Up to 20 new timeshare developments will open this year, some in Puerto Vallarta.

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Travelers’ preference for vacation ownership has catalyzed the development of new destinations across the country, particularly those that have established themselves as vacationer favorites.

In response, the Mexican Association of Tourism Developers (Amdetur) anticipated that between 15 and 20 new resorts will open throughout the year, bringing the total number of resorts offering this format to 785 across the country.

It added that some of the developments are located in Cancún, Los Cabos, Puerto Vallarta, and the Riviera Maya. It also highlighted that many resorts have expanded to new destinations that are currently generating growing interest among international travelers, such as Mérida, San Miguel de Allende, Ensenada, and Valle de Guadalupe.

“States such as Baja California Sur, in areas around La Paz, Nayarit, and Yucatán, have also increased their development,” commented Amdetur.

“The flexibility offered by current vacation ownership products allows for extended stays and a wider variety of destinations under a single membership, which has catalyzed the sector’s popularity,” he noted.

He said the occupancy rate at major resorts with vacation ownership is 10 percentage points higher than hotels without clubs.

The appeal of vacation ownership is particularly reflected among American tourists, who represent 70 percent of vacation property buyers in Mexico.

This trend is especially relevant given the National Tourism Business Council (CNET)’s forecast of an increase of 70 million international arrivals by 2025, a 5 percent increase over the previous year.

Source: contralinea.net