For decades, Belize has been a carefully guarded secret among savvy and intrepid travelers. Just a few hours away from the East Coast of the United States, Belize offers an incredibly rich history, vibrant local culture, amazing seafood, an unbeatable climate and stunning beaches.
All of this, and Belize is still an affordable place to vacation or live full-time. In recent years, the secret has officially gotten out, and rising numbers of tourists are flocking to Belize and, in particular, hotspot destinations like Ambergris Caye.
Find out how Belize's booming tourism industry signals success and a solid future for the Grand Baymen, its visitors and its investors.
Greater Demand Linked to Increasing Property Prices
Perhaps the biggest and most exciting way that increased tourism is good for investors has to do with the property market. As more and more people visit Belize, fall in love with the beautiful nation and even consider retiring to the area or purchasing vacation rental properties, demand for real estate grows.
Anyone who has taken an introductory course in economics knows that an increased demand, and a limited supply, will only drive up prices. Although real estate in Belize today is still very affordable, encouraging investment in strong communities like the Grand Baymen, over time your investment could increase significantly in value.
Growing Expat Community in Belize
One of the things that expats love about living in places like the Grand Baymen is the melting pot of cultures and the incredible diversity of residents. In Belize, you can mingle with locals at a fantastic restaurant, meet a couple from Argentina by the pool or make friends with your neighbors, a family from the United States.
Rising tourism in Belize means that the expat community will grow in size, increasing the diversity and making it easier than ever before to meet like-minded people from all around the globe without leaving your neighborhood.
Thriving Businesses Catering to Visitors and Expats
One benefit of a thriving tourism economy in Belize is that more local businesses will be able to grow. This can greatly improve the lives of local residents by bringing money directly to the hands of those who run places like restaurants, souvenir shops and boat rental shops.
Plus, these businesses will grow and expand in order to fit the market created by expats, which means that the products and services may be tailored toward the expat community.
This is what makes it possible for British residents to enjoy a full English breakfast at a local restaurant or for an American grandparent to secure their grandchild's favorite cereal from a nearby grocery store before a visit.
More Flights to and From Belize
More tourism means that flights coming in and out of Belize will get fuller faster. As a result, airlines will beginning offering more flights to more destinations.
Today, there are at least four major airlines flying between the United States and Belize City, but that number can be expected to grow.
Also growing is the list of destinations in the United States offering direct flights to Belize, which is a big plus for anyone planning to live in or visit the Grand Baymen.
There is no denying that due to a number of factors, Belize's tourism is on the rise. This is absolutely good news for those planning to visit or invest in the Grand Baymen in Ambergris Caye.