Mexico Hotels Market Report and Forecast 2024-2032

Mexico Hotels Market Outlook

The Mexico hotels market size is projected to grow at a CAGR of 5.1% between 2024 and 2032. The market is being driven by the robust growth of the tourism sector in the country.

Key Takeaways:

• International visitor footfall towards Mexico recorded an y-o-y growth of 19.3 % in 2022.

• By star rating, hotels rated 5 stars and above are expected to become increasingly popular.

• Increasing focus on customer satisfaction is expected to propel the market growth.

Driven by a high traveller footprint from neighbouring countries, the demand for luxury hotels in Mexico has witnessed significant growth. This is one of the key Mexico hotels market trends. To attract the younger generation towards premium room offerings and provide a wholesome living experience, major market players are incorporating sustainable practices in hotel construction and design. This includes minimising plastic usage and cutting down on water consumption and practices that cause land disturbance. The provision of various wellness services, including yoga, massages, and spas in hotels is also an attractive offering for consumers, which is expected to drive the Mexico hotels market growth.

The provision of personalised services and individualised décor provided by boutique hotels have made them an increasingly attractive option for travellers to stay. Boutique hotels are small in size and they provide traditional and local Mexican cuisines. This enables travellers to enjoy an authentic cultural experience and learn historic details from the guided tours provided by some hotels, which is likely to drive the Mexico hotels market expansion in the coming years.

Increasing investments by major market players in the construction of new resorts and hotels in Baja California and other regions is expected to attract more tourists and leverage the market growth.

Market Segmentation

Mexico Hotels Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Chain Hotels

• Independent Hotels

Market Breakup by Star Ranking 

• 3 Stars and Below

• 4 Stars

• 5 Stars and Above 

Market Breakup by Region

• Baja California

• Northern Mexico

• The Bajío

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

The major Mexico hotels market players are Vidanta, Hyatt Hotels Corporation, Hoteles City Express SAB de CV, Grupo Posadas, S.A.B. de C.V, Grupo Real Turismo, SA de CV, Playa Management USA, LLC, Meliá Hotels International, S.A, InterContinental Hotels Group Plc, Marriott International, Inc., and Hilton Worldwide Holdings Inc., among others.

Key Highlights of the Report