The Playa del Carmen real estate market has never been hotter than it is right now, driving in part by growing tourism numbers and record-breaking hotel occupancy rates in 2017.
“Reserves are up 20 percent, meaning the average occupancy rate will exceed 73 percent, experts estimate,” wrote Riviera Maya News. “It is very likely that those looking for hotel nights and flights [into the Cancun International Airport] during the upcoming summer vacation will no longer find availability.”
Impact on the Playa del Carmen Real Estate Market
These forecasts will put hotel occupancy rates in Playa del Carmen for 2017 among the highest on record, if not into the number one spot, which is fantastic news for anyone who already owns real estate in Playa del Carmen or is seriously looking at vacation home rentals in the area. As the summer season in Playa starts to really heat up, reports show an increase in reservations of at least 20 percent in Playa del Carmen and the surrounding Riviera Maya region, including Cancun. Other destinations in Mexico known for fun summer activities – like Puerto Vallarta, Cabo San Lucas and Huatulco – are also reporting a significant rise in tourism compared to the same time period last year.
“We expect hotel occupancy to increase by 1 to 2 percentage points this summer,” wrote Riviera Maya News.
Also of note, new data from Mexico’s Secretariat of Tourism (Sectur) shows that this year is likely to surpass the hotel occupancy rates from last year in all of the country’s top beach destinations, including Playa del Carmen, Cozumel, Cancun, Puerto Vallarta, Acapulco, Cabo San Lucas, Huatulco and Manzanillo. The rise in tourism has created more travelers looking for vacation home rentals in all of these areas, which equals good news for anyone who owns a Playa del Carmen investment property.
Playa del Carmen Real Estate Rentals
Condos in Playa del Carmen and other vacation homes in the area that can also function as turnkey vacation rentals are all the rage right now, as this one-time sleepy fishing village emerges as a leader in the Mexico real estate market. Over the last five to ten years, Playa has been at the forefront of innovative new wealth building strategies and today this trend is showing no sights of slowing down.
“Playa del Carmen has been one of Mexico real estate’s strongest appreciation markets with returns in the double digits,” wrote Bigger Pockets. “The current scenario in the Riviera Maya presents some fantastic opportunities for the investor who is open to options from professional and market-intelligent real estate experts.”
In short, the probability of continued long-term growth in Playa del Carmen looks excellent for buyers who work with reputable real estate investing companies that know how to properly assess risks and find the very best turnkey vacation rentals, condos, standalone vacation homes and even a variety of entire hotels for sale in Mexico’s Riviera Maya.
Have you ever been to downtown Playa del Carmen? What are your main concerns or questions about buying turnkey vacation rentals in Mexico? Share your thoughts in the comments section below!
Click this link to see the best condos for sale in Playa del Carmen and start your journey to making money in Mexico today!