Sunday, August 25, 2024 Tourism in Los Cabos has been on a remarkable upward trajectory over the past three years. The region has seen a consistent rise in visitor numbers, along with an increase in the cost of accommodations, dining, and other travel-related expenses. As Baja California Sur’s southernmost municipality continues to attract vacationers from around the world, the big question is: how long can this trend last? With rising costs, one might expect a slowdown, but the data for the first half of 2024 tells a more nuanced story.
According to the Los Cabos Tourism Board (Fiturca), despite higher hotel rates, tourists are still flocking to the area. The average daily rate for hotel rooms has climbed from $417 in 2022 to $452 in 2023, and now to $517 in 2024. Surprisingly, these rate hikes have not deterred visitors, with hotel occupancy rates at 76% in 2024, slightly up from 70% in the previous two years.
However, room rates vary significantly depending on the location within Los Cabos. For instance, hotels in the Tourist Corridor, which connects Cabo San Lucas and San José del Cabo, commanded an average room rate of $626 in 2023. In contrast, rooms in San José del Cabo averaged $383, while those in Cabo San Lucas were $316.
The higher rates in the Tourist Corridor are attributed to the presence of luxury properties such as One&Only Palmilla, Las Ventanas al Paraíso, and Montage Los Cabos. Interestingly, while international visitor numbers are slightly up, the .