Riviera Maya, Q.R. — The real estate outlook for this year is good with a diversification of tourism and development. Miguel Ángel Lemus Mateos, President of the Quintana Roo Real Estate Developers Association says the Mexican Caribbean is the leader in attracting tourism capital in Mexico.
“In the 2025 trends, to maintain investment momentum, we estimate the opening of at least five new hotels. Three will be in the Costa Mujeres area and two the Riviera Maya. This will significantly boost job creation. In short, the combination of private capital and public spending on infrastructure will continue to drive the economy to stratospheric levels,” he said.
An investment of around $2 billion USD is estimated for these five hotels, demonstrating that Quintana Roo is experiencing a boom in its real estate and tourism development industry.
In 2024, private investment reached historic highs with multi-billion-dollar projects alongside unprecedented public investments in infrastructure. This public-private synergy has resulted in the opening of new markets while strengthening mature destinations like Cancun and Playa del Carmen.
He says the largest investment areas in the state are Cancun, Tulum and Playa del Carmen.
The capital composition is mixed, he said. American and European foreign funds provide international branding and scale, while national and local capital ensures long-term roots and continuity, so expectations for 2025 are optimistic.
“Private investment in 2024 reached record levels, with approximately $1.7 billion announced in new tourism projects in the last quarter. Among the flagship private projects is Royal Caribbean’s $600 million investment in Cozumel and Mahahual, a new $400 million Ritz Carlton in Cancún and a $400 million investment in Punta Nizuc,” Lemus Mateos detailed.
He also mentioned the expansion of the Xcaret hotel at a cost of $700 million USD, Aldea Nizuc with a new lodging concept and an entertainment center that will accommodate more than 5,000 people in the next two years.
Additionally, more than three thousand new hotel rooms were added in Quintana Roo throughout 2024, primarily in Cancun, Riviera Maya and Costa Mujeres, reflecting the ongoing tourism real estate boom.
At the same time, mega-infrastructure projects have been promoted, such as the Maya Train which crosses Quintana Roo, the Tulum International Airport which has already accommodated around 1.3 million passengers and the construction of Tren Maya stations and hotels, which he says, add to the federal infrastructure investment.
The President of the Asociación de Desarrolladores Inmobiliarios de Quintana Roo says there is also the construction of the Nichupté vehicular bridge, another state investment of between $7 and $8 billion USD.
