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LatinNews Daily - 16 December 2021
In brief: New report shows pandemic impact on Mexico’s tourism sector
* Mexico’s national statistics institute (Inegi) has released a new report which shows that Mexico’s tourism sector accounted for 6.7% of national GDP in 2020 (equivalent to M$1.48trn/US$70.4bn), down from 8.5% of GDP in 2019. This marks a contraction of 25.4% in real terms. The decrease was mainly due to effects of the coronavirus (Covid-19) pandemic, including a fall in tourist numbers and closure of services including accommodation, with a drop of 13.3%, as well as restaurants, bars and nightclubs, with a decrease of 33.4%. The tourism sector generated around 2m jobs in 2020, a decrease of 12.3% compared to 2019. Mexico’s tourism sector has bounced back in 2021, although still falling well short of pre-pandemic levels.
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