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Mexico reports slight improvement of its tourist industry

Mexico, Feb 21 (Prensa Latina) Mexico’s tourism gross domestic product in the third quarter of 2020 advanced 26.7 percent over the previous period, though 34.2 percent below the same quarter of 2019, the National Institute of Statistics and Geography (Inegi) reported. Inegi pointed out that the numbers from July to September last year improved thanks to the 22.3 percent growth compared to the previous three months in services, that is, transportation, lodging and restaurants, among others. The report noted that the production of goods in the tourism sector also increased 45.7 percent compared to the second quarter. However, it contracted 28.5 percent compared to July, August and September 2019.
Domestic tourism consumption advanced 31.6 percent versus the April-June 2020 period, while compared to the third quarter of a year ago, suffering a 36 percent contraction. Despite having experienced a significant recovery with respect to the previous quarter, in year-on-year comparison, the deep fall in tourism GDP in the third quarter shows the seriousness of the situation that this Mexican sector continues to face, said the Center for Research and Competitiveness of the Universidad Anáhuac.

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