When you're thinking about buying a vacation home in a beautiful destination or investing in a retirement home for the future, your first thought might not be to check tourism statistics for the region. However, while it is imperative that the location offers beauty, an appealing climate and plenty of attractions for you, its future tourism is also key. Tourism rates continue to climb in Belize as a whole as well as in Ambergris Caye in particular.
Discover why a thriving tourism economy is good news for anyone living or investing in the Grand Baymen.
More Flights That Suit Your Needs and Schedules
One of the more immediate ways residents at Grand Baymen can benefit from tourism rates that increase year after year is air travel. Currently, there is no shortage of international and domestic flights available from the main airport in Belize City.
However, an increase in the number of visitors also means more flights and more destinations. Having more options available to you means that your trips to the United States or Europe could end up being more affordable, faster and more convenient for your travel itinerary.
More Expat and Tourism-Focused Businesses
Another fantastic benefit of increased tourism to Belize and to Ambergris Caye in particular is the rise in businesses that you may enjoy. For instance, a lot of travelers from Britain may mean there is enough potential business to open up a new English pub, complete with live broadcasts of sporting events from the United Kingdom.
There may also be an increase in the number of shops within walking distance from your home, or smaller attractions in need of repair are more likely to earn the profits they need to make some significant changes for the better.
More tourism certainly means more options for residents in a number of different areas.
Improvements in Local Infrastructure
It would be a mistake to ignore the infrastructure implications that increased tourism will bring. More tourists are visiting than ever before, encouraged in part by celebrities like Bill Gates who flock to the beautiful waters and beaches of Belize.
More tourists equates to more people, which can lead to upgrades on roads, airports and utilities. Although the infrastructure at Grand Baymen and throughout Ambergris Caye is already topnotch, improvements in nearby areas will only add to the overall quality of life for residents.
Higher Property and Rental Rates in the Future
Not everyone who purchases property at Grand Baymen does so because of the warmth, the beaches, the world-class amenities or the amazing attractions. Some savvy investors are more focused on building equity and purchasing real estate while it is inexpensive in order to turn profits in the future with a resale.
More travelers to the area means more demand for rental properties, which means any real estate you own can be rented out as a way to bring in some extra income. Plus, many of those tourists who visit Ambergris Caye will fall in love with the area, coming back to purchase vacation homes and future retirement homes.
All of that increased demand will in turn lead to higher property rates, helping you make a bigger profit should you sell your Belize property in the future.
Tourism rates in Belize continue to soar, which spells more amenities, better infrastructure and more profit potential for anyone who lives at Grand Baymen or owns property there.