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Invest in Mexico's 2023 tourist capital

By SIMCA Desarrollos

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Since the day international tourism resumed on June 1, 2020, travelers from all over the world have chosen Mexico as their main destination, focusing especially on the Mayan Riviera beaches. Because of the many advantages this destination offers, the Mexican Caribbean is expected to become Mexico's newest tourism capital by 2023.

One of the main advantages of the Mayan Riviera is its location, as it's where the Gulf of Mexico and the Caribbean meet; this makes for a breathtaking vision of different shades of blue. Plus, it offers access by air, land, and sea, which is why so many cruise ships dock in the area.

The stretch of coast that borders the Yucatan Peninsula, from Puerto Morelos to Tulum, is easily accessible, and airlines in the U.S. experienced a sharp increase in demand at the beginning of the pandemic. As a result, their large transatlantic planes were reassigned to fly directly to Cancun from the airports on the East coast.

From the New York area alone, there is an average of 57 non-stop flights. This demand shows no signs of slowing down. In fact, it is estimated that by the end of this year and throughout the next, Cancun will receive direct flights from up to 20 European countries.1

On the other hand, remote work has also been beneficial for the Mayan Riviera. According to Nomad List, which tracks data regarding digital nomads, in 2021 Cancun, Playa del Carmen, and Tulum became the three most popular remote work destinations in the world. This trend has remained in 2022 and is expected to continue in 2023.

All of this translates into one simple fact: both in summer and in December, the Mayan Riviera's peak seasons, hotel occupancy is above 90%. Occasionally, finding a place to stay can even become quite a challenge. That's why the real estate business in this area continues to grow, in order to be able to offer more hotel rooms and apartments to meet this demand by Mexican and foreign travelers visiting Playa del Carmen and Tulum.

This is, undoubtedly, an opportunity for investors, as they can invest in property to either live or rent out and get great returns. In 2022 alone, the real estate sector in the Mayan Riviera got off to a great start. In January, it registered an uptick in the number of housing market operations compared to the previous year. Current figures are as high as they were before the pandemic, even after the closures caused by the Omicron variant. The premium segment stands out especially, as it saw the highest demand during January 2022, with a growing trend.2

Given this positive outlook for 2023, we recommend getting acquainted with our real estate offer in the Mayan Riviera so you can begin to invest in Mexico's newest tourist capital, so that you'll begin to reap the benefits as early as next year. Discover our apartments and make the most of what the Mexican Caribbean has to offer.

1. Source: El Financiero https://www.elfinanciero.com.mx/
2. Source: Inmobiliare https://inmobiliare.com/

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