Though the numbers from this year’s tourist season are not in, the data is in from 2009 and it’s a pretty happy story. Uruguay had a record tourism industry year in 2009. According to MercoPress, 2.1 million guests visited Uruguay during the year and spent almost 1.5 billion U.S. dollars.
“This represents a record both in the number of tourists and revenue for the country,” stated Tourism Minister Hector Lescano during a press junket featuring the country’s 2009 tourist data. Even more impressive is that these record numbers do not even include cruise visitors, which Lescano adds is “a booming industry.”
For those of us looking for rental income from our investment property, this is indeed good news. For the first time in three years, we’re seeing owners with 100% occupancy from mid November through April.
These occupancy numbers are driving returns to 10% and more with ease.
The case for owing Coastal Uruguay real estate and investment property is compelling.
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