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Mexico Hotels Market Size, Share, Trends, Report, Analysis: By Type: Chain Hotels, Independent Hotels; By Star Ranking: 3 Stars and Below, 4 Stars, 5 Stars and Above; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Star Ranking |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico Hotels Market Overview
8.1 Key Industry Highlights
8.2 Mexico Hotels Historical Market (2018-2023)
8.3 Mexico Hotels Market Forecast (2024-2032)
9 Mexico Hotels Market by Type
9.1 Chain Hotels
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Independent Hotels
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Mexico Hotels Market by Star Ranking
10.1 3 Stars and Below
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 4 Stars
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 5 Stars and Above
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Mexico Hotels Market by Region
11.1 Baja California
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Northern Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 The Bajío
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Central Mexico
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pacific Coast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Yucatan Peninsula
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Vidanta
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Hyatt Hotels Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Hoteles City Express SAB de CV
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Grupo Posadas, S.A.B. de C.V
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Grupo Real Turismo, SA de CV
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Playa Management USA, LLC
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Meliá Hotels International, S.A
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 InterContinental Hotels Group Plc
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Marriott International, Inc.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Hilton Worldwide Holdings Inc.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Hotels Market: Key Industry Highlights, 2018 and 2032
2. Mexico Hotels Historical Market: Breakup by Type (USD Million), 2018-2023
3. Mexico Hotels Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Mexico Hotels Historical Market: Breakup by Star Ranking (USD Million), 2018-2023
5. Mexico Hotels Market Forecast: Breakup by Star Ranking (USD Million), 2024-2032
6. Mexico Hotels Historical Market: Breakup by Region (USD Million), 2018-2023
7. Mexico Hotels Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Mexico Hotels Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The different star ratings of hotels considered in the market report are 3 stars and below, 4 stars, and 5 stars and above.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key 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.
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