New Airbnb Regulations: How They Affect You Before It’s Too Late!

Are you thinking about investing in vacation rental properties in the Riviera Maya? Or perhaps you’re planning a vacation in this region? In either case, it’s important that you’re aware of the upcoming changes in Airbnb regulations in Quintana Roo. Let’s dive into this new world of opportunities and challenges.

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The Airbnb Boom: Numbers That Speak Volumes

Imagine thousands of small hotels popping up out of nowhere across the state. That’s how we could describe the Airbnb phenomenon in Quintana Roo:

  • 44,263 registered accommodation units as of February 16, 2024.
  • Average occupancy of 50%.
  • Average nightly rates of $2,800 Mexican pesos.

Surprising, right? And to think that in 2019, before the pandemic, this figure didn’t even reach 132,000 units nationwide. These numbers illustrate a voracious growth that threatens to displace traditional hotels. The new Airbnb regulations aim to bring order to this unprecedented boom.

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Listen Up, Hosts! These Are the New Rules of the Game

Whether you plan to rent a room or an entire property, these are the Airbnb regulations you can’t ignore:

1. Time to Pay Taxes and Obtain Licenses

From April 2023 onwards, all individuals or entities offering Airbnb accommodation in Quintana Roo must:

  • Pay a 6% Lodging Tax (1% higher than traditional hotels).
  • Get an operating license.
  • Register with the state registry.
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Tulum

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2. Permitted Locations and Strict Safety Requirements

To enjoy a peaceful and safe vacation or protect your investment, it’s important that Airbnb properties meet certain requirements. You can only operate in:

  • Authorized tourist zones.
  • Properties with emergency exits, trained staff, and wastewater treatment systems
  • A change in zoning from residential to commercial use may be required.

3. More Obligations You Can’t Ignore

In addition to the above, the new Airbnb regulations require that all platforms, hosts, and users:

  • Purchase civil liability insurance.
  • Join tourism committees and funds.
  • Report data and information to digital platforms.
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Good News for Traditional Hotels: Unfair Competition Ends!

If you’re part of the hotel industry, these new regulations will level the playing field by requiring Airbnb to meet similar standards:

  • Unfair competition will be curbed.
  • There will be greater formality and tax compliance.
  • Decent and safe accommodation conditions will be guaranteed for all.
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Aerial view of Cancun’s hotel aerea

The Fail-Safe Route to Investing in Vacation Rental Properties

Do you dream of acquiring a vacation rental property in Tulum, Playa del Carmen, or Cancun? Follow these steps to ensure the Airbnb regulations don’t become an obstacle:

  1. Define your strategy: Rent for the entire season or just during vacation periods?
  2. Find the perfect location: Authorized zones with high tourist demand.
  3. Seek advice on procedures: Compliance with new rules and requirements.
  4. Build or acquire: A property suitable for commercial lodging use.
  5. Register: List your property in the registry and digital platforms.
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Regulatations for a Brighter Future

Yes, there will be some initial adaptive challenges, but the new Airbnb regulations will lay the foundations for a more solid and prosperous sector:

  • Greater legal security for tenants and property owners.
  • Preservation of the tourist essence of paradise destinations.
  • Increased property values due to regulated demand.
  • Robust economic impact with higher-quality tourism.

Ready to dive into this new era of responsible vacation accommodation? At Cinco Real Estate, we accompany you in making your real estate investment dreams a reality in the magical Riviera Maya. Contact us today!

Don’t let these Airbnb regulations catch you by surprise. Use this article to stay ahead of the curve and capitalize on the new opportunities emerging in one of the world’s most sought-after tourist destinations. The Riviera Maya awaits!

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