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In December, 3.3 million dollars of foreign currency entered from tourism, according to INEGI

Credits: Cuartoscuro

In December 2023, Foreign exchange earnings from total visitor spending amounted to $3,396.8 million, representing an increase of 11.5 percent compared to the same month of 2022, according to data from the National Institute of statistics and geography (National Institute of Statistics and Geography).INEGI).

In the International Traveler Survey (IVS) which incorporates surveys of domestic tourists and cross-border travelers, show that total tourism spending continued its upward trend in December for the third consecutive year, exceeding $3,046.6 million in 2022 and $2,531 million in 2021 .

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For the whole of 2023, total foreign tourism revenues in Mexico amounted to $29,997.3 million, an increase of 7.03 percent more compared to 2022, according to figures from the National Institute of Statistics and Geography (INEGI).

About, Gabriela Sillerdirector of Economic Analysis of Banco Base, highlighted that tourism revenues increased “in 2023, an expenditure of 30 billion dollars was reported, showing an increase of 7.03 percent compared to 2022 and 22, 03 percent compared to 2019.”

However, he explained that “taking into account the variation in the exchange rate and the price level according to National Consumer Price Index (INPC)real spending in pesos increased by 14.75 percent during the year, but compared to 2019, it decreased by 1.45 percent.

Regarding foreign visitors, INEGI specifies that 7 million 868 thousand 699 foreign visitors arrived in the country, 9.1 percent more than what was reported in the last month of 2022, i.e. 7 million 213 thousand 351 tourists and almost more than 32 percent (compared to 2023) to tourists in 2021 where 5 million 964 thousand 153 travelers were registered.

Looking at the entire year 2023, the tourist arrival would amount to a total of 74.4 million visitors, which means a growth of 12.76 percent more compared to 2022 , but it is 23.60 percent lower than that recorded in 2019.

In this sense, in her analysis of the EVI, Gabriela Siller highlighted that “the reason why the number of international visitors has failed to return to pre-pandemic levels is due to the entry of day-trippers (those who travel to Mexico but do not travel). stay even once). night) international. Well, in 2019, 52.4 million backpackers entered Mexico, while in 2023 that figure was 32.9 million, implying a decrease of 32.25 percent.

And he specifies that “this could be due to the appreciation of the peso against the dollarhigh inflation in the service sector and public insecurity in Mexico.

Source: El Heraldo De Mexico



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