Hotel investment in Cancun does not stop and projects 17 000 new rooms

13/07/2020

The investment appetite does not stop in Cancun. Although some hotel construction has been delayed because of the pandemic, it continues to advance as construction has been included as an essential activity and there are even new projects underway.

Cancun hotel investment on the rise with plans for 17,000 new rooms. Image: Undraw
Cancun hotel investment on the rise with plans for 17,000 new rooms. Image: Undraw

"There are already announcements of some properties and we have new applications for environmental impact or construction licenses throughout Quintana Roo," explained the Secretary of Tourism of Quintana Roo Vanegas, as reported by Quintanafuerza.

The state has granted licenses for the construction of 17,000 new hotel rooms in the north and south of Quintana Roo, which will be developed in the next two years, according to state government data.

Among these investments is that of Grupo Misión, which has announced two new hotel projects in Quintana Roo, which although they were stopped for four months, will now regain strength, according to Elpuntosobrelai. One of these is located in Tulum and the other in Cozumel.

The Quintana Roo Secretary of Tourism has also assured that she foresees a hotel occupancy of 60% or even more in the state by December.

"By December we are already estimating that we will have an occupation of around 60% or maybe a little higher and this means that we will have jobs for many more people in the state," reported Radio Fórmula.