Airbnb does in 7 years what Hotels in Cancun couldn't do in 30

February 18, 2019
Share this Post: 

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The president of the Hotel Association of Cancun and Puerto Morelos, Roberto Cintrón Gómez, revealed that in 2018 a total of 951,400 travelers chose to stay in Airbnb rental rooms instead of the traditional lodging centers of the Mexican Caribbean.

Roberto Cintrón Gómez reported that the same year, they had a loss of more than 2,800 million pesos, that is to say, at least 145 million dollars, for which reason he explained that they suffer unfair competition, product of said application, as well as other plus.

He explained that it took 44 years for Cancún to have 34,000 hotel rooms available, compared to the platform that in seven years already has an offer of 30,000 rooms in this tourist spot in Quintana Roo.

He said, according to qroohoy, that they have sought meetings with the Secretary of Tourism of the federal government, Miguel Torruco Marqués, to propose legislation to regularize this type of digital platforms and establish the payment of certain taxes in order to reduce this "unfair competition" "

On the other hand, the Airbnb vacation rental platform reported that during the year 2018, its hosts in Quintana Roo obtained revenues of more than 2 thousand 100 million pesos, equivalent to 106 million 700 thousand dollars, that is a little less than half that what the hoteliers would have obtained.

Likewise, said company emphasized that the annual profit of a typical host in Quintana Roo was 68,300 pesos, equivalent to 3,600 dollars. He also acknowledged that during 2018, Airbnb collected and delivered more than 60 million pesos for lodging tax.

Airbnb in Mexico, digital platform through which private homes are rented to travelers from anywhere in the world, reported during 2018 the arrival of 951 thousand 400 travelers to Quintana Roo (Almost a third of travelers avoid hotels in the Mexican Caribbean ).

In December 2018, the governor of Quintana Roo, Carlos Joaquín González entered into the State Congress an initiative to reform the Lodging Tax Law that imposed on Airbnb-type vacation rentals not only the lodging tax but also the processing of operating licenses and their registration before the State Register of Taxpayers.

The reform introduced the concepts "digital platform" and "hosting services", which made all those who rent their private homes through any type of digital platform, such as Airbnb or Homeaway, mandatory entities of the law. others

Three out of ten tourists staying in the Mexican Caribbean already choose to do it in an apartment, according to the Airbnb vacation platform and how REPORTUR.mx was collected (Airbnb in the hotel distribution: Latin experts give the keys)

Both statewide and adding Benito Juárez would total more than ten thousand rooms accounted for and that would be looking to regularize to offer greater security to the visitor, said Eduardo Mariscal de la Selva, director of the municipality's audit.

There are 18 thousand tourists who are staying in Cancun on one of the platforms on a daily basis, since the occupation is 80%, although it is not known where they are, how they are being cared for and therefore the concern to regulate the market niche.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference. March 19-22, 2019

February 18, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Costar Q1 2024 Feat
CoStar Group Q1 Results: Homes.com Drives 12% Year-on-Year Revenue Growth to $656 Million

CoStar Group has released strong financial results in the same week that it announced its intention to acquire Matterport for...

Read More
Hemnet Feat
Hemnet Q1 2024: Strong Performance Across the Board for Swedish Market Leader

Swedish market leader Hemnet has revealed impressive results for the first three months of 2024, recording healthy double-digit growth YoY...

Read More
Costar Matterport
CoStar Group to Acquire Tech Firm Matterport for $1.6 Billion

CoStar Group has announced it will acquire the industry-leading real estate tech firm Matterport for $1.6 billion subject to shareholder...

Read More
Shutterstock 181374380
FangDD Full Year Financial Results for 2023: Net Losses Shrink as Revenues Rise

Chinese portal FangDD has released its full-year financial results for 2023, with optimism despite China's slow recovery post-pandemic. Highlights include:...

Read More

Editor's Pick