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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.

Topics: Tourism