The global travel and tourism industry has long been a bellwether of economic confidence and social stability. Few sectors were more disrupted by COVID-19, and few staged such a remarkable rebound in the years immediately after. By 2022 and 2023, pent-up demand had unleashed record-breaking growth. Luxury resorts were fully booked, international air traffic surged, and high-end segments such as private aviation and celebratory travel weddings, milestone birthdays, and corporate events saw unprecedented expansion. Yet, as we progress through 2025, the industry has entered a new phase of normalization. The extraordinary rebound has tempered, and signs of recalibration are visible across multiple segments. Even the luxury travel market, once seemingly impervious to global volatility, has shown declines compared to 2024 levels, particularly in bookings for holiday seasons and special celebrations. This shift raises important questions about the resilience of demand and the structural changes shaping the sector. Read the rest of the opinion piece following the link.
Very well-written Rodrigo, people sometimes forget that the Covid disruptions had a "long tail" and the new normal for tourism and the hospitality sector is still a bit unsettled. Saludos from the Connecticut shoreline!
Resilience in Mexico has never been about numbers alone it’s cultural. Guests don’t just return for amenities, they return for identity and ritual. That’s the strength no volatility can erase. 💫
Felicidades por el artículo Rodrigo Esponda Cascajares
Gracias por compartir, Rodrigo, muy interesante. Saludos.
Partnerships & Public Relations Manager at Maritur | Luxury Travel & Destination Management
2moThank you for sharing this perspective, Rodrigo Esponda Cascajares At Maritur we see this recalibration as a chance to strengthen resilience and innovation across our industry. Destinations like Los Cabos continue to demonstrate the power of strategic vision in luxury travel, and we are proud to walk alongside FITURCA in this journey.