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US Tourism to Mexico Drops 5% in First Quarter

Strategic Insights

— 1 min read

The number of US visitors to Mexico decreased by 5% in the first quarter of 2004 compared to the same period last year. This decline is attributed to the limited time and financial resources available to US travelers. According to the Travel Industry Association of America, the Traveler Sentiment Index, which measures consumer sentiment towards pleasure travel, dropped to 97.4 points in the second quarter, down from 102.7 points in the previous quarter. The increased cost of flying, due to higher turbosine prices, contributed to the decline.

Key Takeaways:

  • The number of US visitors to Mexico decreased by 5% in the first quarter of 2004 compared to the same period last year.
  • Limited time and financial resources are the primary reasons for the decline in US tourism to Mexico.
  • The Traveler Sentiment Index, conducted by the Travel Industry Association of America, decreased to 97.4 points in the second quarter, down from 102.7 points in the previous quarter.
  • The index's decline is attributed to the increased cost of flying, which rose by 3-6% due to higher turbosine prices.
  • A strong recovery and increased tourism activity are expected in the latter part of the year.
  • The Secretariat of Tourism acknowledged that US vacationers still want to travel but are unable to do so due to economic or time restrictions.

Statistics:

  • Number of US visitors to Mexico decreased by 5% in the first quarter of 2004 (year-over-year).
  • Traveler Sentiment Index decreased from 102.7 points to 97.4 points in the second quarter.
  • Cost of flying increased by 3-6% due to higher turbosine prices.
  • Period of reference: First quarter of 2004.

Sources:

  • Notimex/Corporate Mexico
  • Internet Securities, Inc.
  • COMTEX News (http://www.comtexnews.com)
  • Travel Industry Association of America (TIA) website
  • Secretariat of Tourism

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