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Mexico Caribbean represents more than 60 percent of vacation sales

Cancun, Q.R. — Mexico’s Caribbean claimed more than 60 percent of the country’s total vacation sales in 2017 reports Resort Condominiums International de México (RCI).

The growth in vacation ownership reported by RCI exceeded 4 billion peso in sales in 2017, of which the Mexican Caribbean represents 62 percent, making it a preferred vacation destination.

Alejandra Espinosa Chao, director of Business Development for Mexico, Central America and the Mexican Caribbean of RCI says the market for the purchase of vacation property throughout the region was headed by foreigners, which represented 81 percent of sales.

“For two years, the Argentine and Brazilian markets have been looking at the holiday property market as an option, which brings an important increase that helps the sector to grow every year,” he explained.

Currently in Mexico there are 199 affiliated developments. In 2017, they added six more in Quintana Roo including Ventus, Hotel Marina El Cid Spa & Beach Resort, H10 Ocean Riviera Paradise, Hotel Xcaret México, Seadust Cancún Family Resort and The Reef 28.

At an international level, there are approximately 4,300 affiliated developments that provide vacations to the more than 3.8 million members.

In the country, the main market comes from Mexico City.

Espinosa Chao explained that although Airbnb is competition, they see this concept as a diversification, noting there is a market for everyone and RCI will be working with affiliates to compete.