Global real estate investment firm JLL released its 2016 Hotel Destinations Mexico Report, an annual overview of key hotel markets across Mexico. With strong economic indicators, the report found visitation to the country has increased steadily over the past four years, with the latest United Nations Tourism Barometer ranking Mexico as the ninth most visited country in 2015, with approximately 32.1 million visitors, an increase of 9.6 percent compared with 2014 visitation figures.
Cancun, which received 6.7 million visitors, set a new record in 2015, for a year-over-year increase of 13.5 percent. The surge can be attributed to the emergence of low cost carriers such as Volaris and Interjet flying to the area. The past year also saw 900 new rooms added to the existing 31,800 rooms, with 840 more rooms expected for 2016. Average occupancy for 2015 is 75.3 percent, with a 13.8 percent RevPAR change versus 2014. New hotels include the Capella Bahia Maroma, Andaz Mayakoba, Dreams Playa Mujeres Golf & Spa Resort, and Hard Rock Hotel Riviera Cancun.
Mexico City saw 6.4 million visitors in 2015. Peak occupancy rates of 85 to 95 percent were achieved on the weekdays in the city’s 30,100 rooms, indicating that most guests traveled to the capital for government and corporate related business. Average occupancy was 68.4 percent, with room supply remaining relatively small. New hotels that opened in the past year include AC Hotels by Marriott Santa Fe, Courtyard Mexico City Vallejo, Fairfield Inn & Suites Mexico City Vallejo, Hyatt House Santa Fe, and Sofitel Mexico City Reforma.
Los Cabos, which suffered a setback in 2014 due to Hurricane Odile, reported a 9.6 percent increase in global arrivals for a total of 1.3 million visitors in 2015. Wit 13,900 rooms already in the market, an additional 373 rooms are expected for 2016. New properties include the Ritz-Carlton Reserve Los Cabos, Park Hyatt Los Cabos, Hard Rock Hotel Los Cabos, Luxury Collection Solaz Los Cabos, and Montage Los Cabos.
To read the full report, please link.
