Strong Investment in Puerto Vallarta Continues
Mexico’s Puerto Vallarta continues to attract international investors to its shores as tourism arrivals continue their steady increase to the destination.
Earlier this month the AAA Four Diamond Hyatt Ziva Puerto Vallarta officially opened its doors making it the sixth property to open in Puerto Vallarta in the past 12 months.
The Mexican destination is already looking at the next group of properties to open this year with the Posada’s Group already building a new Fiesta Americana property. New construction in other properties is also scheduled to take place during the summer months when Puerto Vallarta’s properties tend to take on larger reconstruction properties.
Construction has been going strong in Puerto Vallarta as tourism arrivals has steadily been increasing since 2008 and 2015 seems to be on its way to surpass 2014’s 1.5 million arrivals. Hotel occupancy has been between 85% and 100% for the past eight consecutive months.
Cruise ship arrivals are also up with 145 cruises expected this year.
