The tourism real estate sector in Mexico is about to reach an important record in 2023, in terms of investment and demand. There is currently an important number of opportunities for a wide diversity of investors who want to generate income and high returns by investing in properties in the best areas of the Mayan Riviera: Tulum and Playa del Carmen.
Investing in the Mayan Riviera: 2023 outlook
According to the Mexican Association of Real Estate Professionals (AMPI), the tourism sector in the Mayan Riviera has a solid tourist infrastructure which includes hotels, restaurants, shops, and tourist services. These continue to attract domestic and international travelers and, of course, represents a key opportunity for investors looking to put their money to work and generate income through vacation rentals.
2023 tourist outlook
In February 2023, the Mexican Caribbean received a total of 479,258 tourists. According to the Department of Tourism for the state of Quintana Roo, the largest percentage of tourists came from the United States (37.01%), followed by Mexican nationals (35.97%); the list also includes travelers from Canada (6.48%); the United Kingdom (2.91%); Colombia (2.75%); Argentina (1.24%); Spain (1.19%); France (1.06%); Brazil (1%); Germany (0.92%); and other markets (9.47%).
According to these same data, the Mayan Riviera continues to be one of the favorite beach destinations for thousands of visitors, as shown by its 90.1% hotel occupancy. In Easter, summer, and the peak season beginning in November, occupancy is expected to be between 95% and 100%.
Another factor that will also benefit the Mayan Riviera real estate sector in 2023 is remote work. According to Nomad List, which tracks data on digital nomads, Cancun, Playa del Carmen and Tulum became the three most popular remote work destinations in the world in 2021. This trend has remained in 2022 and is expected to continue in 2023.
Vacation rentals in 2023
Vacation rental properties in the Mayan Riviera have had such a boom in 2022 that they now surpass the offer by hotels in premium areas.
According to the AMPI, Playa del Carmen has about 13,600 vacation rental units hosted on digital platforms, with an occupancy of 65% to 75% per year and a sustained growth of 20% per year.
Meanwhile, in the Tulum area, the number of properties intended for vacation rental increased by 40%. Holiday condos, especially, have an even higher demand than that in Playa del Carmen, with an 85% annual occupancy.
Likewise, Tulum continues to increase its supply of vacation rental homes and private multifamily developments, which strengthens its position as one of the areas with the highest potential for property appreciation in the Mexican Caribbean.
Benefits of investing with SIMCA Real Estate
SIMCA Real Estate offers a great diversity of investment opportunities in the Mayan Riviera. Options range from luxury apartments to condo hotels and multifamily properties, all of them in exclusive and private spaces in high-value areas of Tulum and Playa del Carmen. In addition, our developments offer amenities like swimming pools, yoga gardens, rooftop bars, spas, saunas, gyms, hammock gardens, community gardens, and much more.
Another advantage of choosing SIMCA is our experience. We can currently boast amazing references in the industry, backed up by our more than 27 finished projects. Of those, every single one has been timely delivered to meet the expectations of each of our more than 2,000 customers.
By investing in our real estate developments you get:
- The best customer service and attention.
- A team made up of locals who know the area.
- Over two decades of experience developing real estate in the region.
- The highest quality and best design in each of our projects, as we have partnerships with the best architects in Mexico.
- Investment returns of up to 10% per year on apartments thanks to our Property Management and Vacation Rental Program Happy address®
Explore our real estate offer in the Mayan Riviera, invest, and get great benefits from vacation rentals.