Mexico’s tourism progress faces obstacles

Significance

It has slipped back down since, amid tough competition as global tourism recovers from the impacts of the COVID-19 pandemic. Heavy investment in 'Maya Train’, at the expense of tourism promotion, and ongoing security concerns are probably weighing down Mexico’s competitiveness.

Impacts

• The strong peso does not seem to have arrested international tourism, but it may encourage Mexicans to travel more abroad.
• The government’s drive to finish flagship projects may result in a greater-than-planned fiscal deficit in 2024.
• The damage caused by Hurricane Otis could hinder Acapulco’s tourism industry for years.