Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 0.1% over the past five years, to reach an estimated $141.4bn in 2019.
Trends and Insights
- The Mexican government has worked to continually promote tourism within the country, enabling the industry to rebound
- Additional trends and insights available with purchase
Biggest companies in the Hotels & Motels in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Grupo Posadas SAB de CV | ||||
Grupo Real Turismo SAB de CV | ||||
InterContinental Hotels Group plc |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Resorts, Luxury hotels and Mid-scale hotels. Resorts is the largest segment of the Hotels & Motels in Mexico.
Trends and Insights
Mid-scale hotels represent the largest share of industry revenue at 51.2%.
- These hotels have generally affordable nightly rates, making them ideal for travelers on a budget while providing an elevated level of service.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Operating short-term hotelsOperating short-term motelsOperating short-term resort hotelsResortsLuxury hotelsMid-scale hotelsMotels and economy hotelsCompanies
Grupo Posadas SAB de CVGrupo Real Turismo SAB de CVInterContinental Hotels Group plcPurchase this report to view all 5 major companies in this industry.
Related Terms
FRANCHISENIGHTLY RATESREVPARIndustry Code
NAICS 72111MX - Hotels & Motels in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Number of International Tourists in Mexico. The number of international tourists in Mexico directly affects demand for industry services. International tourists will almost al...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Mid-scale hotels represent the largest share of industry revenue at 51.2%. These hotels have generally affordable nightly rates, making them ideal for travelers on a budget wh...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Business locations for the Hotels and Motels industry in Mexico are primarily distributed by population and tourism destinations such as large cities and coastal regions with ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Maintenance of excellent customer relations. Competition in the Hotels and Motels industry in Mexico is high, especially among hotels with similar services and amenities. This...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Grupo Posadas SAB de CV (Posadas) was founded in 1970 when the company opened its first hotel in Mexico. Since then, the company has grown substantially into a large hotel con...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Grupo Posadas SAB de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Grupo Real Turismo SAB de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of InterContinental Hotels Group plc's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Grupo Posadas SAB de CV, and factors influencing its performance in the industry
- Description and key data for Grupo Real Turismo SAB de CV, and factors influencing its performance in the industry
- Description and key data for InterContinental Hotels Group plc, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Hotels and Motels industry in Mexico is subject to a variety of laws in regulations from its national and local governments. These regulations can vary depending on the ki...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
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 market 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.
Widen your competitive advantage with related industries
Related Domestic Industries
- Establishments in this industry provide food and beverage services to consumers, including tourists and visitors.
- Establishments in this industry offer alternative recreations activities, including other tourism activities.
Methodology
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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