Hotel real estate investment in Mexico on the rise

In 2018, Mexico recorded an increase of 5.1% in the economic income derived from the tourism sector with respect to 2017, according to the Tourism Secretariat (SECTUR) in its 2018 Progress and Results Report.

They were 22.5 billion dollars derived from the visit of 41.4 million tourists, which were counted only last year.

This figure reflects an increase of 5.1% in relation to 2017 and 77.3% more than in 2012.

The majority of foreign tourists come from the United States and Canada, registering 70% of the visits to the country.

In recent years, Mexico has shown remarkable growth in tourism to the point, even exceed the profits generated by oil exports in 2016.

The preliminary data of the Tourist Gross Domestic Product (GDPT) for the second quarter of 2018 showed a growth of 2.2% with respect to the same period in 2017.

According to the quarterly indicators of the tourist activity, the GDPT presented an increase of 3.3% in the third quarter of 2018 compared to the same period of 2017.

By components, services increased 3.3% in annual terms, while goods increased 3.1% during the same period.

According to the National Tourism Council (CNT), Mexico is the country with the largest number of hotel infrastructure in Latin America, registering 14 thousand 963 hotels and accounting for a total of 583 thousand 731 rooms.

Despite the political, social and economic situations that could affect the hotel sector in Mexico, investment in this sector has maintained constant growth, generating significant income and excellent investment returns, making it an attractive business for domestic and foreign investors. .

"The economic outlook of Mexico is considered fundamentally solid with regard to the problems that could affect business trips and the demand for hotel accommodation," says the consulting firm HVS Global Hospitality Services, in its Strategic Market Study.