Today’s savvy travelers look to truly experience the places they visit. They want the luxury and amenities of a hotel, but with the comfort, convenience, and independence of home, making vacation rentals the ideal choice. As Airbnb co-founder Brian Chesky said, “Airbnb is about so much more than just renting space. It’s about people and experiences. You’re not getting a room, you’re getting a sense of belonging.”
Record numbers of tourists are traveling to Mexico, with the greatest number of visitors arriving to the Caribbean coast. Indeed, Cancun International Airport is projected to receive more than 9 million people annually by 2025. With the growing popularity of vacation rental portals such as Airbnb, there’s never been a better time to invest in the Riviera Maya. Properties used as vacation rentals provide a great return on investment (ROI), with full capital recovery expected within 7-10 years.
If you’d like to cash in on this growing trend, consider these keys to a successful vacation rental property!
Location, Location, Location
The ideal vacation rental is located in the heart of the destination, near all of the hot spots that attract visitors there in the first place. Walkability is a key factor. To feel at home in a place- and to make the most of their time there- vacationers want easy access to all the sites and entertainment, as well as modest conveniences like supermarkets.
The comfort of Home, Amenities of a Hotel
Being in a homier accommodation does not mean that guests want to sacrifice the amenities of a luxurious hotel. Discriminating travelers will still look for basic amenities such as a swimming pool, private balconies, and exercise equipment. They are on vacation, after all. The more amenities are available to your guests, the higher the potential per diem.
Pricing your Property
Speaking of cost per night, leave this part to the professionals. An experienced property management company will have extensive knowledge of the going rates and the rental potential of your property, helping you to maximize your profits. Believe us, it will pay off in the end.
The Devil is in the Details
Just like with a hotel, your guests will prefer impeccable attention to details. Comfort means clean and well-equipped. Simple things like towels, toiletries, and some local maps and info along with a short Welcome Letter go a long way. Review the details before your guests do.
Overall, make your guests feel right at home!
Vacation rental properties in the Riviera Maya provide terrific opportunities for investors looking for great ROI. If you’d like to cash in on this growing trend, let Top Mexico Master Broker introduce you to Sofia Boutique Condos. Grab your key to vacation rental success!