Chatham Townhouse

An important part of Mexico's economy is tourism. For this reason, the fall and recovery of the tourism industry in Mexico has experienced since June is of great importance to those interested in Mexico real estate. This summer's favorite Mexico, resorts beachfront have recovered significantly impact the travel advisory of swine flu that nearly stopped the tourist industry Mexico in June. During the month of July, the Ministry of Tourism reported that the average number of Mexico show the entire hotel occupancy around 70%. While these numbers reached up to 80% or more during this period last year, figures still show a significant recovery.

Certain destinations are recovering faster than others. For example, Cancun Hotel occupancy rate reached 56% during the week of July 6 to 12, and 64% for the week of 13 to 19. The week of July 7 to July 13, 2008 reached 82% occupancy – a 26% higher – and 86% between July 14 and 20. Cozumel and the Riviera Maya are in a similar situation, reaching about 60% in the first two weeks of July 2009, compared with 70% (Cozumel) and 80% (Rivera Maya) of 2008.

While the comparison to last year is worrying, can also be seen Cancun this year recorded an increase of 8% a week to another, while Cancun past years only saw an increase of 2%. This means that although the figures remain low, are increasing at a faster pace, again suggesting that the situation is on the mend.

An exception to this trend is Cabo San Lucas. While this target reached only 62% of hotel occupancy during 2008 summer vacation, as in 2009 and has reached 73% – a 11% increase over the previous summer!

Federal Secretary of Tourism of Mexico, Rodolfo Elizondo Torres, said that while the U.S. tourism not achieved, not achieved, the number of complete during the summer holidays, the number is expected to return to normal during the winter tourist season in December.

Part of the recovery that is has produced is the result of government programs established to promote tourism in Mexico. In cooperation with the private tourism sector, the program offers large discounts on travel services and hotel deals. While some of these promotions are available until late July, many had a limit of reserve end of June.

According to a report from the Bank of Mexico, part of the end result of the promotions was an increase in prices, especially for tourists coming from within Mexico. Tourist hotel packages expenses rose 3% in the second half of June and the first half of July, and fees are air to 6.25%, as indicated in the report of the Bank. Mexican airlines offer tickets to Mexico City to places like Acapulco, Puerto Vallarta and Zihuatanejo about 1,400 pesos.

While the price is significantly higher than the discounts in June compared to last year prices have risen only 2.4%. Compared to 2008, hotels have a slightly higher increase in prices of around 5%. The good news for those still planning their vacation is that package tours, even after the end of special offers, declined 6% from last year's prices. In addition, most services Mexico, including medical tests, laundry service and cafes, has increased less than 1% – a difference that is barely noticeable.

It is worth noting that despite this fact that many ended discounts and prices have returned since the end of June, the number of tourists continued to grow during the month of July, again indicates that the industry is in its Most road to recovery. Destinations of Mexico real estate are also tourist destinations, and are largely economically dependent on tourism, therefore, slow but steady recovery of this industry is an good news for owners and potential buyers, ensuring ongoing maintenance and improvement of services and infrastructure.

Also, as we have seen in price increases resulting from the end of the promotions, especially prices have not increased significantly since last year, especially on days with the elements of day services that are most important for property owners real Mexico. Finally, it is worth keeping in mind that the Mexican government and the private tourism sector leading the effort to promote tourism abroad is focusing on the winter season, and the results are still to be seen.

As tourism recovers and real estate observers keep an eye on the international recession and its impact on the real estate market in Mexico, it appears that the recovery is definitely on its way, albeit slowly. The present situation offers unique opportunities and exciting solutions for buyers, but also requires a special care in the purchase process. While not doubting purchase necessary – on the contrary, it might be a good time to take advantage of great deals – you need to find an experienced trusted agent to help you find the information you need and the property that is right for you.

About the Author:

TOPMexicoRealEstate NETWORK; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!” Region: Playa del Carmen Real estate 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 TOPmexicorealestate, you can contact him at (512) 879-6546.

Article Source: ArticlesBase.com – Mexico real estate benefits from recovery of tourist numbers

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