If you’ve been keeping an eye on the growth of the Real Estate area in Mexico, you can’t help but notice that Cancun Real Estate is not only the area’s number one beach destination, but has also become a hub for international travel and destination preferred for business conventions. Cancun over the years has strengthened its infrastructure and amenities thanks to which it has now acquired an important place in the region of Mexico and Latin America.
As an indicator of its growing importance and influence, the annual meeting of the Inter-American Development Bank (IDB) was recently held in Cancun. More than 1,500 registered guests attended the IDB meeting. They met at the Cancun Convention Center. The end of March will mean a huge influx of visitors to Cancun, as thousands of spring break American and Canadian college students will also visit the city.
Despite last year’s slowdown, Cancun’s tourism industry has rebounded with vigor and confidence. Although Mexico was one of the countries most affected due to a series of unfortunate events such as the swine flu scare, the global recession and the negative press regarding the mafia, Cancun constantly worked on the development of its infrastructure and services and became positioned itself as one of the first regions in the area to emerge even stronger. With renovated beaches and better infrastructure, Cancun is one of the main tourist magnets in the region.
According to data from the Cancun Hotel Association, of the total 28,500 hotel rooms, about 74% are currently occupied. This figure is expected to increase in the coming months due to a greater influx of tourists.
The meeting had special significance since, as IDB President Luis Moreno pointed out, “the first IDB loan for tourism was granted to Cancun during its construction where “the funds were used to build an airport, a port and the first hotels in the city. “
The IDB meeting marks an important anniversary of promoting real estate for international investors in this region and assisting in the development of Real Estate in Mexico in the last decades. The gathering also reflects Cancun’s emerging role as an international convention center, an achievement that promises to bring further growth to the region’s real estate industry.
This continued growth in tourism is a positive sign for real estate investors in Mexico. The real estate market has an extra dose of confidence, which means Cancun condos will continue to be a good choice for buyers and the region will be supported by an ever-expanding urban infrastructure, with a well-maintained road network. and expanding, shopping centers, restaurants and other facilities.
Author: Mrs. Nocero