ProceduresGovernment

Travel Arrangement and Reservation Services

Industry Group (5615)

 2022-Q2: $266B MX, Gross Domestic Product

DENUE May 2022: 8,438, Economic units

Jan-Jun 2022: US$9.41M, Foreign Direct Investment

2022-Q2 : $5.82k MX, Average Monthly Salary

2022-Q2 : 57.3k, Workforce

2022-Q2 : 53.4%, Female Workforce

2022-Q2: 39.9, Average Age

In the second quarter of 2022 the gross domestic product was $266B MX, 3.76% more than the previous quarter.

According DENUE 2022, Travel Arrangement and Reservation Services registered 8,438 economic units. The states with the highest number of economic units were Jalisco (1,026), Ciudad de México (729), and Guanajuato (644).

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 second quarter of 2022 in Travel Arrangement and Reservation Services the workforce was 57.3k people, 46.6% men and 53.4% women. In addition, the average monthly salary informed was $5.82k MX.

During the same period, occupations with the highest number of workers in Travel Arrangement and Reservation Services were Workers in Travel Agencies, Supervisors of Workers who Provide and Manage Information, 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 Quintana Roo,Ciudad de México,Estado de México.

The average age of workers in Travel Arrangement and Reservation Services in the second quarter of 2022 was 39.9 years. In the same period, the average schooling of the workforce of Travel Arrangement and Reservation Services, was 13.5 years.

Salaries and Workforce

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Average Monthly Salary 2022-Q2: $5.82k MX

Working population 2022-Q2: 57.3k

In the second quarter of 2022, the workforce in Travel Arrangement and Reservation Services it was of 57.3k people, 46.6% men with a reported average monthly salary of $6.3k MX and 53.4% women with a salary of $5.39k MX.

Of the total employed population, 71.6% of the total workforce were formal workers with an average monthly salary of $6.44k MX, while he 28.4% corresponds to informal workers with an average salary of $4.25k MX.

Salaries and Workforce by Occupations and States

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In the second quarter of 2022 the occupations with the highest number of workers were Workers in Travel Agencies, Supervisors of Workers who Provide and Manage Information, and Bus Drivers, Trucks, Taxis and Passenger Cars.

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

Gross Domestic Product

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Gross domestic product 2022-Q2: $266B MX

Gross Domestic Product 2021: $644B 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 2022, Administrative and Support and Waste Management and Remediation Services recorded a gross domestic product of $266B MX, evidencing an increase of 3.76% compared to the previous quarter and a drop of 71.1% 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 4,928 economic units and the municipalities with the highest number of economic units were Guadalajara (342), Cuauhtémoc (236), and Mérida (226)

Total income eached $16.2B MX and the municipalities with the highest income were Miguel Hidalgo ($3.61B MX), Benito Juárez ($3.39B MX), and Benito Juárez ($1.45B MX).

Total expenditures were $10.4B MX 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.

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 May 2022, 7,658 companies with 0 to 10 employees were registered (5 companies more than the previous period). In the same period, 626 companies with 11 to 50 employees were registered (3 companies less than the previous period).

94 companies with 51 to 100 employees were registered in 2022 (equal number of companies as the previous period). Likewise, 60 companies with more than 101 employees were registered (3 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$9.41M, FDI Jan-Jun 2022
  • US$259M, FDI Jan-1999 to Jun-2022

In the period January to June 2022, FDI from Travel Arrangement and Reservation Services was US$9.41M, distributed in inter-company debts (Confidential), equity Capital (US$2.99M), and reinvestment of earnings (US$0).

Since January 1999 to June 2022, the accumulated amount of FDI in Travel Arrangement and Reservation Services was US$259M, distributed in equity Capital (US$281M), reinvestment of earnings (US$34.6M), and inter-company debts (-US$57.5M).

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

* Due to the confidentiality of the data, the annual breakdown by type of investment does not show inter-company debts and reinvestment of earnings.

Foreign Direct Investment (FDI) by State

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Period Jan-Jun 2022: Confidential, Quintana Roo is the main receiving state

Period Jan-1999 to Jun-2022: US$111M, Mexico City is the main receiving state

From January to June 2022, the states that received the highest FDI for Travel Arrangement and Reservation Services were Quintana Roo (Confidential), Jalisco (Confidential), and Mexico City (US$2.75M).

Historically (from January 1999 to June2022) the states that have received the highest FDI are Mexico City (US$111M), Quintana Roo (US$79.2M), and Baja California Sur (US$29.3M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Jun 2022: United States, Confidential

Main investing country between Jan-1999 and Jun-2022: United States, US$131M

During January to June de 2022, the main countries of origin of FDI for Travel Arrangement and Reservation Services were United States (Confidential), Netherlands (Confidential), and Colombia (Confidential).

Historically (from January 1999 to June de 2022) the countries that contributed the most to FDI were United States (Confidential), Netherlands (Confidential), and Colombia (Confidential).

* Information download does not contain confidential data.

Workforce by Schooling Years, Age Range and Gender

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Average Age 2022-Q2: 39.9

Average Years of Schooling 2022-Q2: 13.5

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

In the second quarter of 2022 in Travel Arrangement and Reservation Services the average age for women was 38.7 years and the average schooling was 14.3 years.

The average age of men in the Travel Arrangement and Reservation Services workforce was 41.2 years, while the average schooling was 12.7 years during second quarter of 2022.

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