Due to the pandemic, tourism GDP fell three times what the economy in 2020

Keeping air borders open and the strength of the domestic market helped mitigate the sharp decline in the tourism sector last year, when the Covid-20 pandemic began, although it cannot be prevented that tourism GDP lost its share compared to national GDP, going from 8.5% in 2019 to 6.7% during 2020.

In the 2020 Mexico tourism satellite account, published this Wednesday with preliminary data by the National Institute of Statistics and Geography (INEGI), it was reported that “in real terms”, during the past year, the tourism sector presented a fall of 25.4 %, while the total economy in terms of added value decreased 7.9% for the same year ”.

For the institute, the negative figures were mainly due to the closure of accommodation services with a drop of 13.3%, as well as of restaurants, bars and nightclubs with a negative variation of 33.4%, since both economic activities They were considered non-essential by the country’s health authorities and had a total closure.

Based on the distribution of tourism GDP, both activities had a participation of 37.3 and 13.2% last year. The passenger transport service (all means related to tourism), which has a share of 16.1%, also showed a relevant drop: 41.3 percent.

The activity that had the greatest percentage drop last year, compared to the previous one, was that of travel agencies and other reservation services, -51.6%, although its participation in the total sectoral GDP is 0.5 percent, according to with the INEGI figures.

On the labor issue, it was detailed that last year “around two million jobs were generated in the tourism sector, a figure that reflects a decrease of 12.3% compared to 2019. The greatest contribution was registered in the restaurant category, bars and nightclubs with 27.4%; followed by passenger transport with 25.9%, other services with 25.3% and visitor accommodation with 10.2%, among others ”.

Cicotur highlights local consumption

After analyzing the data from the satellite account, the director of the Center for Research and Tourism Competitiveness (Cicotur) Anáhuac, Francisco Madrid, highlighted the behavior of the domestic market, which despite the restrictions showed the strength of the volume it represents.

“A fact that is worth highlighting is that the part of the consumption of inland tourism increased its participation. In 2019 it represented 76.6 and now it is 83.4%, which explains that domestic tourism has defended, due to its size, the sector and cushioned the fall in tourism GDP, which is unprecedented, “he explained.

In contrast, receptive consumption (foreign travelers) went from 16.7 to 12.9 percent. Additionally, outbound tourism consumption also lost strength, going from 6.7 to 3.7 percent last year.

Therefore, of every 100 pesos spent by tourists (internal and receptive) within the country, resident tourists contributed around 87 pesos of said consumption.

According to the director of Cicotur, it is likely that at the end of this year the tourism GDP will represent 7% of the national GDP, but it will still be far from the 8.4% levels that had been shown in the last 12 years prior to the pandemic. .

“The beginning of this year was complicated for the sector and from the summer there were better numbers, so that the tourism GDP will close with a greater participation, which does not avoid losing sight of the fact that the fall in the sector was very deep,” added Madrid .

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Reference-www.eleconomista.com.mx

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