$63 Million (2023)
$41 Million (Jan-Sept 2024)
38 Million (2023)
2.9 days (2023)
2.5 Million (2023)
Mexico’s GDP growth forecast remains near zero for 2025, with a rebound to 1.9% expected in 2026. US tariffs continue to weigh on manufacturing and investment, while inflation is projected to ease from 3.8% this year to 3.5% in 2026. Banxico is likely to cut rates further, reaching 6.25% by the end of 2026, amid economic slack and stable currency conditions.
On this page:
Competitor Comparison
Air Travel
Economic Indicators
Traveller Characteristics
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $78 Million | $121 Million | $41 Million | $206 Million | $0.5 Billion |
Share of total national expenditure (2023) | 17% | 26% | 9% | 44% | - |
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $135 Million | $245 Million | $63 Million | $281 Million | $0.8 Billion |
Share of total national expenditure | 18% | 33% | 8% | 37% | - |
Indicator | 2023 | 2024 Estimated | 2025 Forecasted | 2026 Forecasted |
|---|---|---|---|---|
GDP - per capita (US$) | $13,804 | $14,095 | $13,126 | $13,410 |
GDP - YoY Growth Rate | 3.3% | 1.2% | 0% | 1.9% |
Exchange Rate (CAD/MXN) (annual average) | $0.076 | $0.075 | N/A | N/A |
Unemployment Rate (annual average) | 2.8% | 2.9% | 3.7% | 3.8% |
Annual inflation | 5.5% | 4.7% | 3.7% | 3.6% |
Top barriers to travel | |
|---|---|
Extreme weather conditions | 37% |
Cost | 33% |
Poor weather | 33% |
Health risks | 25% |
Visa requirements | 20% |
Top 5 trip anchors | Market size |
|---|---|
Natural attractions (e.g. scenic viewpoints, mountains, waterfalls) | 943,008 |
Fine dining | 846,276 |
Historical, archaeological or world heritage sites | 834,999 |
Northern lights | 822,720 |
Nature parks | 751,549 |
Accommodation Booking Channel | |
|---|---|
Online through a travel agent/tour operator | 47% |
Through an online booking engine | 40% |
Booked in-person through travel agent | 39% |
Through accommodation sharing services website | 22% |
Directly with lodging/accommodation establishment | 12% |
Purpose of trip |
|---|
Sources
Statistics Canada, Visitor Travel Survey Data 2024/2023
Global Tourism Research Program (GTRP), Destination Canada
Lodging Aligned Spend Reporting (LASR), Destination Canada, 2024
Oxford Economics
DIIO, Cirium
Bank of Canada
UNWTO: UN Tourism Barometer
Mobile Insights, Near