3rd Tourism and Real Estate Investment Forum
An exhibition of interesting concepts, analysis and trends of Tourism in Los Cabos took place within the framework of the 3rd Tourism Forum IMEF (Mexican Institute of Finance Executives) 2022, at the Hacienda del Mar Los Cabos, Resort, Villas & Golf last July 29.
The central theme was Tourism and Real Estate Investment addressed by renowned and experienced speakers such as Rodrigo Esponda, Director of the Los Cabos Tourism Trust, who delved into the importance of planning and structure to promote the destination nationally and internationally in different levels, dimensions and segments. There was also an exhibition by Maestro Fernando Olivera, secretary of tourism for Tamaulipas; of Master Daniel Becker, president of the Association of Banks of Mexico, and; by Francisco Parra, senior executive and partner of Grupo Querencia’s Tourism Development who focused on the profile of the real estate industry in Los Cabos. The moderator of the conferences was Michel Picket, member of the IMEF.
It was precisely Francisco Parra who directly and simply emphasized the main reasons for the interests of visitors to Los Cabos; the importance of the fortresses of destiny; of the 20 most important developments currently operating and their social and economic impact in the area; of the costs and recent activity of the real estate sale; demographic aspects of investor profiles and characteristics.
The financial theme was recurrent among the exhibitors as well as the opportunities, threats and weaknesses as well as the interaction of the private initiative with the public sector and its vulnerable aspects that negatively affect development such as the loss of confidence in the investor and the deficiencies in the effectiveness of the basic and administrative services of the public sector.
After the keynote speeches, a panel of renowned entrepreneurs followed who shared their experiences. Among them, the prominent developer Ernesto Coppel, creator of the Pueblo Bonito hotels and several successful tourist real estate developments, who emphasized the intention that every destination should have in the construction of hotels and investment models that range from timeshares, product sales real estate in its different forms such as fractional and full time (full ownership); also Juan Fernández Sánchez-Navarro, Director of the Olarena Group that includes hotels, restaurants and luxury developments, who highlighted the importance of the Private Initiative being involved in the decision-making of the Public Administration so that it is more efficient, simplified and durable in its urban plans in the short, medium and long term.
The American businesswoman Vanessa Fukunaga, the main shareholder of Engel&Völkers, a real estate agency, also participated. Rubén Reachi, a prominent executive from Olarena and especially from Saint Regis Los Cabos, which will soon be opened facing the Mexican Pacific, was the moderator of this panel.
It is worth highlighting the extraordinary work of organization of the crowded Forum by Gabriela Rodríguez, Director of Mifel Banco and president of the IMEF Los Cabos and her work team.
