August International Tourism to Puerto Vallarta Falls; First Sign of a Weaker Dollar Against the Peso?

September 7, 2023
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Despite surpassing the milestone of 4.7 million passengers after August, the Puerto Vallarta International Airport reported a decrease in international tourist arrivals compared to the previous year.

According to the preliminary figures released by Grupo Aeroportuario del Pacífico (GAP), while its 12 Mexican airports recorded an overall increase in passenger traffic by 14.3% in August 2023 compared to the same month in 2022, the volume of international passengers arriving at Puerto Vallarta showed a decline.

Is this the first sign of a weakening dollar against the peso, giving less buying power to American tourists in Mexico?

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