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New Mexico tourism brings in $7 billion

Sep. 1—Tourism in New Mexico has continued to grow, generating billions of dollars, according to a new report by tourism research company Longwoods International.

More than 40 million visitors took trips in the Land of Enchantment in 2022. All those travelers meant a lot of spending. Total expenditures for New Mexico's 2022 domestic travel market were $7.6 billion, up 16% from the previous year. The number of visitors was up almost 5%.

The report shows strong interest in cultural and outdoor activities.

"We're 20 points higher than the U.S. norm when it comes to people participating in cultural activities," said Victoria Gregg, research director for the New Mexico Tourism Department.

Based on the report, it appears that New Mexico's leisure travel market has recovered from the pandemic, as there was more leisure travel in 2022 than in 2019, Gregg said. While business travel is still below 2019 levels, it's grown from the previous year.

"When the pandemic started, something that stuck out to us is that leisure travel might rebound quicker ... so seeing a boost in business travel is a positive sign to us as a state, especially for places that rely on it a little more than others," said Cody Johnson, the Tourism Department's communications director.

Business travel typically takes longer to plan than leisure travel, said Gregg, which is likely playing a role in the slower rebound. For instance, organizing a convention can take a year or longer.

Where do travelers spend money in New Mexico?

Overnight travelers spent $5.3 billion in 2022, up 18% from the previous year.

Much of that money went to lodging and food.

Overnight visitors spent nearly $2 billion on lodging, up 26% from the previous year, and $1 billion on restaurant food and beverages, up 11% from the previous year. Travelers also spent $824 million on retail purchases, $799 million on transportation at their destination and $584 million on recreation and entertainment.

On average, overnight travelers spent $315 per person per trip.

The top 10 activities and experiences for overnight travelers were shopping, sightseeing, visiting a landmark or historic site, a museum, a national or state park, attending a celebration, going to a casino, visiting a Native American community, going to a bar or nightclub, and going to an art gallery.

Souvenir shopping made up 50% of visitor shopping during a trip, compared to the U.S. norm of 41%, while convenience or grocery shopping was 49%, followed in popularity by outlet or mall shopping, big box stores, boutique shopping and antiquing.