realizing the tourism infrastructure projects in the National Infrastructure Plan 2014-18 and other programs will also be important escalating the Mexico sustainable tourism market trends. Mechanisms are also needed to develop visitor services, product development, and marketing, and to enhance information provision.

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Why is Diversification Important for Mexican Sustainable Tourism Market?

  • Guaranteeing Regional Economic Gain:

Diversifying the tourism product and securing a greater regional spread of the economic gain associated with tourism will require different policies and support. It will mean greater involvement by government agencies with a more diverse and fragmented Assessment and recommendations of 10 groups of small and micro tourism enterprises boosting the Mexico sustainable tourism market opportunities.

This will require government agencies to develop a new and quicker skill-set focused on the business development needs of small businesses leading to ramping up of Mexico sustainable tourism market future trends.

Most importantly it will require new management and leadership skills that will help overcome the inherent fragmentation in the tourism sector, and also skills that will support small businesses to integrate and cluster, to build some local economic scale influencing the sales of Mexico sustainable tourism.

  • The Tourism Industry's Fragmentation:

The fragmentation of the tourism industry tends to limit the efficacy of centrally planned policy interventions – locally based tourism entities can remain beyond the influence of central government planning.

Such a diversification approach should be complementary to the prevailing sun-sea-sand product, and should not be considered to replace it. This product will remain to be central to Mexico sustainable tourism market offer.

Mexico has a prospect to build on this to develop more diversified, greater-value tourism offers. In the future, tourism development will necessitate two things – a refresh of the existing product, and a focus on Mexico’s considerable asset base to facilitate product diversification, greater inclusivity in terms of tourism employment, and greater regional spread of tourism influencing the Mexico sustainable tourism market trends and forecast.

Country Insight

How are Government Initiatives and Policies Boosting the Sustainable Tourism Industry in Mexico?

Under Mexico’s federal government structure, certain tourism policies, planning, and development activities are under the responsibility of the state and municipal authorities, which play a central role in implementing national tourism policy.

The Sectoral Programme for Tourism 2013 -18 provides the policy framework for state and municipal-level tourism plans and programs. Co-ordination between different levels of government mainly occurs within the context of specific programs and initiatives, notably the Programme for Sustainable Regional Tourism Development and Magic Towns (PRODERMAGICO).

Mexico’s multi-level government structure has implications for the governance of tourism, and the implementation of tourism policy. Strengthening coordination with each level of government, and the private sector, and adopting a more participative and collaborative approach would provide for more effective policy making.

Such horizontal and vertical coordination is legally underpinned by the General Tourism Law 2009 but is challenging to achieve in practice affecting the Mexico sustainable tourism market opportunities.

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Category based Insights

What Tour Type is More Preferred by the tourist?

“Package travel is mostly preferred by the consumer”

Packaged travel is mostly chosen by the tourist because it is cheaper than traveling individually packaged travel includes expenses of accommodations, transportation, sight entrance fee with heavy discount and offers getting influenced by Mexico sustainable tourism market trends and forecasts.

What Type of Booking Channel is the Most Prominent Channel?

“Online Booking is More Preferred by Tourists”

Tourists prefer to book online or use a mobile application platform. This is to provide hassle-free, digital payment transfer, live tracking, and enhanced security. In addition, online booking is becoming an increasingly popular approach worldwide, as travelers can use the Internet to search and compare information about vacation spots, accommodations, restaurants, and more boosting the Mexico sustainable tourism adoption trends .

Which Age Group is more likely to Travel?

“Popularity of Mexico sustainable tourism market among Middle-aged People Will Remain High”

26- 35 age grouped people are more likely to travel and it will remain the same, as the people of this age more like to get attracted and are ready to travel. They want to explore islands, new adventures experiences like scuba diving, water rafting, kayaking, surfing, etc. and visiting popular sites according to destination rating boosting the Mexico sustainable tourism market key trends and opportunities.

Competitive Landscape

Major companies operating in Mexico sustainable tourism market and Latin American government countries are focusing to make the country more sustainable so they are launching new ways to make eco-friendly and sustainable tourism nature in the country.

The only operating pearl farm in the Caribbean is located at Cozumel Pearl Farm. The farm uses environmentally friendly products instead of chemicals because it is concerned with sustainability.

Even the infrastructure is environmentally friendly, with buildings built on stilts out of recycled telephone poles and other locally and sustainably sourced materials. The family-run project, which has been operating since roughly the turn of the century, has extended these sustainable practices to the ocean, where it has implemented "environmentally friendly anchoring systems that are used in all underwater installations today."

Even an "artificial reef for coral gardening" that boosts the economy was concocted. This is because fish are attracted to the area as a result, which increases its appeal to tourists who enjoy fishing, diving, and snorkeling.

Recent Developments

  • In 2019, Frommer's released a guide stating the various travel trends which will shape tourism as a whole.
  • In 2018, SAT Mexico Tours and Travel organized incentive travel named #justdare – BVLGARI with BVULGARY Mexico. The main objective was to show the attributes of a product to the leading fashion influencers in Mexico.

Priority Tourism Programmes

  • Enjoy Mexico: The programme will aim to strengthen the national market and ensure that all Mexicans have the right to appreciate and enjoy their heritage. It will form partnerships with tour operators and national strategic partners to provide low-cost tour packages. Tourism flows will be redirected to emerging and developing destinations, while seasonality in low and shoulder seasons will be improved.
  • Smiles for Mexico: This programme will make tourism accessible to all, with a focus on the most vulnerable segments of the population.
  • The Mayan train: A high-impact project and the sector's largest investment in recent years.
  • Operation Touch Doors: This Program is aimed at diversifying markets and positioning Mexico as a reference destination for international markets, particularly in high-purchase-power niches such as the United States, the United Kingdom, and France.
  • Reunion With My Roots: A programme to attract the Mexican diaspora in North America, with the goal of increasing the number of trips and spending by the Mexican-American population.
  • Sustainable Mexico Reborn: The goal of this programme is to establish Mexico as an international model of best practises by developing a new generation of sustainable tourist routes.

Scope of Report

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Million for Value

Key Region Covered

Latin America

Key Countries Covered

Mexico

Key Segments Covered

Tourism Type, Booking Channel, Consumer Orientation, Tourist Type, Tour Type, Age Group, and Region.

Key Companies Profiled

  • Frommer's
  • EcoColors Tours
  • SAT Mexico Tours and Travel
  • Intrepid Travel
  • G Adventures
  • Project Expedition
  • ROW Sea Kayak Adventures
  • Discover Corps
  • Titan Travel
  • Indus Travels
  • Global Basecamps
  • Exodus Travels
  • Explore
  • Others

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Mexico sustainable tourism market by Category

By Tourism Type, Mexico sustainable tourism market is segmented as:

  • Eco-Tourism
  • Green Tourism
  • Soft Tourism
  • Community Tourism

By Booking Channel, Mexico sustainable tourism market is segmented as:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourism Type, Mexico sustainable tourism market is segmented as:

  • Domestic
  • International

By Tourist Type, Mexico sustainable tourism market is segmented as:

  • Independent Traveller
  • Tour Group
  • Package Traveller

By Consumer Orientation, Mexico sustainable tourism market is segmented as:

  • Men
  • Women

By Age Group, Mexico sustainable tourism market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

Frequently Asked Questions

The Mexico sustainable tourism market size is expected to reach a valuation of US$ 29.3 Million in 2021.

Mexico’s sustainable tourism market grew at a 12.4 % CAGR between 2017 and 2021.

The Mexico sustainable tourism market is 12.4 % CAGR in 2017 -2021 and it is anticipated to expand at a 14.6 % CAGR over the forecast period.

Mexico's sustainable tourism market sales account for 3% to 4% of the global market.

Table of Content

1. Executive Summary

    1.1. Mexico Sustainable Tourism Market Outlook

        1.1.1. Who Is Travelling?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Tourism To GDP

        1.1.4. Direct Contribution of Tourism To Employment

    1.2. Sustainable Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

    2.1. Total Spending (US$ Mn) and Forecast (2022-2032)

    2.2. Number of Tourists (Mn) and Forecast (2022-2032)

    2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

    2.4. Number of Tourists Y-o-Y Growth Projections

3. Sustainable Tourism Industry Analysis

    3.1. Sustainable Tourism Industry Overview

        3.1.1. Sustainable Tourism Industry Contribution to Mexico’s GDP

        3.1.2. Sustainable Tourism Sector Contribution to Mexico’s Overall Employment

        3.1.3. Impact of Covid-19

        3.1.4. Others

4. Mexico Sustainable Tourism Market Dynamics

    4.1. Market Drivers & Opportunities

        4.1.1. The Key Drivers of the Mexico Sustainable Tourism Market

        4.1.2. The diversification important for Mexican sustainable tourism

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Mexico GDP Growth Outlook

        5.1.2. Mexico Industry Value Added

        5.1.3. Consumer Spending Outlook

        5.1.4. Mexico’s Direct contribution of Sustainable Tourism to GDP

        5.1.5. Internet Penetration Rates

        5.1.6. Capital Investment in Sustainable Tourism

    5.2. Forecast Factors - Relevance & Impact

6. Categorizing of Mexico Sustainable Tourism Market, 2021

    6.1. Introduction/ Key Findings

    6.2. Current Market Analysis by Tourist Type

        6.2.1. Domestic

        6.2.2. International

    6.3. Current Market Analysis by Tourism type

        6.3.1. Eco-Tourism

        6.3.2. Green Tourism

        6.3.3. Soft Tourism

        6.3.4. Community Tourism

    6.4. Current Market Analysis by Tour Type

        6.4.1. Independent Traveller

        6.4.2. Tour Group

        6.4.3. Package Traveller

    6.5. Current Market Analysis by Consumer Orientation

        6.5.1. Men

        6.5.2. Women

    6.6. Current Market Analysis by Age Group

        6.6.1. 15-25 Years

        6.6.2. 26-35 Years

        6.6.3. 36-45 Years

        6.6.4. 46-55 Years

        6.6.5. 66-75 Years

    6.7. Current Market Analysis by Booking Channel

        6.7.1. Phone Booking

        6.7.2. Online Booking

        6.7.3. In-Person Booking

7. Social Media Sentimental Analysis

    7.1. Social Media Platforms Preferred

            7.1.1.1. Facebook

            7.1.1.2. YouTube

            7.1.1.3. Instagram

            7.1.1.4. Twitter

            7.1.1.5. LinkedIn

            7.1.1.6. Pinterest

            7.1.1.7. Google+

            7.1.1.8. Others

    7.2. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions

    7.3. Trending #Hashtags

    7.4. Social Media Platform Mentions (% of Total Mentions)

    7.5. Region-Wise Social Media Mentions (% of Total Mentions)

    7.6. Trending Subject Titles

8. Competition Analysis

    8.1. Competition Dashboard

    8.2. Pricing Analysis by Competition

    8.3. Competition Benchmarking

    8.4. Competition Deep Dive

        8.4.1. Frommer's

            8.4.1.1. Overview

            8.4.1.2. Product Portfolio

            8.4.1.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.1.4. Sales Footprint

            8.4.1.5. Strategy Overview

                8.4.1.5.1. Marketing Strategy

                8.4.1.5.2. Product Strategy

                8.4.1.5.3. Channel Strategy

        8.4.2. EcoColors Tours

            8.4.2.1. Overview

            8.4.2.2. Product Portfolio

            8.4.2.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.2.4. Sales Footprint

            8.4.2.5. Strategy Overview

                8.4.2.5.1. Marketing Strategy

                8.4.2.5.2. Product Strategy

                8.4.2.5.3. Channel Strategy

        8.4.3. SAT Mexico Tours and Travel

            8.4.3.1. Overview

            8.4.3.2. Product Portfolio

            8.4.3.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.3.4. Sales Footprint

            8.4.3.5. Strategy Overview

                8.4.3.5.1. Marketing Strategy

                8.4.3.5.2. Product Strategy

                8.4.3.5.3. Channel Strategy

        8.4.4. Intrepid Travel

            8.4.4.1. Overview

            8.4.4.2. Product Portfolio

            8.4.4.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.4.4. Sales Footprint

            8.4.4.5. Strategy Overview

                8.4.4.5.1. Marketing Strategy

                8.4.4.5.2. Product Strategy

                8.4.4.5.3. Channel Strategy

        8.4.5. G Adventures

            8.4.5.1. Overview

            8.4.5.2. Product Portfolio

            8.4.5.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.5.4. Sales Footprint

            8.4.5.5. Strategy Overview

                8.4.5.5.1. Marketing Strategy

                8.4.5.5.2. Product Strategy

                8.4.5.5.3. Channel Strategy

        8.4.6. Project Expedition

            8.4.6.1. Overview

            8.4.6.2. Product Portfolio

            8.4.6.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.6.4. Sales Footprint

            8.4.6.5. Strategy Overview

                8.4.6.5.1. Marketing Strategy

                8.4.6.5.2. Product Strategy

                8.4.6.5.3. Channel Strategy

        8.4.7. ROW Sea Kayak Adventures

            8.4.7.1. Overview

            8.4.7.2. Product Portfolio

            8.4.7.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.7.4. Sales Footprint

            8.4.7.5. Strategy Overview

                8.4.7.5.1. Marketing Strategy

                8.4.7.5.2. Product Strategy

                8.4.7.5.3. Channel Strategy

        8.4.8. Discover Corps

            8.4.8.1. Overview

            8.4.8.2. Product Portfolio

            8.4.8.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.8.4. Sales Footprint

            8.4.8.5. Strategy Overview

                8.4.8.5.1. Marketing Strategy

                8.4.8.5.2. Product Strategy

                8.4.8.5.3. Channel Strategy

        8.4.9. Titan Travel

            8.4.9.1. Overview

            8.4.9.2. Product Portfolio

            8.4.9.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.9.4. Sales Footprint

            8.4.9.5. Strategy Overview

                8.4.9.5.1. Marketing Strategy

                8.4.9.5.2. Product Strategy

                8.4.9.5.3. Channel Strategy

        8.4.10. Indus Travels

            8.4.10.1. Overview

            8.4.10.2. Product Portfolio

            8.4.10.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.10.4. Sales Footprint

            8.4.10.5. Strategy Overview

                8.4.10.5.1. Marketing Strategy

                8.4.10.5.2. Product Strategy

                8.4.10.5.3. Channel Strategy

        8.4.11. Global Basecamps

            8.4.11.1. Overview

            8.4.11.2. Product Portfolio

            8.4.11.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.11.4. Sales Footprint

            8.4.11.5. Strategy Overview

                8.4.11.5.1. Marketing Strategy

                8.4.11.5.2. Product Strategy

                8.4.11.5.3. Channel Strategy

        8.4.12. Exodus Travels

            8.4.12.1. Overview

            8.4.12.2. Product Portfolio

            8.4.12.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.12.4. Sales Footprint

            8.4.12.5. Strategy Overview

                8.4.12.5.1. Marketing Strategy

                8.4.12.5.2. Product Strategy

                8.4.12.5.3. Channel Strategy

        8.4.13. Explore (As per request)

            8.4.13.1. Overview

            8.4.13.2. Product Portfolio

            8.4.13.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.13.4. Sales Footprint

            8.4.13.5. Strategy Overview

                8.4.13.5.1. Marketing Strategy

                8.4.13.5.2. Product Strategy

                8.4.13.5.3. Channel Strategy

9. Assumptions and Acronyms Used

10. Research Methodology

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Mexico Sustainable Tourism Market