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Playa del Carmen Real Estate Market – Hotel Occupancy Increases

Thomas Lloyd

Visitors: 445

The Playa del Carmen real estate industry is closely interconnected with the area's tourism industry in many ways, with both residents and investors gaining considerable advantage from strong tourism. This is why it's important that 2010 saw a significant increase in tourism numbers, especially in hotel occupancy.

Mexico's Ministry of Tourism has reported that in 2010 there was a significant increase in the tourism activity in the entire country. Playa del Carmen had one of the most outstanding performances in increase in hotel occupancy, surpassing 2009's numbers by over 24 percent!

For all Playa del Carmen real estate buyers, this increase means that tourism is growing, new hotels will be built, more golf courses, shopping areas, restaurants and bars will open, the area's famous nature theme parks will expand and offer even more activities, and, in general, the quality of life will increase.

For investors there is a specific benefit. Higher hotel occupancy means higher demand for rental condos. Small groups of vacationers (families, small workplace trips, etc. ) often look for large condo units or homes to rent as a comfortable and affordable alternative to hotel or resort rates. Higher demand means an increase in rentals and an increase in return on property investment in Playa del Carmen.

Mexico on the who fared well – although not as well as Playa del Carmen alone! The average number of occupied hotel rooms in the 70 tourist centers monitored increased an average of 9.9 percent, and visitor arrivals by air increased by 14.3 percent.

Other areas which fared very well in hotel occupancy increase over 2009 include Nuevo Vallarta with an increase of over 33 percent (the only location to out-perform Playa del Carmen's increase), Acapulco improved 23 percent, Los Cabos alsmost 20%, and Guadalajara about 11.5 percent.

The average number of rooms available in 70 destinations was calculated at 325,150, representing an increase of 3.8 % compared to 2009 and 7.2 % compared to 2008.

Specific tourist travel “routes" also saw significant increase in occupied hotel rooms; “Maya Secrets of the World" saw an increase of 14.8 percent, “The Magic of Nature and Nature" saw an increase of 12.9 percent, while the wine culture and the aquariums, reported a 10.6 percent increase compared with the same period in 2009.

On the whole, Playa del Carmen real estate is well positioned to gain from Mexico's tourism growth.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of Playa del Carmen real estate , you can contact him at (512) 879-6546.


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