Cozumel Real Estate Updates in the News

The Cozumel real estate market is effected by several factors which include amongst many others, hotel occupancy rates, the ecological environment of the island, and the cruise boats that visit the piers from this Mexican Caribbean island. Below are short updates on activities this past month that are effecting the island but also the Mexico real estate market as a whole.

During the Easter vacations, the hotel occupancy rates arrived to nearly 80%. Currently the island has approximately 3,522 units in inventory for the hotel industry. People comment that the world economic situation has reduced the normal rates but also pointed out that with the gain of the dollar against the peso, this has regained opportunities given the fact that tourists have more pesos to spend. It is estimated that each hotel room guest spends approximately $100 usd while a cruise ship tourist spends nearly $80 usd.

Another update is in regards to the project of the recuperation of the beaches in Cancun, Playa del Carmen and the Cozumel Island. The mayor of the municipality met withthe governor this month to advise that the island is not against the project of restoration of the beaches, but is searching for an alternative area where they plan to extract the sands. The current project outlines an area on the norther part of Cozumel where they plan to dig up fresh sand. The project calls for the restoration of 7 million cubic meters of sand to be sucked up from the ocean floor off of the island and blown back to the beaches throughout the cities of Quintana Roo.

The news that is on front page throughout many parts of the world is the virus outbreak called the swine flu. Here on the island, and in the entire state of Quintana Roo, there have been no reports of anyone having been infected. The federal government has been aggressive on their response and their actions to prevent further spread of this flu and have closed all schools throughout the entire country until May 6th. Cruise ships coming to Cozumel have also been postponed for the immediate future until the federal Secretary of Health gives the green flag. They expect the ports to be open if all goes well within 7 - 14 days. At the same time, as the government has taken correct steps in the prevention of the spread of the virus, the local, state, and federal government are already preparing action plans and marketing campaigns to be initiated to support the re surge of the important tourist industries.

TOPMexicoRealEstate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!" Region: Cozumel Real Estate Rita Sheese is the Cozumel AMPI chapter president. She is also a member of the Cozumel Urban Planning Commission and Foundation for Strategic Planning for the Caribbean Island. She began her career in Property Management and Real Estate Sales since 1985. (512)-879-6546