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Mexico Real Estate: Summer Tourism Booming

13 September, 2012

Positive summer tourism numbers
in Mexico for 2011 bode well for the country's economy as a whole,as well as
for the Mexico real estate
market in specific. According to reports released earlier this month by the
Mexican Ministry of Tourism,there has been an overall increase in the number
of tourists coming to Mexico's hotspot destinations,with hotel occupancy
growing by more than 4.5 percent in July of 2011,as compared to the same
period in 2010.

In addition,destinations
throughout the Riviera Maya have reported an impressive consistent occupancy
rate of more than 85 percent,while Mazatlan,Nuevo Vallarta,Cancun,Ixtapa,
Puerto Vallarta,Huatulco and Manzanillo followed,reporting high occupancy
rates ranging from 66 percent to more than 80 percent – good numbers any year,
but great considering the lingering global economic downturn.

According to a recent statement
by assistant secretary for tourism planning in the Tourism Ministry Ricardo
Anaya,“These figures are a result of the diversification strategy carried out
by the Ministry of Tourism and the Tourism Board of Mexico,” adding,“This
remains one of the main drivers of tourism activity.”

According to the reports,the
destinations currently experiencing the highest growth rate are Pachuca,
Campeche and Xalapa,among others,hitting new highs for the number of occupied
hotel rooms during the month of July 2011. In addition,parts of southeastern
Mexico,including Cancun,Quintana Roo,Playa del Carmen and the Yucatan,have
logged in a hefty 23 percent of the total number of rooms occupied throughout
the entire country.

Not surprisingly,the beach hotspots in these areas remain the most
popular places for tourists to visit. In fact,occupied hotel rooms in Cancun
during the same period  grew by
nearly 9 percent,while in the nearby Riviera Maya they rose nearly 7 percent
from July of 2010.

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Topics: Tourism