Industry Group (5615)
2024-Q2: $289B MX, Gross Domestic Product
DENUE November 2024: 8,465, Economic units
Jan-Sep 2024: US$10.1M, Foreign Direct Investment
2024-Q3 : $7.87k MX, Average Monthly Salary
2024-Q3 : 123k, Workforce
2024-Q3 : 55%, Female Workforce
2024-Q3: 39.7, Average Age
In the second quarter of 2024 the gross domestic product was $289B MX, 8.56% more than the previous quarter.
According DENUE 2024, Travel Arrangement and Reservation Services registered 8,465 economic units. The states with the highest number of economic units were Jalisco (1,076), Michoacán de Ocampo (735), and Guanajuato (696).
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 third quarter of 2024 in Travel Arrangement and Reservation Services the workforce was 123k people, 45% men and 55% women. In addition, the average monthly salary informed was $7.87k 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 Support Workers in Various Administrative Activities.
At the state level, the occupied population of Travel Arrangement and Reservation Services was concentrated in List Ciudad de México,Quintana Roo,Estado de México.
The average age of workers in Travel Arrangement and Reservation Services in the third quarter of 2024 was 39.7 years. In the same period, the average schooling of the workforce of Travel Arrangement and Reservation Services, was 13.9 years.
Average Monthly Salary 2024-Q3: $7.87k MX
Working population 2024-Q3: 123k
In the third quarter of 2024, the workforce in Travel Arrangement and Reservation Services it was of 123k people, 45% men with a reported average monthly salary of $10.8k MX and 55% women with a salary of $5.45k MX.
Of the total employed population, 69.4% of the total workforce were formal workers with an average monthly salary of $8.05k MX, while he 30.6% corresponds to informal workers with an average salary of $7.45k MX.
In the third quarter of 2024 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 Support Workers in Various Administrative Activities.
At the state level, the workforce of Travel Arrangement and Reservation Services was concentrated on Ciudad de México, Quintana Roo, and Estado de México.
Gross domestic product 2024-Q2: $289B 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 second quarter of 2024, Administrative and Support and Waste Management and Remediation Services recorded a gross domestic product of $289B MX, evidencing an increase of 8.56% compared to the previous quarter and an increase of 13.4% compared to the same period of the previous year.
* Current values, at current prices, base year 2013. Excludes taxes on products.
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.
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.
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 2024, 7,847 companies with 0 to 10 employees were registered (49 companies more than the previous period). In the same period, 508 companies with 11 to 50 employees were registered (135 companies less than the previous period).
63 companies with 51 to 100 employees were registered in 2024 (7 companies less than the previous period). Likewise, 47 companies with more than 101 employees were registered (3 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to September 2024, FDI from Travel Arrangement and Reservation Services was US$10.1M, distributed in reinvestment of earnings (Confidential), inter-company debts (US$1.21M), and equity Capital (US$15.7k).
Since January 1999 to September 2024, the accumulated amount of FDI in Travel Arrangement and Reservation Services was US$338M, distributed in equity Capital (US$296M), reinvestment of earnings (US$90.9M), and inter-company debts (-US$49.2M).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Sep 2024: US$0
Period Jan-1999 to Sep-2024: US$165M, Quintana Roo is the main receiving state
No FDI is recorded in the period January to September, 2024
Historically (from January 1999 to September2024) the states that have received the highest FDI are Quintana Roo (US$165M), Mexico City (US$103M), and Baja California Sur (US$29.3M).
* Information download does not contain confidential data.
Periodo Jan-Sep 2024: ---, US$0
Main investing country between Jan-1999 and Sep-2024: United States, US$127M
No FDI is recorded in the period January to September of 2024.
Historically (from January 1999 to September de 2024) the countries that contributed the most to FDI were United States (Confidential), Panama (Confidential), and Spain (Confidential).
* Information download does not contain confidential data.
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).
Average Age 2024-Q3: 39.7
Average Years of Schooling 2024-Q3: 13.9
The visualization shows the workforce of Travel Arrangement and Reservation Services by age group and years of schooling, comparing men and women.
In the third quarter of 2024 in Travel Arrangement and Reservation Services the average age for women was 37.9 years and the average schooling was 14.4 years.
The average age of men in the Travel Arrangement and Reservation Services workforce was 42 years, while the average schooling was 13.3 years during third quarter of 2024.
* The visualization omits the range of schooling "Not Specified".