Although due to the coronavirus the hotel / hospitality sector showed a significant contraction, Mexico has market potential, which foresees a solid recovery for the tourism sector.

According to the Travel and Tourism Update report from the Hotel and Hospitality Group of JLL, there are several factors that generate greater interest from international investors.

Almost two thirds of the gross value added in the Mexican economy is generated by the service industry, while 16% of the Mexican GDP receives a direct impact from the tourism and travel sectors.

Today, investors around the world are taking a second look at the resilience that the lodging industry has shown in Mexico.

It should be remembered that during 2019, Mexico was named the most visited destination in Latin America by foreign tourists, the second most visited in the American continent and the seventh most visited country in the world.

We recommend: Fibra Inn reports an increase in revenue of 216% thanks to lodging

Despite the pandemic and declines in occupancy, Mexico achieved average daily rates that exceeded 2019 levels in markets such as Los Cabos, Cancun, Riviera Maya and Mexico City.

In addition to the above, their destinations were the first to obtain the Safe Travels stamp established by the World Travel and Tourism Council (WTTC).

Mexico has the most developed hotel sector in Latin America with more than 400,000 keys, in which its room offer is divided into branded and independent properties.

The key destinations with the offer of properties amount to 60%, and are located in Cancun, the Riviera Maya and Mexico City.

Additionally, more than a third of the offer is tourist destinations, concentrating the majority of hotel rooms in Cancun and the Riviera Maya, followed by CDMX, Puerto Vallarta and Riviera Nayarit.

It may interest you: Yucatan will receive private investment for more than 1,000 million pesos

The most impressive thing is the fact that new hotels in Mexico are in process with a figure equivalent to 14,000 hotel rooms under construction and 10,000 in planning, which together would add up to 24,000 thousand rooms.

Invest in an apartment in Mexico City, review the different options available and ask the advisor in charge for more details.

Read the full article