Accommodation
Subsector (721)
2024-Q2: $778B MX, Gross Domestic Product
DENUE May 2024: 26,293, Economic units
Jan-Jun 2024: US$329M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $778B MX, 2.32% more than the previous quarter.
According DENUE 2024, Accommodation registered 26,293 economic units. The states with the highest number of economic units were Veracruz de Ignacio de la Llave (2,105), Jalisco (1,823), and Oaxaca (1,815).
According to data from the Economic Census 2019, total gross production was $234B MX. The states with the highest total gross production were Quintana Roo ($77B MX) and Ciudad de México ($25B MX).
For its part, total income reached $239B MX in 2019, being the states with the highest income Quintana Roo ($80.2B MX) and Ciudad de México ($25.3B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Accommodation the states with the highest affinity were Sonora (0.78), Chihuahua (0.71), Baja California Sur (0.69), Colima (0.69), and Sinaloa (0.68).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $778B MX
Gross Domestic Product 2023: $754B MX
* Data displayed corresponds to the sector Accommodation and Food Services since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Accommodation and Food Services recorded a gross domestic product of $778B MX, evidencing an increase of 2.32% compared to the previous quarter and an increase of 2.59% 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
#permalink to sectionAccording to data from the Economic Census 2019, 24,865 economic units were totaled in Accommodation, highlighting Veracruz de Ignacio de la Llave (1,988), Jalisco (1,721), and Oaxaca (1,721).
Total gross production was $234B MX. The states with the highest total gross production were Quintana Roo ($77B MX) and Ciudad de México ($25B MX).
Total income reached $239B MX in 2019, being the states with the highest income Quintana Roo ($80.2B MX) and Ciudad de México ($25.3B 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
#permalink to sectionAccording to dato from Economic Census 2014, Accommodation had a total of 67,719 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (1.38k), Acapulco de Juárez (1.28k), and Oaxaca de Juárez (1.02k)
Total income eached $322B MX and the municipalities with the highest income were Benito Juárez ($47.9B MX), Solidaridad ($38.7B MX), and Los Cabos ($25.6B MX).
Total expenditures were $223B MX and the municipalities with the highest expenditures were Benito Juárez ($33.8B MX), Solidaridad ($28.8B MX), and Los Cabos ($18.2B MX).
On the other hand, in 2014 there were 662610 employees dependent on economic units and the municipalities with the highest number of employees were Benito Juárez (36.9k), Solidaridad (26.7k), and Cuauhtémoc (22k).
* 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
#permalink to sectionThe visualization shows the number of economic units in Accommodation according to the number of employees.
According to DENUE data published in May 2024, 20,532 companies with 0 to 10 employees were registered (56 companies less than the previous period). In the same period, 4,397 companies with 11 to 50 employees were registered (33 companies less than the previous period).
593 companies with 51 to 100 employees were registered in 2024 (16 companies less than the previous period). Likewise, 771 companies with more than 101 employees were registered (14 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$329M, FDI Jan-Jun 2024
- US$27.4B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Accommodation was US$329M, distributed in equity Capital (US$325M), reinvestment of earnings (US$25.8M), and inter-company debts (-US$21.3M).
Since January 1999 to June 2024, the accumulated amount of FDI in Accommodation was US$27.4B, distributed in equity Capital (US$23.9B), reinvestment of earnings (US$1.8B), and inter-company debts (US$1.68B).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$9.06B, Baja California Sur is the main receiving state
No FDI is recorded in the period January to June, 2024
Historically (from January 1999 to June2024) the states that have received the highest FDI are Baja California Sur (US$9.06B), Quintana Roo (US$6.25B), and Nayarit (US$2.49B).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: United States, US$16.6B
No FDI is recorded in the period January to June of 2024.
Historically (from January 1999 to June de 2024) the countries that contributed the most to FDI were United States (US$206M), Spain (US$45.9M), and Canada (US$33.5M).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Accommodation were Quintana Roo (4.25), Nayarit (2.57), and Chiapas (1.61). 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 Accommodation according to Relatedness were Sinaloa (0.68), Coahuila de Zaragoza (0.67), and Nuevo León (0.65). 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).
Financing
#permalink to sectionAccess to Financing
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units according to size that had access to financing was 9.02% units with up to 10 people, 14.9% units with 11 to 50 people, 19.5% units with 51 to 250 people, and 20.6% units with 251 and more people.
According to the age of the economic units, the distribution of those that obtained financing was 13.9% of the recently created (up to 2 years) units, 10.8% of the youth (3 to 5 years) units, 9.96% of the adults (6 to 10 years) units, and 10.1% of the seniors (over 10 years) units.
The states with the highest percentage of economic units that received financing were Querétaro (17.1%), San Luis Potosí (15%), Sinaloa (14.9%), Colima (14.7%), and Campeche (14.1%).
Sources and Uses of Financing
#permalink to sectionThe visualization shows the percentage of economic units according to size or age according to the sources of financing or the uses they gave to the financing received.
In the chart, each level corresponds to a size or age of the company depending on the option selected in the upper button. The darker the box, the higher the percentage of economic units that are in that category.
Access to Bank Account and Credit
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had a bank account was 42.5% units with up to 10 people, 89.9% units with 11 to 50 people, 98.4% units with 51 to 250 people, and 98.6% units with 251 and more people.
The states with the highest percentage of economic units that had a bank account were Ciudad de México (84%), Baja California Sur (81%), Querétaro (74.2%), Quintana Roo (74.2%), and Nuevo León (70.6%).
The same information can be viewed for the economic units that had bank credit by changing the option selected in the upper button.
Reasons for not Having Credit or Bank Account
#permalink to sectionThe visualization shows the percentage of economic units classified by size according to reasons for not having a bank account or credit.
In the chart, each level corresponds to a company size, the darker the box, the greater the percentage of economic units that are in that category. The categories represent the reasons why the companies did not have a bank account or credit, depending on the option selected in the upper button.
Information Technologies
#permalink to sectionInternet Usage by State
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Accommodation subsector that had internet services.
According to data from the Economic Census 2019, the states with the highest percentage of economic units that had internet services were Querétaro (78.4%), Ciudad de México (77.7%), Quintana Roo (77.5%), Baja California Sur (76.8%), and Aguascalientes (67.7%).
Availability of Internet Service and Computing
#permalink to sectionThe visualization shows the distribution of companies that had internet services or computer services according to the size or age of the economic units, depending on the options selected in the upper buttons.
According to data from the Economic Census 2019, the Accommodation subsector had 53.5% of economic units that had internet services and 56% of economic units that had computer services. The disaggregation by size or age of the units can be analyzed in the visualization.
Internet Use in Companies
#permalink to sectionThe visualization shows where the economic units are concentrated depending on the use they make of the internet, according to the size or age of the company.
According to the size of the company, the economic units of 251 and more people that use the internet in banking and financial operations (95.4%) stand out in percentage terms.
According to the age of the company, recently created (up to 2 years) economic units that use the internet for search information for goods or services (83.9%) stand out.
Business Management
#permalink to sectionInternet Purchases and Sales
#permalink to sectionThe visualization shows the distribution of purchases and sales over the Internet and the distribution of monetary transactions according to the medium used in the transaction and the size of the companies.
According to data from the 2019 Economic Census, internet sales reached $83.1B MX and purchases were $34.4B MX. On the other hand, sales made in monetary transactions were $234B MX and purchases reached $131B MX.
Problems faced by economic units
#permalink to sectionThe chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units of Accommodation with up to 10 workers are public insecurity (24.7%), high expenses in service payments (21.4%), high taxes (11.2%), and low demand for goods or services (10.4%).
Accounting System
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 81.9% units with up to 10 people, 98.6% units with 11 to 50 people, 99.6% units with 51 to 250 people, and 100% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were Ciudad de México (95.2%), Quintana Roo (94.1%), Baja California (93.6%), Querétaro (93.2%), and Baja California Sur (92.7%).
Expenditure and Income Control Mechanisms
#permalink to sectionThe chart shows the percentage of companies by size that used different mechanisms to control expenses and income in their operations.
According to data from the Economic Census 2019, the main expenses and income control mechanisms were external accounting system (62.1%) in companies with up to 10 people, external accounting system (50.2%) in companies with 11 to 50 people, internally developed accounting system (68.1%) in companies with 51 to 250 people, and internally developed accounting system (78.5%) in companies with 251 and more people.
Monetary Transactions
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Accommodation subsector according to the amount of income from the supply of goods and services.
According to data from the Economic Census 2019, the states with the highest income from the supply of goods and services were list Quintana Roo ($77.1B MX),Ciudad de México ($25B MX),Baja California Sur ($20.2B MX),Jalisco ($16.6B MX),Nayarit ($11.1B MX).
With the upper selector it is possible to see the distribution of expenses for consumption of goods and services, in addition to the amounts of purchases or sales over the internet.
Science, Innovation and Technology
#permalink to sectionInnovation in Large Companies in Recent Years
#permalink to sectionThe visualizations shows the percentage distribution of the large economic units of the private and parastatal sector of Accommodation with innovation activities in at least one year between 2016 and 2018.
According to data from the Economic Census 2019, the states with the highest percentage of large economic units with innovation activities in 2016, 2017 or 2018 were Campeche (12.5%), Chihuahua (11.2%), Aguascalientes (10.7%), Guanajuato (10.1%), and Quintana Roo (9.96%).
Innovation Activities in 2018
#permalink to sectionAccording to data from the Economic Census 2019, 6.55% of the large economic units of the private and parastatal sector of Accommodation had innovation activities in 2018.
Of the total staff employed in large economic units, 5.93% was employed in product innovation activities, 2.38% in process innovation, 2.72% in market innovation, 3.46% in organizational innovation, and 1.63% in innovation for technological adaptation and documentation.
Qualified staff in Innovation Activities
#permalink to sectionThe visualization shows the distribution of large economic units of the private and parastatal sector of Accommodation that employed qualified staff in technological research and development activities in 2016, 2017 and 2018.
According to data from the Economic Census 2019, the lowercase Accommodation Subsector had 211 economic units that had qualified staff in technological research and development activities, 37 economic units had it for research and technological development in the field of Biotechnology and 17 economic units for research and technological development in Nanotechnology.
In the same year, 69 economic units had qualified personnel in the registration or processing of patents for brands, products or processes, and 618 economic units had this type of staff to contracts or acquisition of patents for brands, products or processes.