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Between January and July 2024, Mexico City’s hotels hosted over * foreign visitors, accounting for a little over **** the number recorded in the previous year. In 2023, the number of international hotel guests in the Mexican capital surpassed ** for the first time in history.

Beach hotels shine in Quintana Roo

In 2022, Mexico received over international tourists, marking a ** percent increase compared to the previous year. Notably, when travelers select their destinations, statistics indicate a strong preference for beachfront hotels, resulting in consistently higher room occupancy rates than those found in city hotels. For instance, in 2022, coastal hotels recorded an occupancy rate of roughly ** percent, ** percentage points higher than the average for city hotels. Moreover, the state of Quintana Roo boasted the nation's *** leading tourist destinations with the highest hotel occupancy rates. Cancún led the way with an occupancy rate of nearly ** percent, closely followed by the Riviera Maya, which also recorded a similar high occupancy rate.

Key players in Mexico's hotel industry

In 2022, Grupo Vidanta was the leading company in Mexico's hotel industry with ** billion Mexican pesos in revenue, while Grupo Posadas secured the fourth position with roughly **** billion Mexican pesos. Grupo Posadas managed*** hotels and * rooms by year-end, its largest portfolio since 2017, with brands including Fiesta Inn Hoteles, Business Class, One Hotels, and Fiesta Americana Hotels & Resorts. Notably, ** percent of its hotel rooms operated under the Fiesta Inn Hoteles Business Class brand, and Live Aqua had rooms. Grupo Posadas rebounded to pre-pandemic revenue levels, surpassing **** billion Mexican pesos in 2022, reaffirming its prominence in the Latin American hotel industry.