Cancun on the up… once again
The good news for Cancun’s tourism board continues, after a historic summer where hotel occupancy rates in Puerto Morelos and Cancun were at full capacity for long periods, October has shown record numbers of tourists for a period of the year normally considered the low-season.
A report by the Association of Hotels of Cancun and Puerto Morelos showed that October had the highest influx of tourists in 20 years, with hotel occupancy rates averaging 71 per cent in a period where most hotels usually have to make layoffs due to the reduced number of guests.
New flight routes to Cancun and investments in new projects have been welcomed with open arms and have provided a breath of fresh air for the city.
Cancun has not only regained its place as the preferred vacation spot for millions of tourists around the world, but has also received welcome news in its real estate and construction sectors.
Just before 2009, there were between 1,000 and 1,100 residential units sold in Cancun each year, but from 2009 to 2012 the global financial crisis hit the city hard and the number of units sold halved during this period. However since the second half of 2013 to the first quarter of 2014 much of the newly built upmarket residences have been snapped up. This has generated further construction of real estate to add value to the city and an influx of money.
The Oasis hotel group headed by Mister Pedro Pueyo is a key player in the areas tourism industry. It is a business with vision that decades ago invested in innovative concepts that have developed successfully. It has once again followed these steps with the recent addition of a boutique hotel in the city center – a concept new to Cancun – with exciting services and products that come with the promise that if it is done the Oasis way it will be a great success.
Cancun, it seems, has not only recovered from the crisis but has grown substantially, and continues to be positioned as one of the world’s most important tourist destinations and a place that finds itself on the up once again.