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Due to the COVID-19 pandemic, the tourism revenue in Mexico had decreased by more than ** percent as of September 2020, based on a year-over-year comparison. Meanwhile, the country’s international tourism volume plummeted by nearly ** percent. Consequently, the tourism contribution to the Mexican GDP dropped by more than ** percent in the second quarter of that year. In the 2010s, this sector accounted for over eight percent of the North American country's GDP .

Mexico’s tourism GDP

In the years prior to the COVID-19 pandemic, the tourism sector contributed more than *** trillion Mexican pesos to Mexico’s GDP. Based on exchange rates of December 31, 2019, this amount equaled around ** billion U.S. dollars. Out of the several economic activities related to this sector, accommodation and foodservice stand out as its most important segments, with both accounting for over ** percent of the Mexican tourism GDP. In 2019, there were approximately ** thousand foodservice establishments and ** thousand hotels operating in the Latin American country.

International tourism in Mexico

Mexico is by far the leading tourism destination in Latin America. Its combination of beautiful beaches, authentic cuisine, and indigenous history attracts millions of tourists every year. In 2019, this country welcomed *** times more international visitors than Argentina, which was the second most popular Latin American tourism destination among foreign travelers that year. Mexico is also the country with the highest international tourism receipts in the region.