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LUXURY HOSPITALITY IN MEXICO.
Outlook &
Opportunities.
It is the nation’s 4 star – and above – hotels that are proving to be the most popular choices when it comes to the accommodation
preferences of tourists, with such hotels being advertised at higher rates than those throughout the U.S. and Canada.
For example, in the month of December of 2021 – when many countries around the world were not even open for tourists – Mexico saw
the average price of their 4 star (and above) hotel rooms being advertised at around $280.
| SOCIAL INDICATOR | TREND |
|---|---|
| Poverty headcount ratio at $2.15 a day (2017 PPP) (% of population) | 3.1 |
| Life expectancy at birth, total (years) | 75 |
| Population, total 130,262,220 | 130,262,220 |
| Population growth (annual %) | 1.0 |
| Net migration | -300,000 |
| Human Capital Index (HCI) (scale 0-1) | 0.6 |
| ECONOMIC INDICATOR | TREND |
|---|---|
| GDP (current US$) | 1.29 (2021 trillion) |
| GDP per capita (current US$) | 9,926.4 |
| GDP growth (annual %) | 4.8 |
| Unemployment, total (% of total labor force) (modeled ILO estimate) | 4.4 |
| Inflation, consumer prices (annual %) | 5.7 |
| Personal remittances, received (% of GDP) | 3.9 |
This figure outweighed the average price of the equivalent standard of hotel room in the U.S., during the same time, by more than $100 – with the United States seeing their average price of a night at a 4 star (and above) hotel being sold for $160. The accommodation choices for tourists visiting Mexico are also proving to be significantly higher in cost compared to pre-pandemic times – with STR sales executive Rico Louwe
recently confirming that “hotels are charging much more than in 2019”.
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