Mexico's tourism slumps as fuel costs and security fears deter travelers in 2024

Mexico’s tourism sector has faced a challenging start to 2024. Visitor numbers and spending have fallen, while rising fuel costs and security concerns add pressure to the industry. From January to April 2024, Cancún International Airport received 1.68 million international passengers. This marked a 3.8% drop compared to the same period last year. The country also saw 4.69 million US tourists arrive, a 6.1% decrease from 2023.

International visitors spent $13.26 billion in total during these months, a slight 0.4% decline. Air travellers, who make up 82% of tourist spending, contributed $10.84 billion, down 3.4% from the previous year.

Fuel costs have surged, with aviation fuel at Mexico City International Airport rising from 11.65 pesos to 19.30 pesos per litre in a year. The Mexican Federation of Tourism Associations warned that US sanctions and Middle East conflicts are driving these increases, hitting Mexico harder than other nations. Airlines like Aeroméxico, Volaris, and Viva Aerobus have already adjusted routes and frequencies as fuel now accounts for nearly a third of their expenses.

Security issues have also worsened the sector’s struggles. Violence, including incidents on 22 February and 20 April 2024, has damaged Mexico’s image. The US, Canada, and the UK issued travel alerts after the Teotihuacán shootout, further discouraging visitors. The tourism industry now faces lower visitor numbers, reduced spending, and higher operational costs. Security concerns and economic pressures continue to shape travel trends in Mexico. Airlines and tourism bodies are adapting to the changing conditions.