The short-term rental industry in Riviera Nayarit is experiencing notable growth, attracting the attention of travelers seeking new and more affordable alternatives to more traditional destinations like Puerto Vallarta. Amidst this flourishing landscape arises a need to understand the factors driving this growth and predictions for its future development.
Riviera Nayarit is at the forefront of a rising tourism trend, with an impressive 17% increase in demand.
This surge is attributed to an active search for more economical options by travelers, driving renewed interest in destinations like La Cruz de Huanacaxtle (LCDH) and Bucerias. In these areas, the growth in reserved nights is particularly noteworthy, with increases of 49% and 33%, respectively.
However, this surge in demand has not been sufficient to maintain occupancy rates, which have experienced a 10% year-on-year decline. This trend is explained by a faster growth in supply, which has increased by 24% annually.
In Riviera Nayarit’s market dynamics, we see an interesting interplay between supply and demand. Despite a decrease in the rate of new vacation rental units, the number of available nights has notably increased by 24% year-on-year.
Cities like La Cruz de Huanacaxtle and Bucerias are showing even more impressive growth, with annual increases of 61% and 40%, respectively.
On the other hand, the 17% growth in demand is attributed to tourists seeking more affordable alternatives to Puerto Vallarta.
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