As tourism numbers soar in Mexico’s Riviera Maya, the Cancun International Airport is reporting record growth in passenger traffic, all of which is working to drive the Riviera Maya real estate market to new heights. As a result, savvy investors are cashing in on income producing property like turnkey vacation rentals.
“The Cancun International Airport continues to show surging growth, according to the latest data report from ASUR, which manages the airport [and 23 others throughout Mexico]”, wrote Caribbean Journal. “Overall, passenger traffic rose by 10.2 percent to 23.6 million in 2017”.
The airport in Cancun currently accommodates 47 different airlines in four terminals, which use innovative technologies to provide a great passenger experience. There has been rapid growth in the region over the last 10 years, with passenger numbers more than doubling as the Mexican Caribbean’s popularity continues to increase among international travelers.
“It is now Mexico’s busiest airport for international passengers”, wrote SITA – a global information technology company providing IT and telecom services to the air transport industry – in a recent press release.
Air Traffic Increase Brings New Flights
Furthermore, it’s important to note that visits from the U.S. to Mexico’s Riviera Maya via the Cancun International Airport are growing at more than 11 percent every year. This has spurred a wide variety of investment in recent years, including new hotels and infrastructure, luxury condos, renovated marinas and cruise ports.
“Lots of investment dollars are going toward new developments to drive those tourism numbers even higher”, stated Remberto Estrada Barba, the Mayor of Cancun, during the last Cancun Travel mart annual event. “We are also discussing the addition of a fast train connecting Quintana Roo to Tulum and the Cancun International Airport will be the biggest airport in the world. We will keep on improving our destination to get more tourism”.
Just last week, Southwest Airlines announced a new nonstop flight to Cancun from the Indianapolis International Airport, which will depart every Saturday through the summer. Southwest says it selected Cancun because it is the top destination worldwide for travelers departing from Indianapolis. This is just one of the many new flights that have been added in recent years to accommodate the growing number of tourists coming to Mexico’s Riviera Maya.
Tourism Growth & Mexico Real Estate
So, what does all of this mean for the Riviera Maya real estate market and for investors like you in the U.S. and around the world? It means an unprecedented opportunity to earn ongoing investment income from luxury condos and turnkey vacation home rentals… To the tune of 8-14 percent return on investment!
Not too shabby… Especially when you consider the fact that average stock market returns are only 4-5 percent once you factor inflation into the equation. Add to this the fact that ongoing stock market volatility means retirement income can disappear in minutes due to circumstances that are completely beyond your control.
By contrast, real estate investing in Mexico’s Riviera Maya region – which stretches south from Cancun through Playa del Carmen, Puerto Aventuras and Tulum – offers easy access to safe alternative investments that also provide a hedge against inflation and better return on investment than typical stocks and bonds.
Do you have questions about buying real estate in Mexico? Post them in the comments!
Read 10 Reasons to Invest in Mexico Real Estate Right Now to see how booming tourism can lead to ongoing real estate investment income.