The numbers are in, and it would seem that both Cancun and Tulum were amongst the biggest winners on the Airbnb platform over the past few weeks. Airbnb’s records show that both of these cities in the Riviera Maya were amongst the most searched by travelers. Not only that, but people offering properties for rent on the platform cashed in big during this peak season.
Through the last couple pandemic riddled years the way that people travel has changed quite a bit. The growth in demand for private lodging options has grown exponentially, Tulum is one of the places that has seen the development of a booming property rental market over the last few years.
Tulum Property Owners Are Cashing Big On Airbnb
According to stats published by Airbnb, Tulum property owners made on average 1,200 dollars for the rent of their properties throughout the official week of Mexican spring break. Ironically, Tulum seems to be the preferred destination of international tourists. Most of the tourists that arrived in Tulum to spend the Holy Week came from cities like Los Angeles, New York City, London and Toronto.
Visitors from the national market made their way to Tulum primarily from Mexico City. These tourists are willing to pay steeper lodging prices to head to Tulum instead of the Cancun area. On average a weekly stay in Tulum can cost double what you’d pay to stay the week in a similar home or apartment in Cancun.
Airbnb reports that over the pandemic years the revenue for property owners in Tulum has grown over 167% compared to the numbers they posted in 2019. In 2021 alone the total revenue for Tulum property owners sat at around 96 million dollars. The numbers certainly seem to verify the idea that more and more tourists are looking for private lodging options. Instead, of settling for the typical all-inclusive hotel package deals, that have become synonymous with Mexican beach vacations.
Cancun Relies More On The National Market
As previously stated, the Cancun area is more reliant on the national tourism market for its rental homes. With travelers from the Mexican capital city as well as Monterrey, and Guadalajara making up the bulk of the reservations made to stay in Cancun over Holy Week. Travelers coming from the Colombian city of Bogota as well as Americans from L.A. round out the top five.
The average price tag that tourists had to pay to stay in Cancun over the last week sat right around 650 dollars. These stats could certainly indicate that staying in Cancun is considerably cheaper than heading out to Tulum. However, we do have to take into account that the amount of lodging options in both places isn’t necessarily comparable. There are plenty more lodging options posted on Airbnb in the Cancun main city region than there are in Tulum. That’s one of the reasons why the price tags look so different.
Even though the average price tag for a Cancun trip is lower, business is still looking up for property owners in Cancun. Their total revenue has also seen an exponential growth over these last two pandemic riddled years. Although, their 42% revenue growth from 2019 to 2021 seems like a rather modest number when compared to the growth that the Tulum market has had. This spring break season typically sees lodging options reach their highest price points of the year. It’s likely that a week in Tulum moving forward could drop below the current 1200 dollar mark that it reached at last week’s pinnacle. Prices could see another uptick though through the summer months, and then towards the end of the year holiday season.
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