Travel Arrangement and Reservation Services

Industry Group (5615)

 2020-Q4: $901B MX, Gross Domestic Product

DENUE-2020: 17,018, Economic units

Jan-Dec 2020: US$19.9M, Foreign Direct Investment

2020-Q4 : $4.48k MX, Average Monthly Salary

2020-Q4 : 33.4k, Workforce

2020-Q4 : 49.3%, Female Workforce

2020-Q4: 40.8, Average Age

In the fourth quarter of 2020 the gross domestic product was $901B MX, 4.12% more than the previous quarter.

In 2019, in Travel Arrangement and Reservation Services the states with the highest number of economic units were Jalisco (965), Ciudad de México (676), and Guanajuato (602). In the same period, the states with the highest added value were Ciudad de México ($6.16B MX), Quintana Roo ($5.47B MX), and Jalisco ($2.93B MX).

In Travel Arrangement and Reservation Services the states with the highest production were Ciudad de México ($12.4B MX), Quintana Roo ($11.7B MX), and Jalisco ($5.41B MX). In the same period, an income were registered and distributed mainly in Ciudad de México ($12.6B MX), Quintana Roo ($12.1B MX), and Jalisco ($5.46B MX).

In 2019, in Travel Arrangement and Reservation Services the states with the highest level of investment in the same period were Quintana Roo ($190M MX), Jalisco ($109M MX), and Nuevo León ($92.3M 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 (0.75), Chihuahua (0.74), Coahuila de Zaragoza (0.71), Baja California (0.69), and Sonora (0.69).

During the fourth quarter of 2020 in Travel Arrangement and Reservation Services the workforce was 33.4k, 50.7% men and 49.3% women. In addition, the average monthly salary informed was $5.94k MX for men and $2.98k MX for women.

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 and the states with the largest workforce were Ciudad de México, Quintana Roo, and Baja California.

The average age of workers in Travel Arrangement and Reservation Services in the fourth quarter of 2020 was 41.6 years in women and 40.1 years in men. In the same period, the average years of schooling in Travel Arrangement and Reservation Services, was 13.9 years in women and 12.2 years in men.

Salaries and Workforce

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Average Monthly Salary 2020-Q4: $4.48k MX

Working population 2020-Q4: 33.4k

In the fourth quarter of 2020, the workforce in Travel Arrangement and Reservation Services it was of 33.4k, 50.7% men with a reported average monthly salary of $5.94k MX and 49.3% women with a salary of $2.98k MX.

Of the total employed population, 79.6% of the total workforce were formal workers with an average monthly salary of $4.55k MX, while he 20.4% corresponds to informal workers with an average salary of $4.22k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2020 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 Ciudad de México, Quintana Roo, and Baja California.

Gross Domestic Product

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Gross domestic product 2020-Q4: $901B MX

Gross Domestic Product 2020: $3.38T 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 fourth quarter of 2020, Administrative and Support and Waste Management and Remediation Services recorded a gross domestic product of $901B MX, evidencing an increase of 4.12% compared to the previous quarter and an increase of 1.23% 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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In 2019, the states with the highest number of economic units were Jalisco (965), Ciudad de México (676), and Guanajuato (602) in Travel Arrangement and Reservation Services. In addition, the states with the highest total gross production were Ciudad de México ($12.4B MX), Quintana Roo ($11.7B MX), and Jalisco ($5.41B MX).

In the same period, total income was $46B MX and the states with the highest income were Ciudad de México ($12.6B MX), Quintana Roo ($12.1B MX), and Jalisco ($5.46B MX). Total investment was $680 MX and the states with the highest investment were N/A. Lastly, Travel Arrangement and Reservation Services registered $21.9B MX of gross census value added and the states with the highest census gross value added were Ciudad de México ($6.16B MX), Quintana Roo ($5.47B MX), and Jalisco ($2.93B 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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In 2014, Travel Arrangement and Reservation Services had a total of 6,235 economic units and the municipalities with the highest number of economic units were Guadalajara (342), Cuauhtémoc (236), and Mérida (226), also pesoMX 18991142193.01939 in total income were registered and municipalities with the highest income were Miguel Hidalgo ($3.61B MX), Benito Juárez ($3.39B MX), and Benito Juárez ($1.45B MX).

In the same period, Travel Arrangement and Reservation Services had $10.4B MX in total expenditures and the municipalities with the highest expenditures were Miguel Hidalgo ($2.69B MX), Benito Juárez ($2.61B MX), and Benito Juárez ($923M MX). On the other hand, in 2014 there were 21739 employees dependent on economic units and the municipalities with the highest number of employees were Miguel Hidalgo (2.75k), Cuauhtémoc (2.31k), and Benito Juárez (1.61k).

* 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 companies according to the number of employees.

In 2020, 15,578 companies with 0-10 employees were registered, evidencing an increase of 7.68% (14,467) compared to the previous year. In the same period, 1,171 companies with 11-50 employees, evidencing an increase of 22.6% (955) compared to the previous year.

In 2020, 160 companies with 51-100 employees were registered, evidencing an increase of 32.2% (121) compared to the previous year. In the same period, 109 companies with more than 101 employees were registered, evidencing an increase of 22.5% (89) compared to the previous year.

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$19.9M, FDI Jan-Dec 2020
  • US$227M, FDI Jan-1999 to Dec-2020

In the period January to December 2020, Foreign Direct Investment from Travel Arrangement and Reservation Services was US$19.9M, distributed in equity Capital (Confidential), reinvestment of earnings (US$0), and inter-company debts (Confidential).

Since January 1999 to December 2020, the accumulated amount of Foreign Direct Investment in Travel Arrangement and Reservation Services was US$227M, distributed in equity Capital (US$260M), reinvestment of earnings (US$34.6M), and inter-company debts (-US$67.8M).

* Some periods have been anonymized so there may be inconsistencies between the graph and the values indicated in the paragraphs.

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Period Jan-Dec 2020: Confidential, Mexico City is the main receiving state

Period Jan-1999 to Dec-2020: US$106M, Mexico City is the main receiving state

From January to December 2020, the states that received the highest Foreign Direct Investment for Travel Arrangement and Reservation Services were Mexico City (Confidential), Guanajuato (Confidential), and Nuevo León (Confidential).

Historically (from January 1999 to December2020) the states that have received the highest Foreign Direct Investment are Mexico City (US$106M), Quintana Roo (US$63.9M), and Baja California Sur (US$29.3M).

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Dec 2020: Argentina, Confidential

Main investing country between Jan-1999 and Dec-2020: United States, US$125M

During January to December de 2020, the main countries of origin of Foreign Direct investment for Travel Arrangement and Reservation Services were Argentina (Confidential), Japan (Confidential), and United States (Confidential).

Historically (from January 1999 to December de 2020) the countries that contributed the most to Foreign Direct Investment were Argentina (Confidential), Japan (Confidential), and United States (Confidential).

Diversification Frontier

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The Affinity-Complexity visualization compares the risk and strategic value of a potential industry's opportunities in a territory. Affinity  is a predictor of the probability that a state increases its market size in an industry. Complexity  is associated with higher levels of income, potential for economic growth, lower levels of inequality and lower emissions.

Specialization and Opportunity

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In 2020, the states with the highest degree of specialization in Travel Arrangement and Reservation Services were Quintana Roo (5.41), Aguascalientes (3.22), and Nuevo León (1.99). 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.

In 2020, the states with the highest degree of development opportunity in Travel Arrangement and Reservation Services according to Relatedness were Sonora (0.69), Sinaloa (0.61), 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 2020-Q4: 40.8

Average Years of Schooling 2020-Q4: 13

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

In fourth quarter of 2020 in Travel Arrangement and Reservation Services, women averaged 41.6 years and 40.1 years for men.

During the same period, the average number of years of schooling in women was 13.9 years and in men 12.2 years.

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