The Mexican Market Report provides an insight of the current state of the Mexican economy, the tourism sector, and the evolution of variables that have a tangible influence on the hotel investment market amidst the COVID-19 pandemic. During 2019 Mexico was ranked number 7 worldwide for the number of international tourists (OMT). Tourism accounted for an 8.7% share of the Mexican GDP in 2018.

Horwath HTL Mexico experts diagnose the short/medium-term direction the market can be expected to take, including:

  • Industry performance, KPIs and tendencies before the COVID-19 outbreak
  • Responses and measures hotel-chains, owners and operators are taking as well as challenges presented for each sector of the tourism demand.

Key Findings:

  • The behavior of Dollar-Mexican peso parity could result in a relevant competitiveness gain for the region.
  • The tourism sector will not return to 2019 levels until the end of 2022. The Mexican GDP will likely experience a fall of 8.3% for the 2020 period.
  • There are no concrete countercyclical policies that incentivize a faster recuperation of the tourism industry.

About Horwath HTL

Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.

For more information, please visit www.horwathhtl.com.

Stephanie Henley
Horwath