The locals’ guide to Mexico City

With a total population of around 22.5 million, Mexico City, or CDMX, is one of the largest and fastest-growing cities in the world. Its lively culture, rich history and striking architecture have made it a popular destination, and the city’s growing luxury scene is also set to be a draw.

This year, restaurants like Pujol, Rosetta and Em earned their first Michelin stars as part of Mexico’s inaugural Michelin Guide. In addition, the city welcomed new luxury hotels and experiences, including the five-star Alexander Hotel Mexico City, which opened in July, and Soho House Mexico City, the members-only club’s first Latin America outpost.

What is more noticeable, however, is the emerging retail market. According to previous Glossy reporting, the region’s retail industry is expected to grow by around 9% annually over the next four years. Luxury, more specifically, is projected to generate a revenue of $3.17 billion in 2024. In the last two years, British footwear brand Kurt Geiger, French fashion house Zadig & Voltaire and French jewelry brand Van Cleef & Arpels have all opened stores in CDMX. Dior, meanwhile, opened its fifth store and first men’s shop-in-shop in the affluent Polanco neighborhood in April.

But the resulting influx of tourists and expats is a double-edged sword, some say. The increased foot traffic has stimulated the city’s economy, making some richer while inadvertently pushing others out. The complicated relationship between residents and visitors, however, hasn’t slowed the city’s luxury moment.

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