Long Weekend Anticipated to Generate Over 33 Billion Pesos in Mexican Tourism Revenue

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MÉXICO » News » November 2023 » Long Weekend Anticipated to Generate Over 33 Billion Pesos in Mexican Tourism Revenue

Published by Agencia de Noticias RTV on November 18, 2023

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In an official statement, Miguel Torruco Marqués, the Secretary of Tourism for the Government of Mexico, has forecasted a significant economic impact during the upcoming long weekend from November 17 to 20, 2023. The celebration of the Anniversary of the Mexican Revolution is expected to contribute 33,628 million pesos to the country’s tourism sector.

Torruco Marqués highlighted that this particular long weekend aligns with the 13th edition of Buen Fin, an event organized by the commerce sector. He emphasized that the expected income from lodging alone is projected to reach three thousand 95 million pesos.

Projections indicate a national hotel occupancy rate of 68.1%, marking a 2.9 percentage point increase compared to the same period in 2022 and a 0.2 percentage point rise from 2019. Anticipated arrivals at hotels are set to reach 1 million 896 thousand tourists, reflecting a 4.4% increase from 2022 and a 1.5% rise from 2019.

Torruco Marqués detailed that 2 million 197 thousand more national tourists are expected to stay in alternative accommodations, such as visiting family and friends or second homes. Additionally, 319 thousand tourists, both national and foreign, are projected to opt for shared economy accommodation during this long weekend.

Selected destinations are expected to experience high occupancy rates, with Nuevo Nayarit, Puerto Vallarta, and Los Cabos leading at 86.3%, 86.1%, and 85.5%, respectively. These destinations collectively represent 42.5% of the total rooms in the centers monitored in the DataTur system.

The Secretary of Tourism also underlined the expected sales from the trade sector during Buen Fin, estimated at 141 billion pesos, according to the Confederation of National Chambers of Commerce, Services, and Tourism (Concanaco-Servytur).

Torruco Marqués attributed the surge in tourist arrivals to the success of the current administration’s tourism policy, led by President Andrés Manuel López Obrador, in leveraging tourism as a tool for social reconciliation. He assured travelers of continuous support through services like the General Directorate of Tourist Services Ángeles Verdes, providing mechanical assistance and tourist advice, and the Geointelligence Center, ensuring timely assistance to travelers 365 days a year.

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