Initial Assessment of the Impact of the SARS-CoV-19 on Tourism in Mexico

Abstract

The main objectives of this document were to evaluate the impact of SARS-CoV-19 on the tourism industry and infer the share of tourism GDP in Mexico's national GDP. Information from the input-output matrix and the tourism satellite account was used. Results show that, when all tourism disappears, the Gross Domestic Product (GDP) decreases by 8.98%. By simulating a probable scenario of recovery of tourist activity for the year 2021 of 25%, the tourism GDP increases by 9% and for a scenario of 50%, GDP rises to 12%. It is suggested to project recovery plans in the local hotel and restaurant industries. The originality consisted in building a tourism input-output matrix based on data and information from the tourism satellite account. The main limitation is that we only worked with data from 2013, the most recent published by INEGI. It is recommended to replicate the study for tourism activity not only in GDP but also in employment and wages.