Vacation rentals are a growing trend that is revolutionizing the Real Estate market in Quintana Roo.
More frequently, investors are acquiring lots to use them as vacation rental opportunities. It has proven a yearly profitability of more than 20% of the purchase in the state of Quintana Roo, according to the Airbnb platform.
The US company of more than 7,000,000 ads in 191 countries, is boosting the Real Estate market in Quintana Roo. Many of the new properties in the Mayan Riviera are using these tools to offer lodging alternative to travelers.
In Cancun alone, there are about 1,000 new units registered on the Airbnb platform, said Tayde Favila Soriano, president of the National Mexican Association of Real Estate Professionals (AMPI).
“For the Real Estate market in the state is a growing opportunity for engaging with new clients and investment opportunities”, reply Favila Soriano. According to AMPI president, 40% of the new residentials in the Mayan Riviera are using digital platforms to provide vacation rentals services as a business strategy.
Transparente, a company dedicated to analyze the touristic market behavior, revealed that 55% of the rental vacation ads in Mexico are managed by professionals involved in the Real Estate market.
During 2018, Airbnb hosts in Quintana Roo had a total income of more than 2,100 million mxn, equivalent to 106 million dls, according to Airbnb. The profit of an annual host in the state was $ 68,300 mxn equal to $ 3,600 dls. During 2018 a total of 951,400 travelers used the Airbnb platform during their trips to the state of Quintana Roo.