Los Cabos set a record in 2022 with more than 3.5 million foreign and domestic tourists arriving on its shores. For 2023 Rodrigo Sponda, head of the main Los Cabos Tourism fund (FITURCA), mentioned that the goal is for more than 4 million tourists to visit Los Cabos. This goal seems well within reach, taking into account that hotel reservations for the next 6 months in Cabo are 10% ahead of the numbers seen in 2022.
No Signs Of Slowing Down Despite Global Economic Uncertainty
Multiple countries across the world are dealing with major inflation issues, and that has even been evident in the cost of a Cabo vacation. In spite of the fact that the price for a Cabo vacation continues to climb, travelers still choose to travel to Cabo over other popular beach destinations.
Rodrigo Sponda had this to say about growth in Los Cabos not slowing down, as well as the rise in travel prices,
“The number of visitors grew by 25% last year, a number we did not expect. It wasn’t only the volume that increased, but also average nightly hotel rates jumped to 470 dollars a night. That’s 170 dollars more than in 2019. In spite of these prices, we saw longer stays and higher demand for different services that cater to tourists. We don’t expect to grow by 25% this year, but a 10% growth is likely.”
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Who Is Heading To Los Cabos In 2023?
Without question, the U.S. travel market is the main sponsor of the growth seen in Los Cabos. In fact, the region was able to put up record numbers despite the fact that it lost around 40% of its share of the Canadian market. Around 100 thousand fewer Canadians visited Los Cabos in 2022 compared to 2019. However, as travelers become more comfortable getting back out into the world, more Canadians will head to Los Cabos this year to escape the cold of winter and soak up some sun in one of the most popular beach destinations on earth.
While the U.S. and Canada certainly supply the most tourists to Los Cabos, they aren’t the only ones who love it there. In 2022 the Los Cabos airport received its first regularly scheduled flight directly from the Madrid Barajas airport. The event was highly celebrated in Los Cabos. As Los Cabos continues to explode in popularity with travelers from all over the world, more direct flights from new destinations are expected, and about 8 million Europeans are expected to visit this year.
What Keeps People Coming To Los Cabos?
Prices are increasing, yet more people are arriving in Los Cabos and even spending more time here while taking part in an increasing number of activities throughout their stay. According to Sponda, he believes that although Mexico as a whole has been smeared by violence, that bad press hasn’t reached Los Cabos. Rightfully so, Los Cabos continues to be graded as one of the safest cities in Mexico. Safety surveys are completed by locals who experience the region on a daily basis, and they continue to highlight how safe they feel in the area.
At the same time, even though prices are increasing, you can seemingly buy more amenities in Los Cabos with your investment. One of the reasons hotel prices are up so much is because of the rise of high-end all-inclusive resorts that are typically fan favorites. This means that in most cases, those 470 dollars that travelers are spending on their hotel fees come with perks like unlimited food and drinks. Since plenty of Cabo resorts operate as all-Inclusive properties.
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