Statistics recently released indicate that during the month of March, 2010, Mexico's tourism industry is recovering from last year's recession-based low point. As a key month for tourism activity, these statistics are an important reflection of the overall state of tourism in Mexico. For Puerto Vallarta real estate buyers this recovery means that services residents enjoy which are largely based in the region's thriving tourism industry will continue to expand, and opportunities for rental-based income will also continue to be available.
The statistics list the total number of international visitors, largely American and Canadian, during the month of March at 7.87 million people, each of whom spent an average of $168.9 U.S (5.6% higher than 2009). for monthly revenues of $1.330 billion. This total is an increase of 6.6% from March 2009.
Puerto Vallarta is not only an economy which is focused almost entirely on tourism, but it is also one of Mexico's strongest tourism markets; for this reason these statistics are a positive sign for the region.
Many Americans and Canadians buy Puerto Vallarta properties to enjoy the highly developed services and activities provided as a result of tourism in the area, ranging from international class golf to oceanfront sports to trendy bars and cafes along the Boardwalk or in Olas Altas. For these buyers, the recovery of tourism means that these areas will services will continue to be expanded, offering further choices for a world-class beachfront lifestyle.
Puerto Vallarta homes and condos may also be bought for investment, providing income from vacation rentals. Increased tourism means that demand for such rentals will increase accordingly. The option of buying a vacation home and renting it out when not in use has been a viable means of balancing some expenses as well, even if not solely for investment purposes.
The statistics also reported a significant increase in cruise activity, reaching 720 000 passengers, 13.6% higher than March 2009. Puerto Vallarta is a major cruise destination on the Pacific coast, and this increase is likewise good news for a healthy tourism industry and real estate buyers.
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Region: Puerto Vallarta real estate by Michael Green, an expert on Mexican real estate contract law, Green is active in national and state realty boards. Green's excellent service record both in Puerto Vallarta and the U.S, combined with an old-fashioned work ethic and an intimate knowledge of Puerto Vallarta's luxury market, make him the ideal person to consult for real estate transactions. You can contact him at (512) 879-6546.
