Domestic spending buoyed strong growth in the tourism sector this summer
Domestic spending buoyed strong growth in the tourism sector this summer The new data shows that the overall 5.8% growth in tourism GDP results from a 7% year-on-year increase in tourism services provided and a 1% rise in tourism goods sold. (Elizabeth Ruiz/Cuartoscuro) New data from the national statistics agency (INEGI) shows Mexico’s tourism sector continues to grow in 2024, a trend that has been unabated since the economic recovery from the COVID-19 pandemic began in 2021. The data reveals that second-quarter economic growth in the tourism sector reached 5.8% compared to last year. The data indicates that spending by Mexican tourists rose 2.6% while spending by foreign tourists in Mexico dipped by 2.5%. (Cuartoscuro) On Thursday, INEGI released its report on Quarterly Tourism Activity Indicators for this year’s second quarter. The new data shows that the overall 5.8% growth in tourism GDP results from a 7% year-on-year increase [...]