ProceduresGovernment

Travel Arrangement and Reservation Services

Industry Group (5615)

 2024-Q1: $266B MX, Gross Domestic Product

DENUE November 2023: 8,606, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $5.9k MX, Average Monthly Salary

2023-Q4 : 152k, Workforce

2023-Q4 : 55.5%, Female Workforce

2023-Q4: 40, Average Age

In the first quarter of 2024 the gross domestic product was $266B MX, 11.1% less than the previous quarter.

According DENUE 2023, Travel Arrangement and Reservation Services registered 8,606 economic units. The states with the highest number of economic units were Jalisco (1,032), Ciudad de México (752), and Guanajuato (652).

According to data from the Economic Census 2019, total gross production was $45.1B MX. The states with the highest total gross production were Ciudad de México ($12.4B MX) and Quintana Roo ($11.7B MX).

For its part, total income reached $46B MX in 2019, being the states with the highest income Ciudad de México ($12.6B MX) and Quintana Roo ($12.1B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Travel Arrangement and Reservation Services the states with the highest affinity were Nuevo León (0.76), Chihuahua (0.75), Coahuila de Zaragoza (0.71), Querétaro (0.69), and Baja California (0.68).

During the fourth quarter of 2023 in Travel Arrangement and Reservation Services the workforce was 152k people, 44.5% men and 55.5% women. In addition, the average monthly salary informed was $5.9k MX.

During the same period, occupations with the highest number of workers in Travel Arrangement and Reservation Services were Workers in Travel Agencies, Directors and Managers of Museums, Theaters and other Cultural and Sports Institutions, and Bus Drivers, Trucks, Taxis and Passenger Cars.

At the state level, the occupied population of Travel Arrangement and Reservation Services was concentrated in List Estado de México,Quintana Roo,Ciudad de México.

The average age of workers in Travel Arrangement and Reservation Services in the fourth quarter of 2023 was 40 years. In the same period, the average schooling of the workforce of Travel Arrangement and Reservation Services, was 13.7 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $5.9k MX

Working population 2023-Q4: 152k

In the fourth quarter of 2023, the workforce in Travel Arrangement and Reservation Services it was of 152k people, 44.5% men with a reported average monthly salary of $8.23k MX and 55.5% women with a salary of $4.03k MX.

Of the total employed population, 71.1% of the total workforce were formal workers with an average monthly salary of $6.07k MX, while he 28.9% corresponds to informal workers with an average salary of $5.48k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2023 the occupations with the highest number of workers were Workers in Travel Agencies, Directors and Managers of Museums, Theaters and other Cultural and Sports Institutions, and Bus Drivers, Trucks, Taxis and Passenger Cars.

At the state level, the workforce of Travel Arrangement and Reservation Services was concentrated on Estado de México, Quintana Roo, and Ciudad de México.

Gross Domestic Product

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Gross domestic product 2024-Q1: $266B MX

Gross Domestic Product 2023: $270B MX

* Data displayed corresponds to the sector Administrative and Support and Waste Management and Remediation Services since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Administrative and Support and Waste Management and Remediation Services recorded a gross domestic product of $266B MX, evidencing a drop of 11.1% compared to the previous quarter and an increase of 1.56% compared to the same period of the previous year.

* Current values, at current prices, base year 2013. Excludes taxes on products.

Production Indicators by State

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According to data from the Economic Census 2019,  7,842 economic units were totaled in Travel Arrangement and Reservation Services, highlighting Jalisco (965), Ciudad de México (676), and Guanajuato (602).

Total gross production was $45.1B MX. The states with the highest total gross production were Ciudad de México ($12.4B MX) and Quintana Roo ($11.7B MX).

Total income reached $46B MX in 2019, being the states with the highest income Ciudad de México ($12.6B MX) and Quintana Roo ($12.1B MX).

* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.

Production Indicators by Municipality

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According to dato from Economic Census 2014, Travel Arrangement and Reservation Services had a total of 14,784 economic units and the municipalities with the highest number of economic units were Guadalajara (1.03k), Cuauhtémoc (708), and Mérida (678)

Total income eached $48.5B MX and the municipalities with the highest income were Miguel Hidalgo ($10.8B MX), Benito Juárez ($10.2B MX), and Benito Juárez ($4.36B MX).

Total expenditures were $31.3B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($8.06B MX), Benito Juárez ($7.84B MX), and Benito Juárez ($2.77B MX).

On the other hand, in 2014 there were 65217 employees dependent on economic units and the municipalities with the highest number of employees were Miguel Hidalgo (8.26k), Cuauhtémoc (6.93k), and Benito Juárez (4.82k).

* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data, also municipalities not shown in the visualization have been anonymized.

Economic Units

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The visualization shows the number of economic units in Travel Arrangement and Reservation Services according to the number of employees.

According to DENUE data published in November 2023, 7,803 companies with 0 to 10 employees were registered (203 companies more than the previous period). In the same period, 651 companies with 11 to 50 employees were registered (23 companies less than the previous period).

100 companies with 51 to 100 employees were registered in 2023 (6 companies more than the previous period). Likewise, 52 companies with more than 101 employees were registered (7 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • Confidential, FDI Jan-Mar 2024
  • US$335M, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Travel Arrangement and Reservation Services was Confidential, distributed in reinvestment of earnings (Confidential), equity Capital (US$0), and inter-company debts (Confidential).

Since January 1999 to March 2024, the accumulated amount of FDI in Travel Arrangement and Reservation Services was US$335M, distributed in equity Capital (US$296M), reinvestment of earnings (US$88.4M), and inter-company debts (-US$49.4M).

* Confidential data is not shown in the chart (see information icon in the section).

Foreign Direct Investment (FDI) by State

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Period Jan-Mar 2024: US$0

Period Jan-1999 to Mar-2024: US$162M, Quintana Roo is the main receiving state

No FDI is recorded in the period January to March, 2024

Historically (from January 1999 to March2024) the states that have received the highest FDI are Quintana Roo (US$162M), Mexico City (US$103M), and Baja California Sur (US$29.3M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Periodo Jan-Mar 2024: ---, US$0

Main investing country between Jan-1999 and Mar-2024: United States, US$125M

No FDI is recorded in the period January to March of 2024.

Historically (from January 1999 to March de 2024) the countries that contributed the most to FDI were United States (Confidential), Argentina (Confidential), and Chile (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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As of May 2021, the states with the highest degree of specialization in Travel Arrangement and Reservation Services were Quintana Roo (5.22), Nuevo León (2.02), and Jalisco (1.79). The degree of specialization is measured using the RCA index, which represents the ratio between the observed and expected establishments of each state for each industry.

The states with the highest degree of development opportunity in Travel Arrangement and Reservation Services according to Relatedness were Sonora (0.67), Sinaloa (0.57), and Colima (0.54). The Relatedness measures the distance between an industry and the current industrial composition in each state. The presented entities register a level of specialization lower than one unit (RCA <1).

Workforce by Schooling Years, Age Range and Gender

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Average Age 2023-Q4: 40

Average Years of Schooling 2023-Q4: 13.7

The visualization shows the workforce of Travel Arrangement and Reservation Services by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Travel Arrangement and Reservation Services the average age for women was 38.9 years and the average schooling was 14 years.

The average age of men in the Travel Arrangement and Reservation Services workforce was 41.3 years, while the average schooling was 13.2 years during fourth quarter of 2023.

* The visualization omits the range of schooling "Not Specified".