The success of vacation rentals in the Riviera Maya: projections and opportunities for 2023

Welcome to our blog! At My Caribbean Place, we are excited to talk about the growth of tourism and vacation rentals in the Riviera Maya. If you are looking for a paradisiacal destination for your next vacation, keep reading!

The Riviera Maya is one of the most popular tourist destinations in Mexico and the world. Located on the Caribbean coast of the state of Quintana Roo, this destination offers a unique combination of dream beaches, Mayan culture, exquisite cuisine, and a wide variety of activities for the whole family.

According to official statistics from the Quintana Roo Tourism Promotion Council, the region has experienced significant growth in tourist arrivals in recent years. In 2019, the Riviera Maya received more than 4.7 million tourists, which represented an increase of 2.7% compared to the previous year. In addition, the number of international tourists also increased by 4%, demonstrating the confidence of travelers in the safety and quality of tourist destinations in the region.

During 2020, the tourism industry around the world faced unprecedented challenges due to the global COVID-19 pandemic. However, as tourist destinations around the world began to reopen their doors, the Riviera Maya quickly rebounded. According to official figures provided by the Quintana Roo Tourism Promotion Council, the state received more than 5.6 million tourists in 2021, with an increase of 36% compared to the previous year. In addition, the number of international tourists also increased by 40%, demonstrating the confidence of travelers in the safety and quality of tourist destinations in the region.

This translated into an increase in the demand for accommodation in the Riviera Maya, especially in vacation rentals. Rental houses and villas offer a safer and more private option for tourists who want to enjoy a beach vacation without worrying about crowds at hotels.

According to data from AirDNA, a data analysis platform for vacation rentals, the average price per night for a vacation rental in the Riviera Maya increased 25% in 2021 compared to the previous year. In addition, the number of vacation rental reservations also increased significantly. According to data from HomeAway, another vacation rental platform, the number of reservations in the Riviera Maya increased by 44% in 2021 compared to the previous year.

Most of the vacation rentals in the Riviera Maya are located in exclusive and private areas, which offers travelers the opportunity to enjoy a safe and quiet environment. Rental houses and villas also offer greater flexibility in terms of check-in and check-out times, allowing tourists to plan their itinerary more efficiently.