Mexico's tourism increased by 2.2 per cent in the fourth quarter of 2014 compared with the same period of the previous year, the National Institute for Geography and Statistics says.
Spending by domestic and foreign tourists was up two per cent over the comparable span of 2013, the institute said in a statement.
Outlays by domestic travellers increased 0.7 per cent, while foreign visitors spent 6.6 per cent more, the report said.
The 29.1 million foreign visitors Mexico received last year generated revenues of nearly $US16.26 billion ($A20.38 billion), a 20.5 per cent increase over 2013.
Tourism has become Mexico's third-largest source of revenue, after oil exports and remittances from expats working in the United States.