Factors of the Tourism Industry that Favor the Real Estate Industry in Vallarta · Nayarit

By Jorge Chávez
Jun. 16, 2024

The sustained growth of the tourism industry in Vallarta · Nayarit is having a positive impact on the real estate market. Here are the key factors that benefit this interconnection:

Increase in International Visitors: Puerto Vallarta received 965,150 international passengers in the first quarter of 2024, a 9.6% increase compared to the same period in 2023. This increase generates greater demand for lodging, as well as short-term and long-term vacation and residential rentals.

Improved Air Connectivity: Puerto Vallarta experienced a 27.2% increase in flights from the United States and a 10.2% increase from Canada. The rise in flights brings more visitors who may be interested in purchasing a property as a second home or rental investment.

High Hotel Occupancy: Puerto Vallarta maintained an average hotel occupancy rate above 80% in the first four months of 2024, while Riviera Nayarit reached 86.7% occupancy in the first quarter of 2024. This high occupancy rate encourages investors to develop real estate projects, and properties intended for vacation rentals become very attractive investments.

Infrastructure Investments: The new terminal of the Puerto Vallarta International Airport will open in 2025. This investment will improve accessibility in the region, making properties more attractive to potential investors and residents.

The tourism boom, improved connectivity, high hotel occupancy, and infrastructure investments create a favorable environment for real estate investment in Vallarta · Nayarit.

The sustained growth of the tourism industry in our destination is having a positive impact on the real estate market.