IMARC Group has recently released a new research study titled “Mexico Business Travel Market Size, Share, Trends and Forecast by Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, and Region, 2025-2033” which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico business travel market size reached USD 16.5 Billion in 2024 and is projected to reach USD 29.1 Billion by 2033, growing at a CAGR of 6.50% during 2025-2033. This growth is propelled by strong U.S.-Mexico trade ties, increasing foreign direct investment, nearshoring trends, infrastructure development, and a resurgence in corporate meetings and exhibitions. Improved connectivity, rising regional air travel demand, and government support for business tourism are also key expansion drivers. 

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Mexico Business Travel Market Key Takeaways

• Current Market Size: USD 16.5 Billion in 2024
• CAGR: 6.50% (2025-2033)
• Forecast Period: 2025-2033
• Nearshoring has increased corporate travel between industrial hubs like Monterrey, Querétaro, and Tijuana, boosting short-haul flights and ground transport demand.
• Hospitality groups are catering to business travelers with services like flexible check-ins and multilingual concierge.
• Marriott International launched Business Access by Marriott Bonvoy for SMEs in July 2024, simplifying corporate bookings and rewarding loyalty.
• Digital transformation with AI and mobile-first solutions is enhancing traveler experience and operational efficiency.
• Companies like BCD Travel Mexico are growing over 10% annually by adopting personalized, tech-driven travel solutions.

Sample Request Link: https://www.imarcgroup.com/mexico-business-travel-market/requestsample

Mexico Business Travel Market Growth Factors

The Mexico business travel market is strongly driven by the robust U.S.-Mexico trade relations and the increasing foreign direct investments fostering corporate activities. The nearshoring trend has led multinational corporations to relocate manufacturing and logistics closer to North America, intensifying regional corporate mobility especially across industrial hubs such as Monterrey, Querétaro, and Tijuana. This relocation boosts demand for short-haul flights, intercity rail, and executive ground transport, contributing significantly to market expansion.

Infrastructure development and government initiatives have further bolstered the market. Investments in infrastructure upgrades and business parks by regional governments are facilitating smoother corporate travel flows. Additionally, the resurgence of corporate meetings, exhibitions, and events post-pandemic supports incremental growth in business travel demand. Government backing for business tourism and improvements in connectivity play critical roles in strengthening the regional travel ecosystem.

Technology integration is reshaping the business travel landscape with the adoption of AI-powered booking tools, real-time itinerary management apps, and mobile-first digital platforms. Airlines, hotels, and ground transport providers are increasingly embedding expense tracking, loyalty program management, and remote check-ins into their services. Companies like BCD Travel Mexico exemplify this trend by leveraging personalized, data-driven tools such as TripSource, DecisionSource, and AI-based identity management, leading to over 10% annual growth and elevating traveler satisfaction and operational efficiency.

Mexico Business Travel Market Segmentation

Type Insights:

• Managed Business Travel: Corporate travel organized through formal management systems.
• Unmanaged Business Travel: Business travel conducted without centralized coordination.

Purpose Type Insights:

• Marketing: Travel for promotional and marketing activities.
• Internal Meetings: Trips for meetings within an organization.
• Trade Shows: Attendance at exhibitions promoting products or services.
• Product Launch: Travel related to launching new products.
• Others: Additional business travel purposes not specified.

Expenditure Insights:

• Travel Fare: Costs related to transportation fare.
• Lodging: Accommodation expenses.
• Dining: Food and beverage costs during travel.
• Others: Miscellaneous expenditures.

Age Group Insights:

• Travelers Below 40 Years: Business travelers under 40 years old.
• Travelers Above 40 Years: Business travelers over 40 years old.

Service Type Insights:

• Transportation: Services related to travel and transit.
• Food and Lodging: Hospitality services including meals and stays.
• Recreational Activities: Leisure activities for travelers.
• Others: Additional service types.

Travel Type Insights:

• Group Travel: Business travel in group settings.
• Solo Travel: Individual business travel.

End User Insights:

• Government: Travel conducted by government agencies.
• Corporate: Travel undertaken by private sector companies.
• Others: Other types of business travel end users.

Regional Insights

The report covers major regional markets within Mexico, including Northern Mexico, Central Mexico, Southern Mexico, and others. The source does not specify which region is dominant or provide exact market share or CAGR figures by region.

Ask an Analyst: https://www.imarcgroup.com/request?type=report&id=33541&flag=C

Recent Developments & News

In April 2025, Brazil-based B2B travel tech firm Onfly secured USD 40 Million in Series B funding to expand its AI-driven platform in Mexico and Latin America. Onfly has a 110% CAGR, expects USD 250 Million GMV by 2025, and aims to onboard 2,500 Mexican enterprises by 2027. Also in April 2025, Corporate Travel Management (CTM) added VB Group Mexico to its Global Partner Network, enhancing corporate travel and destination services across Mexico and Spain, with VB Group specializing in corporate travel services.

Key Players

• Marriott International
• BCD Travel Mexico
• Onfly
• Corporate Travel Management (CTM)
• VB Group Mexico

Customization Note:

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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