Tourism remains one of the most important sectors of the Mexican economy. According to CNN/Expansion last year there were 31 million foreign visitors, and an estimated 17,000 million USD revenue just for Cancun and the Riviera Maya.
Playa del Carmen and Tulum were recently named the fastest growing cities in the world; with world renowned beaches and the massive amounts of interest from the media, the real estate business in the Riviera Maya has become one of the most interesting investments available.
Over the last 15 years the area has seen successful and increasing tourism indicators, with favorable projections for the coming years. As a result, the regional real estate market has boomed, offering services and real estate products for all markets and budgets.
With picture-perfect beaches, world-class golf courses, culture and entertainment options, investing in real estate in Cancun and the Riviera Maya is a smart way to put your money to work. The choice of where to invest your money for greatest opportunities is yours.
Cancun and the Riviera Maya rank high on the preferences of national and international tourism. Statistics show a dramatic increase of the incoming tourists arriving at Cancun airport; the number of passengers has doubled in less than ten years, with an increase of 101.44% in 9 years and an increase of 12.26% compared to 2014.
Cancun Airport - Number of passengers per year
Over the last four years the general occupancy has remained steady with an occupation above 80% as an average during the year.
General Hotel Occupancy in the Riviera Maya 2012-2015
People are shifting the way they travel, with more and more looking for alternative lodgings; this is great for people looking to invest in real estate, as the prices of properties keep growing and there is the opportunity to generate rental income.
A big majority of the tourists visiting Cancun and the Riviera Maya are foreigners. This is a plus for investors in the area, as there is always a big influx of tourists from all over the world all year round.
"There are plenty of opportunities to invest in the Riviera Maya. Depending on your strategy you can invest in development and construction or in an income-producing property. Even investing in land for appreciation is an option, as the prices in the Riviera are continually rising."
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