Foreign tourist arrivals to hotels in Mexico City 2010-2023

In the first half of 2023, Mexico City’s hotels hosted over two million foreign visitors, accounting for nearly two-thirds of the total number in 2022. The tourism sector was severely impacted by the coronavirus (COVID-19) pandemic, leading to a drastic decline in international tourism.

Beach hotels shine in Quintana Roo

In 2022, Mexico received over 38 million international tourists, marking a 20 percent increase compared to the previous year. Notably, when travelers select their destinations, statistics indicate a strong preference for beachfront hotels, resulting in consistently higher room occupancy rates than those found in city hotels. For instance, in 2022, coastal hotels recorded an occupancy rate of roughly 66 percent, 17 percentage points higher than the average for city hotels. Moreover, the state of Quintana Roo boasted the nation's two leading tourist destinations with the highest hotel occupancy rates. Cancún led the way with an occupancy rate of nearly 76 percent, closely followed by the Riviera Maya, which also recorded a similar high occupancy rate.

Key players in Mexico's hotel industry

In 2022, Grupo Vidanta was the leading company in Mexico's hotel industry with 27 billion Mexican pesos in revenue, while Grupo Posadas secured the fourth position with roughly nine billion Mexican pesos. Grupo Posadas managed 189 hotels and 29,152 rooms by year-end, its largest portfolio since 2017, with brands including Fiesta Inn Hoteles, Business Class, One Hotels, and Fiesta Americana Hotels & Resorts. Notably, 35 percent of its hotel rooms operated under the Fiesta Inn Hoteles Business Class brand, and Live Aqua had 1,233 rooms. Grupo Posadas rebounded to pre-pandemic revenue levels, surpassing nine billion Mexican pesos in 2022, reaffirming its prominence in the Latin American hotel industry.