Looks like investing in hotels would’ve been a smart move for retirement funds, given the recent trends. According to the Los Cabos Tourism Fund (FITURCA), average hotel room rates have surged by a whopping 65% since 2019. Despite these high prices, hotel occupancy rates have also seen a substantial increase of 35% over the same period.
Rodrigo Esponda, head of FITURCA, emphasized their strategy of focusing on ultra-luxury resorts aimed at the ultra-wealthy. This direction suggests a lucrative market catering to high-end travelers seeking exclusive experiences.
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So there. Go out and make some extra money if you want to hang around with us.
