World Tourism Recovery Benefits Mexico Condo Market

By Author: Thomas Lloyd
Total Articles: 503
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Good news for the Mexico condo market has recently been announced from the World Tourism Organization (UNWTO); world-wide tourism showed significant recovery during the first 4 months of 2010. For the condo market in areas like the Yucatan peninsula and Mexico's Pacific coast, this news means that the economic driving force behind the services, conveniences and infrastructure which provides many of these real estate areas with a high-quality lifestyle will continue to increase.

International tourist arrivals worldwide grew by 7% in the first four months of 2010 according to the latest issue of the UNWTO World Tourism Barometer. This growth confirms the recovery trend that began in the last quarter of 2009 and comes despite the difficult conditions of recent months. While the April results were affected by the closure for a week of European airspace, globally the pace of recovery is faster than originally planned. For the full year of 2010, the UNWTO expects international tourist arrivals to grow by between 3% and 4%.
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Latin America, including Mexico, more or less matched the world-wide trend; because of its proximity to the U.S. and Canada, cheap, direct flights available, excellent services and infrastructure and relatively low costs, Mexico is set to gain the most from this growing trend. This means that Mexico's favorite tourist areas will continue to see the funds rolling in which have helped to make this country one of the best balances of low prices and world-class services. Those who buy condos in Mexico's tourist areas will continue to enjoy this benefit.

An example on the Yucatan peninsula is Tulum real estate. Established as a tourist favorite since the creation of Cancun in the early 70's, tourists have continued to make their way over to Tulum to visit the famous pyramid site set on top of a cliff overlooking the beach. Recently, a change has taken place, though; instead of being the destination for day-trip excursions, Tulum is developing into a tourist center in its own right.

Numerous hotels have appeared, and an international airport is being planned. The newly formed municipality has created an urban expansion plan to organize the expected growth, and has adopted a green focus, emphasizing the attraction of sustainable development; many of Tulum's hotels can be found in the "eco" hotel area. High quality condo and home developments are also appearing, and in the revival of world tourism, Tulum is sure to grab its fair share, guaranteeing the appearance of many new services.

On the Pacific coast one of many examples is Mazatlan real estate. Mazatlan, in contrast to Tulum, is actually one of Mexico's oldest tourism destinations. In addition to beachfront condos with modern luxury, Mazatlan also has a colonial city center, recently restored and beautified. Mazatlan has already shown that it can capture its share of the renewed tourism, maxing out its hotel occupancy in peak seasons in 2010, and continuing to put funds into restoring its "centro historico," a defining point of life in Mazatlan.

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