Playa Del Carmen, Mexico (PressExposure) November 12, 2010 -- The income of Grupo Aeroportuario del Sureste (Asur), which operates the Cancun International airport, among others, during the third quarter represented an increase of over 30% over the same period in 2009. For the Mexico condo market, especially in markets like the Cancun real estate area, this statistic is significant in indicating healthy tourism growth, a basis for many of the advantages of investing in the area.
The total income during the third quarter for ASUR amounted to about $79 million USD (955.5 million pesos), showing a sharp rise of 33.7% over the same period of 2009. In the same period, passenger traffic rose 10.78 percent.
According to Jose Itzamna Espitia, an analyst at IXE Financial Group, the rise in revenues derived from an easy basis for comparison, since in the third quarter of 2009, the company "still felt the effects that the influenza outbreak had caused on passenger traffic."
On the other hand, the rise shows that after the "swine flu" and the brunt of the recession, passengers are returning to location such as Cancun with confidence. Non-flight revenues highlighted the rise in funds from commercial activities such as duty free shops, car rentals, etc, whose growth was 18.13% in response to the increase in passengers. This also shows that these same passengers are spending more comfortably again.
While Asur operates several airports, Cancun is the largest.
For the Cancun condo market, the return of visitors and growing confidence in spending means that the world-class services for which Cancun has become known will also continue to thrive and increase in this location. These same services greatly benefit American and Canadian residents of Cancun, providing a high quality of life at a lower cost than in their home countries.
Condos are the principal market, but Cancun homes will also benefit for the same reasons.
Another group of buyers who will benefit from the implications of this increase are investors who buy properties in Cancun to rent out to vacationers; tourist numbers on the rise again indicate a healthy market of vacationers.
On the whole, Cancun's recovery from the effects of the recession has been steady, and the area has also been adapting to draw new types of tourism. With tourist numbers back on the rise, buyers can invest in Cancun real estate with confidence both in terms of lifestyle and return on investment.
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