Tourism in CDMX rebounded after the pandemic

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MÉXICO » News » February, 2023 » Tourism in CDMX rebounded after the pandemic

Published by Redacción on February 7, 2023

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The Ministry of Tourism in Mexico City (Sectur) recently released a statistical report, showing that the expenditure made by tourists who stayed in hotels in Mexico City from January to October of last year experienced a 93.7% recovery. This is a contrast to the levels in 2019, which exceeded the projections of reducing the increase in inflation.

According to the report, the reason for this increase in spending is because the tourists who come to Mexico City are staying longer than usual. The peso-dollar exchange rate has remained stable in recent years, making it possible for tourists to stay longer, as there are more large events and tourist attractions in the city. In the tenth month of 2022, the city saw an economic benefit of 88 thousand 309 million pesos, which is less than the 94 thousand 198 million from the same period in 2019.

However, the report also states that there was a higher expenditure of 182% compared to 2021, when the city first began to recover. In 2021, the spill was 48 thousand 531 million pesos. On the other hand, from January to October of 2020, when the pandemic began, the flow of money only reached up to 30 thousand 805 million pesos, and the hotel occupancy was 81.6%.

From March to September of 2022, the monthly occupancy percentage exceeded 50%, and in October it was 70%. This is largely due to the increase in massive events, congresses, and conventions in the city, such as EDC concerts, Live Latino, Justin Beiber, Interpol, Dua Lipa, Rammstein, the LGBT Pride March, and the Mexico City Marathon. Sectur emphasized that these events contributed greatly to the increase in tourist spending and hotel occupancy.

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