Macroeconomic variables and demand in the Mexican hotel industry, period 2010-2016

Abstract

Purpose: The objective of this research was to determine the impact of the variation of the main macroeconomic variables on the demand of the Mexican hotel sector.

Methodology: Data from companies listed on the Mexican Stock Exchange were analyzed for the years 2010-2016; A multiple regression analysis was used, considering occupied rooms as the dependent variable and the exchange rate, oil price and annual inflation as independent variables.

Results: The main findings show that the variation in the number of occupied rooms-nights is explained by the exchange rate at 67%, while the price of oil explains 45.8%.

Implications: The results imply the impact of the exchange rate on the behavior of the income of this sector, and also show the importance of the price of oil for the sector.

Originality / Value: This study sets the standard for a complete analysis of the sector considering the macroeconomic impacts.