Global Travel Advisors Can Plan a Cheaper Trip to Mexico as the Mexican Peso Devalues to its Lowest Level in Two Years

Thursday, August 8, 2024

The Mexican peso has reached its lowest point in two years, offering global travel advisors a unique chance for cost-effective vacations.

This currency drop has enhanced the buying power of the tourist, making hotels, dining, and shopping more affordable.

Mexico, a favorite destination for American travelers, provides a variety of experiences, from the bustling streets of Mexico City to the serene beaches of Cancun and the historic ruins of Chichen Itza.

With the peso at an all-time low, now is the perfect time to explore this fascinating country on a budget.

International visitors spent a record high of US $30.8 billion in Mexico in 2023, marking a 10% increase compared to 2022 and a 25.4% spike compared to 2019, the final year before the COVID-19 pandemic. Federal Tourism Minister Miguel Torruco reported these figures, highlighting the significant growth in tourism revenue. The Tourism Ministry (Sectur) also published data showing that 75.02 million international visitors came to Mexico last year, a 13.7% increase from 2022, though still 23% short of the 2019 total.

The recent devaluation of the Mexican peso presents an unprecedented opportunity for global travelers to explore Mexico’s top hotels and resorts at more affordable rates, further driving growth in the tourism sector. Global travel advisors are now keenly eyeing the Mexican market, anticipating even greater figures in the coming years. This economic shift enhances the purchasing power of foreign currencies, making high-end accommodations more accessible.

Maximizing Your Savings

Global tourists can take advantage of the peso’s devaluation with a few strategies. Booking hotels and flights early can lock in the best prices.

Traveling during shoulder seasons like spring or fall can also help save money.

Choosing all-inclusive resorts can make budgeting easier and offer great value.

Citizens from 66 countries, including all Schengen Area countries, can visit Mexico visa-free. This policy simplifies travel plans and enhances accessibility. Coupled with the devalued peso, Mexico becomes an even more attractive and affordable destination for global travelers.

Must-see Attractions in Mexico:

With the Mexican peso at its lowest level in two years, global travelers can explore Mexico City, a high-octane megalopolis with old-school cantinas, intriguing museums, inspired dining, and boating along ancient canals, without breaking the bank.

Palacio Nacional
Centro Histórico, Mexico City, Mexico, North America
The Palacio Nacional (National Palace) is the seat of the federal branch of the Mexican government, housing the offices of the president and the Federal Treasury. It also contains the renowned Biblioteca Miguel Lerdo de Tejada, with walls adorned in stunning murals. Visitors flock to see the exquisite artworks by Diego Rivera, one of Mexico’s most famous artists.

Museo Frida Kahlo
Coyoacán & San Ángel, Mexico City, Mexico, North America
Frida Kahlo’s Casa Azul (Blue House), now a museum, is a must-visit. Travelers can gain a deeper understanding of the painter and pick up unique souvenirs. Arrive early to avoid crowds, especially on weekends, and book tickets online to skip the queue.

Torre Latinoamericana
Centro Histórico, Mexico City, Mexico, North America
Constructed in 1956, the Torre Latinoamericana was once Latin America’s tallest building and remains a focal point of Centro Histórico. It’s an iconic part of the Mexico City skyline and a handy landmark for navigating downtown.

Museo Casa Estudio Diego Rivera y Frida Kahlo
Coyoacán & San Ángel, Mexico City, Mexico, North America
Designed by Juan O’Gorman, this museum was home to Frida Kahlo and Diego Rivera from 1934 to 1940. Rivera’s studio, filled with art tools and papier-mâché figures, is preserved, while Kahlo’s house hosts temporary exhibits.

Museo Casa de León Trotsky
Coyoacán & San Ángel, Mexico City, Mexico, North America
The Trotsky home, now a museum, remains as it was when Stalin’s agent assassinated him. Memorabilia and biographical notes are displayed, and a tomb with a hammer and sickle engraving contains Trotsky’s ashes.

Templo Mayor
Centro Histórico, Mexico City, Mexico, North America
The Aztec ‘Great Temple’ Teocalli of Tenochtitlán, which once stood on the site of the cathedral, was rediscovered in 1978. The excavation of Templo Mayor, following the discovery of an 8-tonne stone-disc carving, offers a glimpse into Mexico’s rich history.

Hotels in Mexico:

With the Mexican peso at its lowest level in two years, now is the perfect time for global travelers to explore Mexico’s top hotels and resorts at more affordable rates. Whether you’re seeking luxurious beachfront stays or culturally rich urban experiences, the devaluation of the peso makes high-end accommodations more accessible. Here’s a look at some of the best options:

Secrets Maroma Beach Riviera Cancun
An adults-only, all-inclusive resort, Secrets Maroma Beach Riviera Cancun is renowned for its luxurious suites, gourmet dining, and variety of activities. Guests can enjoy 13 outdoor pools, tennis, beach volleyball, and water sports like kayaking and snorkeling. The resort also offers a world-class spa. With the Mexican peso at a historic low, this high-end experience is more affordable for global travelers​ .

Atelier Playa Mujeres
Atelier Playa Mujeres, a luxurious adults-only resort, features contemporary suites, diverse dining options across 13 restaurants, and exclusive amenities such as the NUUP Spa® and a rooftop infinity pool. Activities include golf, snorkeling, water sports, and nightly entertainment. The weakened peso makes this high-end experience more accessible for global visitors​ .

Secrets Akumal Riviera Maya
Located in the heart of the Riviera Maya, Secrets Akumal is an adults-only resort known for its beautiful beaches and proximity to the Akumal reef, ideal for snorkeling. The resort offers luxurious accommodations, six restaurants, and numerous activities, making it an affordable yet premium destination due to the devaluation of the peso..

Hotel Xcaret México
Hotel Xcaret México provides a unique all-inclusive experience, including access to multiple eco-parks and tours. The resort features stunning architecture, cultural activities, and natural surroundings. Guests enjoy free access and transportation to the Xcaret parks, including Xplor and Xenses, and activities like paddleboarding and kayaking on the hotel’s rivers. With the peso’s devaluation, international travelers can explore this exceptional destination affordably​.

Live Aqua Beach Resort Cancun
Live Aqua Beach Resort Cancun is an adults-only, all-inclusive resort known for its luxurious accommodations, diverse dining options, and serene beach atmosphere. The resort offers numerous activities such as yoga, beach soccer, and live music performances. The beach is spacious and beautiful, with plenty of loungers and minimal rocks. With the Mexican peso currently weak, this resort provides a high-end experience at a more affordable price for global travelers.

The Mexican peso’s two-year low creates a prime opportunity for global travelers to explore Mexico’s top hotels and resorts at reduced costs. Enhanced tourist purchasing power makes luxury accommodations and experiences more budget-friendly. Mexico’s tourism revenue hit a record $30.8 billion in 2023, a 10% increase from 2022. With 75.02 million international visitors last year, global travel advisors are keenly focusing on Mexico, anticipating further growth.