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Hotels & Motels in Mexico Industry Data and Analysis
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What's included in this industry analysis
IBISWorld's research coverage on the Hotels & Motels industry in Mexico includes market sizing, forecasting, data and analysis from 2009-2024. The most recent publication was released May 2019.
About this industry
What's this industry report about?
The Hotels & Motels industry in Mexico operates under the NAICS industry code 72111MX. The Hotels and Motels industry in Mexico comprises establishments that primarily provide short-term accommodation services to consumers. They provide accommodation through hotels, motels and resort hotels. Some operators in this industry also offer auxiliary services such as restaurants, bars, spas, water parks and more. However, the primary function of any establishment in this industry is short-term accommodation. The main consumers of these services are households. Consumers, both domestic and foreign, travel throughout Mexico for reasons such as tourism, familial visits and education. The industry in Mexico is heavily reliant on international visitors to stay for extended periods, as those consumers typically spend the most on high-end resorts while they stay. Businesses also utilize hotel and motel services for their employees that are traveling for work-related reasons, however, these consumers represent a much smaller share of the industry. This industry does not include temporary accommodations in other services such as campsites, short-term home rentals and long-term timeshares. Related terms covered in the Hotels & Motels industry in Mexico include franchise, nightly rates and revpar.
What's included in this industry?
Products and services covered in Hotels & Motels industry in Mexico include Resorts, Luxury hotels and Mid-scale hotels.
What companies are included in this industry?
Companies covered in the Hotels & Motels industry in Mexico include Grupo Posadas SAB de CV, Grupo Real Turismo SAB de CV and InterContinental Hotels Group plc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Hotels & Motels industry in Mexico.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Hotels & Motels industry in Mexico.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Hotels & Motels industry in Mexico.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Hotels & Motels industry in Mexico. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Hotels & Motels industry in Mexico. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Hotels & Motels industry in Mexico. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Hotels & Motels industry in Mexico. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Hotels & Motels industry in Mexico.
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Frequently Asked Questions
What is the estimated market size of the Hotels & Motels industry in Mexico in 2019?
The market size of the Hotels & Motels industry in Mexico is $141.4bn in 2019.
How many businesses are there in the Hotels & Motels in Mexico industry in 2019?
There are 18,309 businesses in the Hotels & Motels industry in Mexico, which has declined at a CAGR of 1.1% between 2014 and 2019.
Has the Hotels & Motels industry in Mexico grown or declined over the past 5 years?
The market size of the Hotels & Motels industry in Mexico has been at a CAGR of 0.1% between 2014 and 2019.
What is the forecast growth of the Hotels & Motels industry in Mexico over the next 5 years?
The Hotels & Motels in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Hotels & Motels industry in Mexico?
The biggest companies operating in the Hotels & Motels market in Mexico are Grupo Posadas SAB de CV, Grupo Real Turismo SAB de CV and InterContinental Hotels Group plc
What does the Hotels & Motels in Mexico include?
Operating short-term hotels and Operating short-term motels are part of the Hotels & Motels industry.
Which companies have the highest market share in the Hotels & Motels in Mexico?
The company holding the most market share in Mexico is Grupo Posadas SAB de CV.
How many people are/were employed in the Hotels & Motels in Mexico in 2019?
There are 327k employed in the Hotels & Motels industry in Mexico 2019.
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