Several Large Hotel Developments Demonstrate Continued Growth in Mexico’s Tourism Industry
Mexico’s Secretary of Tourism reported 40 million tourists visited Mexico in 2017, and 10.6 million tourists arrived during a record-breaking first quarter of 2018. Tourism in Mexico continues to grow; it is no wonder some of the largest hotel and travel companies continue to invest millions of dollars in Mexico.
This week Air Transat announced their plans to develop a hotel chain in the Riviera Maya.
Air Transat is a leading international tourism company based in Montreal, Canada. They have purchased property in Puerto Morelos in the Riviera Maya 20 minutes from Cancun to develop a beachfront resort. They have also signed a promissory agreement to buy the adjacent property. The company plans to own or manage 5000 rooms in Mexico by 2024. The combined deal will cost between $54 million USD and $57 million USD, according to AirTransat.
AMResorts, an Apple Leisure Group (ALG), a travel and hospitality company specialized in all-inclusive luxury resorts continues to grow its presence in Mexico. Earlier this year they announced the signing of four new resort management contracts which include; Now Natura Riviera Cancun, Dreams Punta de Mita, Secrets Marina Resort and Spa, and Secrets Punta de Mita.
- The Now Natura Riviera Cancun beachfront resort will be located just 10 miles from the Cancun airport, with 534 rooms and offer their Unlimited-Luxury experience as of the end of 2019.
- Secrets Marina Resort & Spa, a 407-room adult-only resort is expected to open in 2020, located in the Marina El Cid development and about 35 minutes north of Playa del Carmen.
- On the Pacific side of Mexico, Secrets Punta de Mita Resort & Spa and Dreams Punta de Mita Resort & Spa are scheduled to open late 2020. The 200-room Secrets and 415-room Dreams will be located in Bahia de Banderas in Punta de Mita, once a quaint fishing village and now one of the most popular travel destination in the Riviera Nayarit region.
“As a whole, Mexico offers a wealth of investment opportunities, and our owners see a strong and consistent return on their resort investments,” said Javier Coll, Executive Vice President and Chief Strategy Officer of Apple Leisure Group.