Mexico Hospitality Market Size & Outlook, 2025-2033
Mexico Hospitality Market Insights
- Based on Deep Market Insights findings, the Mexico Hospitality Market reached USD 98.99 Billion in 2024 and is estimated to attain USD 153.11 Billion by 2033.
- From 2025 to 2033, the Mexico market is expected to grow at a steady CAGR of 4.91%.
- Within the Service Type category, Accommodation dominated in 2024 in terms of market size contribution.
- Over the forecast period, Accommodation is forecasted to deliver the fastest growth, positioning it as the most lucrative Service Type segment.
![Mexico Hospitality Market Size, Share & Growth Report By [2033]](https://deepmarketinsights.com/uploads/charts/mexico-hospitality-market-mexico-service-type-44796.png)
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- Mexico accounted for 1.86% of the global Hospitality Market size in 2024.
- By 2033, United States is expected to remain the top global market in terms of size.
- Within LATAM, Brazil is forecasted to dominate the regional Hospitality Market size by 2033.
- Chile will be the fastest-growing market in LATAM, projected to achieve USD 29.43 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 98.99 Billion |
| Market Size In 2033 | USD 153.11 Billion |
| Largest segment | Accommodation |
| Units | Revenue in USD Billion |
| CAGR | 4.91% (2025-2033) |
| Segmnetation Covered | |
| Service Type |
|
| Ownership |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico Hospitality Market Service Type 2025-2033 (USD Billion)
| Service Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accommodation | XX.x | XX.x | XX.x | 53.66 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Food & Beverage | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Travel Services | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Mexico Hospitality Market Ownership 2025-2033 (USD Billion)
| Ownership | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chain | XX.x | XX.x | XX.x | 56.1 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Independent | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.