Mexico: Food Service - Hotel Restaurant Institutional
Link to report:
Mexico maintains its position as the 15th largest economy in the world and the second largest economy in Latin America, though it experienced no economic growth in 2019. The 2019 average exchange was $19.21 MXP, and Mexico imported $6.1 billion in processed food products from the United States. Milk was the most imported, followed by beef and pork products. Likewise, Mexico exported $22.2 billion in processed foods to the United States. The largest categories of exports to the United States were beer, avocados, tomatoes, chili peppers and beef. The key players in the HRI sector in Mexico are Alsea ( 18 casual eating brands), FEMSA – OXXO (19,558 convenience stores), CMR (12 brands), IHG (12 brands), Marriott International (14 brands), Hyatt Group (7 brands) and Hilton Hotels (7 brands). Nevertheless, independent restaurants and hotels (as well as non-traditional formats like Airbnb) are worth mentioning as visitors tend to like having a “local” experience when they travel for pleasure.
