Mexico's Riviera Nayarit – Mexico’s pacific treasure and newest destination – proudly announces a successful 2018 with average occupancy rates of 75 percent throughout the year and growth among relevant segments. In 2018, tourism remained a driving force behind the destination’s economy representing more than $1.6 billion (USD) in revenue.
Riviera Nayarit maintained strong hotel occupancy throughout the year, peaking at 91 percent in February, the destination’s high season. At 2.38 percent, average per room density also remained low in 2018. Four- and five-star properties performed particularly well, with occupancy averaging approximately 65 percent in 2018, and a year over year increase in luxury inventory of nearly 5 percent; furthermore, luxury property rates grew by more than 20 percent in 2018 due to market demands. The markets that generated the most demand for Riviera Nayarit were the United States, Canada and the domestic Mexico market. The fastest growing markets in 2018 included the United Kingdom, Colombia, Argentina, Spain and Brazil.
The destination expects to continue evolving in 2019 and beyond with major developments including:
In 2019, Riviera Nayarit will expand its hospitality inventory with the addition of 140 suites from Grand Sirenis Matlali, expected to complete the second stage of the luxury beachfront development; Marival Resorts will open its third property, Marival Armony Punta de Mita, which will have more than 260 guest rooms; a 300-room Iberostar property in Litibu; the completion of Conrad Hotels & Resorts’ renovation and reflagging of the former La Tranquila Resort, to be dubbed Conrad Playa Mita; and the completion of Four Seasons Resort Punta Mita's four-year, $30 million enhancement project. The Four Seasons Punta Mita is also opening a new on-property dining destination, Dos Catrinas, with seating for nearly 300 guests and modern décor that aims to compliment an authentic, culturally-rich menu.
Looking even further ahead, Rosewood Hotels & Resorts will debut Rosewood Mandarina with 130 guest rooms, suites, villas and common areas and décor and design inspired by local indigenous Huichol and Cora culture. In 2020, One&Only Mandarina will house one of the world's first One&Only residence collections, One&Only Mandarina Private Homes. In addition to welcoming the Mandarina Polo and Equestrian Club next year, Riviera Nayarit will add AMResorts’ Dreams Punta de Mita Resort & Spa and Secrets Punta de Mita Resort & Spa, as well as a new Auberge Resorts Collection property, Susurros del Corazon.
2021 and beyond
The second half of 2021 will see the debut of Costa Canuva CIP, a nearly two billion dollar luxury development project that will be home to five new resorts, adding more than 7,000 rooms to the destination and including the first Fairmont property in the region. Offering more than four miles of pristine beaches, the coastal compound will have 2,500 waterfront residential units and a champion golf course designed by Lorena Ochoa and Greg Norman.
Scheduled to open in 2022, the Ritz-Carlton Reserve Riviera Nayarit will have 110 deluxe rooms, suites and private villas with ocean views. The exclusive property will be situated in El Santuario, within the master development of Costa Canuva, which will be surrounded by nature, including a private beach, cliff views, three restaurants, a bar, group and event spaces, two swimming pools, a spa, shops and more.
While an official date is not yet confirmed, Grupo Vidanta is also planning to open the first Cirque du Soleil theme park in Mexico, an immersive natural and water park with capacity for up to 5,000.