Mexico’s Ministry of Tourism recently released data for the first six weeks of 2012 showing the number of occupied hotel rooms in the country was at 167,764, which represented an increase of 5.3 percent over the same period last year. This is good news for Mexico real estate markets closely tied to tourism, such as Tulum condos for sale which has a special advantage for those investing for rental income purposes.
The same data shows a positive trend with an increase of 1.8 percent in the number of rooms over the same period in 2008.
The Riviera Maya, (where Tulum is located) surpassed the national average with an increase of 7.0 percent in hotel rooms occupied, compared with the same period last year.
Part of the boost in the area was the investment from Mexico’s federal government to promote the Mayan World for the “Year of the Maya†which celebrates the end of the Mayan Calendar in 2012. The investment for promotion has reached nearly $110 million pesos (about 9 million USD.)
The Mayan World has attracted over 52 million tourists to the five states of the southeast region of Mexico which will leave an economic impact in excess of 200 billion pesos (about $16 billion USD.)
For real estate in the area, this is only good news. Increasing tourism brings increased cash flow, more international services (shopping, restaurants, hospitals, etc.) and greater exposure to the international market for future resale.
Proximity to Tulum’s unique pyramid site overlooking the Caribbean, and the community’s ongoing real estate boom are factors which make the condo market even more attractive. However, very closely tied to the growing tourism and increase in hotel room occupation is the fact that there is currently a high demand and low supply for rental condos.
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