Playa del Carmen Real Estate Market – Hotel Occupancy Increases

Playa del Carmen’s real estate industry is closely interconnected with the area’s tourism industry in many ways, and residents and investors alike gain considerable advantage from strong tourism. That is why it is important that in 2010 there was a significant increase in tourism figures, especially in hotel occupancy.

The Ministry of Tourism of Mexico has reported that in 2010 there was a significant increase in tourist activity throughout the country. Playa del Carmen had one of the most outstanding performances in increasing hotel occupancy, exceeding the figures for 2009 by more than 24 percent!

For all real estate buyers in Playa del Carmen, this increase means that tourism is growing, new hotels will be built, more golf courses, shopping areas, restaurants and bars will open, the famous natural theme parks in the area will expand and will offer even more activities. and, in general, it will increase the quality of life.

For investors there is a specific benefit. Higher hotel occupancy means higher demand for rental condos. Small groups of vacationers (families, small business trips, etc.) often seek large condo units or rental homes as a comfortable and affordable alternative to hotel or resort rates. Greater demand means increased rents and increased return on real estate investment in Playa del Carmen.

Mexico did well, although not as well as Playa del Carmen! The average number of occupied hotel rooms in the 70 tourist poles monitored increased by an average of 9.9 percent, and visitor arrivals by air increased by 14.3 percent.

Other areas that did very well in increasing hotel occupancy during 2009 include Nuevo Vallarta with an increase of more than 33 percent (the only location that surpassed the increase of Playa del Carmen), Acapulco improved by 23 percent , Los Cabos almost 20 percent and Guadalajara approximately 11.5 percent.

The average number of rooms available in 70 destinations was calculated at 325,150, which represents an increase of 3.8% compared to 2009 and 7.2% compared to 2008.

Specific tourist travel “routes” also experienced a significant increase in occupied hotel rooms; “Secrets of the Mayan World” registered an increase of 14.8 percent, “The Magic of Nature and Nature” registered an increase of 12.9 percent, while the culture of wine and aquariums reported an increase of 10.6 percent in comparison with the same period of 2009.

Overall, Playa del Carmen real estate is well positioned to benefit from the growth of tourism in Mexico.

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