Belize Tourism & Investment Data First Half of 2024 (January to June)

Belize Investment 2024

 

2024 has been a record-breaking year for Belize tourism! In 2024 (January to June), Belize has had the highest historic overnight tourism arrivals.

The Belize tourism growth and record-breaking tourism in 2024 has earned Belize the title of “Fastest Growing Caribbean Destination”. Based on the year-over-year tourism growth, Belize is the Fastest-Growing Caribbean Destination.

 

Belize Fastest Growing Caribbean Destination in 2024

 

 

Belize Fastest Growing Caribbean Destination

Belize Fastest Growing Caribbean Destination in 2024

 

The Caribbean Hotel & Tourism Association (CHTA), with lead travel analyst ForwardKeys, released a comprehensive report on Caribbean Tourism.

Belize has seen a 30% increase in international tourists in the first half of 2024 from 2023.

The 30% growth rate in Belize is impressive when compared to other Caribbean destinations like Puerto Rico, the Dominican Republic, Aruba, Cancun, The Bahamas, the Cayman Islands, and more.

 

 

Belize Overnight Tourism Arrivals in 2024

2024, has been a record-breaking year for Belize tourism. Belize overnight tourism is up 30% in 2024.

 

 

Belize Monthly Tourism Arrivals

 

 

 

 

 

 

Belize 2024 Tourism Growth

 

2024 has seen record-breaking inbound tourism numbers. This has been largely due to the increased number of direct flights and the improved accessibility to Belize (internationally).

Total Overnight Tourists to Belize in 2024 is  +30% higher than in 2023 (January to June) and +19% higher than 2019 (prior peak tourism numbers).

 

 

 

 

Belize saw a 30% tourism increase in 2024 (January through June) compared to 2023.

The Caribbean overall tourism is up 13% in 2024 compared to the year prior (2023 from Jan to June).

The 30% increase shows the pace that Belize is far outpacing the region for tourism growth year-over-year.

 

 

 

Belize also had an increase of 19% in tourism arrivals from the benchmark tourism of 2019 (compared to the same timeframe before the pandemic).

Caribbean travel is 10% higher in 2024 than pre-COVID levels of 2019.

The +19% increase shows the pace that Belize is outpacing the region for tourism growth post pandemic. A strong indicator of the trajectory of Belize tourism and tourism recovery!

 

 

Belize & Caribbean Tourism 2024 vs 2023

Belize tourism and overnight arrivals, has had a record-breaking year. Belize saw a 30% increase in 2024 (January through June) compared to 2023.

The Caribbean overall tourism is up 13% in 2024 compared to the year prior (2023 from Jan to June).

 

 

Belize & Caribbean Tourism 2024 vs 2019

Belize also had an increase of 19% in tourism arrivals from the benchmark tourism of 2019 (compared to the same timeframe before the pandemic).

Caribbean travel is 10% higher in 2024 than pre-COVID levels of 2019.

 

 

Belize tourism in 2024 has also increased +19% from 2019.

When compared to the regional stats. Caribbean tourism is 10% higher in 2024 than pre-COVID levels of 2019.

The +19% increase shows that Belize is outpacing the region for tourism growth and recovery.

 

 

 

 

 

Factors to Belize Tourism Growth

The ForwardKeys report also included stats on all the Caribbean markets and the factors driving regional and destination growth.

  • 2024 has seen record-breaking inbound tourism numbers for Belize. This has been largely due to the increased number of direct flights and the improved accessibility.
  • New York Travel to Belize is up +91% in 2024. This is largely due to the direct flights from JFK.
  • Increased Family Travel. Belize was the second-ranked destination in the region for family travel, with a +35% increase, following only Curaçao, which saw a 38% increase.
  • An Increase in Latin American visitors (Colombia, Brazil, and Argentina in particular).
  • An increase in travelers visiting the Caribbean to attend carnivals and festivals.

 

 

Belize ranks 2nd among all destinations in the region, with a 35% increase in family travel.

Increased Family Travel. Belize was the second-ranked destination in the region for family travel, with a +35% increase, following only Curaçao, which saw a 38% increase.

 

 

 

Belize Tourism by Destination

Belize Tourism is primarily US-based. 2024 Belize Tourism is:

  • 69% USA
  • 11% Canada
  • 20% Other

New York Travel to Belize is up +91% higher in 2024 than 2023, following the launch of new direct flights in December. When direct JFK flights started with JetBlue.

 

 

 

Belize Seat Capacity & Tourism

Belize in 2024 has seen record-breaking inbound tourism numbers. This has been largely due to the increased number of direct flights and the improved accessibility to Belize (internationally).

Belize also leads the region for seat capacity in 2024 at +43% from 2023. The more flights and higher seat capacity, the higher the level of interest and accessibility.

 

ForwardKeys Seat Capacity includes information on scheduled direct flights and their seat capacity to the different destinations.

Airline capacity reflects the planned total seat capacity airlines expect to offer. Change in seat capacity is a reflection of the supply and demand for a destination.

 

 

Belize Direct Flights

New York direct flights with JetBlue from JFK had a massive impact on Belize’s tourism growth. New York travel was the highest year-over-year increase (from any origin destination) in 2024. New York Travel to Belize is up +91% in 2024 compared to 2023.

United Airlines announced the launch of new nonstop flights from San Francisco (SFO) to Belize (BZE). Direct Non-Stop Flights Begin December 21, 2024.

Much like New York direct flights, San Francisco will have a large impact on Belize tourism growth!

The flights are also timed to sync with United’s TransPacific schedule from SFO, enabling one-stop connections to destinations lіkе Таіреі, Hong Kong, Dubai, and Singapore.

 

JetBlue Non-Stop Flights New York to Belize

United Airlines Direct Flights from San Francisco to Belize

 

 

 

 

 

 

 

Ambergris Caye Belize

Ambergris Caye has been the epicenter of Belize tourism for years and remains the country’s top tourism destination. Ambergris Caye and San Pedro Town are the top destination for overnight tourism in Belize. With 53.2% of the Overnight Tourists coming to Ambergris Caye.

The growth in tourism to Belize and Ambergris Caye has led to higher occupancy, and higher nightly rental rates (for vacation rentals).

In 2024, the average occupancy of vacation rentals from January to June was 67.5%. The nightly rental rates for Ambergris Caye vacation rentals have been $290 per night in 2024 (January to June).

 

 

 

The nightly rental rates for Ambergris Caye vacation rentals have been $290 USD per night in 2024 (January to June). This is for all unit-types and bedroom count. Which is a +34.3% increase from 2019.

 

For more information on Belize real estate and investing in Belize, contact us!

 

San Francisco to Belize Non-Stop Direct Flights Announced with United Airlines

Direct Non-Stop Flights from San Francisco to Belize

 

United Airlines is launching new nonstop flights from San Francisco to Belize.

The new nonstop flight between San Francisco and Belize City will start direct flights later this year and have the first flight from San Francisco (SFO) to Belize (BZE) on December 21, 2024.

United opens a new seasonal route between San Francisco (SFO) and Belize City (BZE).

Beginning on December 21, United will operate a redeye flight from its hub at SFO to Belize every Saturday.

 

United Airlines and Belize have announced the launch of a new nonstop flight from San Francisco, opening up an important source market for the fastest-growing destination in the Caribbean for 2024.

 

United Airlines Direct Flight San Francisco to Belize

The new flight to Belize from San Francisco will operate on Saturdays between December 21, 2024 and through April 30, 2024. To capture summer vacationers, United will also run the route from the end of May through August 17, 2025.

According to the airline, the outbound flight will depart San Francisco at 12:30 a.m. PST and, after a 5-hour-and-24-minute flight, land at Philip S. W. Goldson International Airport (Belize International Airport) at 07:54 a.m. local time.

The returning UA 2850 will depart Belize at 10:15 a.m. and land in San Francisco six hours later, at 2:24 p.m. PST.

The flights will be operated by a Boeing 737 MAX 8, with 16 reclining business class seats, 74 premium economy seats, and 101 economy seats.

 

 

International Connections

The route will also open up San Francisco to Belizean travelers. The flights are also timed to sync with United’s TransPacific schedule from SFO, enabling one-stop connections between Belize and Asian cities such as Hong Kong (HKG), Singapore (SIN), and Taipei (TPE).

 

Тhе nеw flight route will be the 5th Unіtеd nоnѕtор route tо Веlіzе. United Airlines currently has direct non-stop Belize flights from UЅ Сіtіеѕ Ноuѕtоn, Newark, Denver, and Chicago.

Тhе direct flight from San Francisco (SFO) iѕ tіmеd tо hеlр connect international travel to Веlіzе from сіtіеѕ lіkе Таіреі, Hong Kong, Dubai, and Singapore.

 

United Airlines

 

For more information on Belize tourism and investment opportunities in Belize, contact us at RE/MAX Belize!

 

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Belize Tourism & International Flight Data Q1 2024

Belize Tourism & International Flights

2024 has been a record-breaking year for Belize tourism! In Q1 2024, Belize has seen record-breaking tourism arrivals (January to March 2024).

This indicates that year-to-date, Belize Overnight Tourism has had a record-breaking numbers and the highest volume in the countries tourism history.

 

 

Record Breaking Tourism in Q1 2024

 

Belize Overnight Tourism Arrivals in 2024

 

January 2024 Overnight Tourists: 57,628

February 2024 Overnight Tourists: 59,067

March 2024 Overnight Tourists: 69,202

 

Total Q1 2024 Overnight Tourists: 185,897

 

February was record breaking with 59,067. But March saw an all-time high and new record with 69,202 arrivals. March 2024 first time Belize has had over 60,000 overnight tourism arrivals (with 69,202 overnight arrivals in the month).

Both of the record breaking months (February & March) have made Q1 2024 the highest ever quarter for overnight tourism in Belize! Total Overnight Tourists for Q1 in 2024 was 185,897.

 

Belize Monthly Tourism Arrivals

 

2024 has seen record-breaking inbound tourism numbers. This has been largely due to the increased number of direct flights and the improved accessibility to Belize (internationally).

February 2024 was a record-setting month for Belize tourism. This record-setting tourism month was quickly superseded by March 2024 which saw an impressive 69,202 overnight tourists arrive in Belize!

March 2024 has now became the highest single month for overnight tourism in Belize at 69,202 tourists. The prior single-month record (before 2024) was in March 2019 at 57,697 overnight tourists.

Total Overnight Tourists for Q1 in 2024 was 185,897. This is 27.9% higher than in 2023 (last year Q1) and 17.5% higher than the prior record set in 2019.

 

Belize Overnight Tourism

Overnight tоurіѕm arrivals to Belize increased bу оvеr 27.9% іn Q1 2024 (Јаnuаrу to March), compared tо the ѕаmе реrіоd lаѕt уеаr (2023). The trend in Belize tourism is expected to have continued growth, this is seen by the 17.5% increase in overnight tourism from 2019 (Q1). This is expected to result in an оvеrаll 11% estimated growth fоr the Belize tоurіѕm ѕесtоr іn 2024.

Belize Tourism rebounded strongly in 2023 and has continued in 2024. The stats from the early months of 2024 signal that the year 2024 will be a record-breaking year for inbound tourism to Belize!

 

 

 

 

 

 

 

 

 

 

 

 

 

International Flight at Belize BZE

The largest factor to the growth in Belize tourism has been the increased air transport and increase in direct international flights to Belize. In March 2024, there were 511 international flights landing at BZE (Philip S.W. Goldson International Airport in Belize City). 

 

BZE International Flights in 2024

Average of 71 International Flights a Day
Daily Range of 42 to 153 International Flights

 

 

 

Non-Stop Direct Flights to Belize

 

 

 

Direct Flights New York (JFK) to Belize (BZE) with JetBlue

JetBlue New York (JFK) to Belize (BZE)

  • Monday
  • Wednesday
  • Saturday

 

 

JetBlue Starts Direct Flights from New York JFK

JetBlue Announces Direct Flights to Belize from New York JFK

Scheduled flight times are the following (all times are local):

  • JFK to BZE: Departs at 8:29 a.m. and arrives at 12:14 p.m.
  • BZE to JFK: Departs at 1:30 p.m. and arrives at 7:00 p.m.

JetBlue Belize Flight Deals

 

Ambergris Caye & San Pedro Tourism

Ambergris Caye and San Pedro Town are the top destination for overnight tourism in Belize. With 53.2% of the Overnight Tourists coming to Ambergris Caye.

In March 2024, the San Pedro Airport had over 2,000 inbound and outbound flights. Peak is Saturday, with an average of 180 flights.

Monthly Average of 58 Departures Daily (6:30 am to 17:00 pm)
Monthly Average of 66 Arrivals Daily (7:20 am to 19:45 pm)

 

 

Belize Investment Opportunities

The Belize tоurіѕm ѕесtоr rеmаіnѕ роіѕеd fоr further growth with more development and improved accessibility! This has industry experts орtіmіѕtіс and bullish on Belize as a destination (for tourists and investors).

Tourism growth, increased awareness, offshore residency, and improved connectivity have all led to higher investment yields for real estate and investment properties in Belize. Ambergris Caye remains the the top destinations in Belize for overnight tourists.

Additional Links:

Q1 2024 Belize Record Breaking Tourism

Record-Breaking Tourism Prompt Airport Upgrades

Latin America & South America Growth Opportunities for Belize

Belize Tourism January & February 2024

Ambergris & Belize Tourism Data 2023

Caribbean & Regional Tourism 2023

If you are looking to learn more about Belize tourism and Belize real estate, contact us!

 

 

Latin America & South America Growth Opportunities for Belize

Latin America & South America Growth Opportunities for Belize Tourism

Веlіzе’ѕ tоurіѕm industry іѕ booming, as seen in Q1 of 2024 and the first few mоnthѕ оf the year setting all-time highs and hіѕtоrіс rесоrd-breaking numbers in overnight tourism. The tourism growth (the largest sector in Belizean economy) is estimated tо gеnеrаtе аn unprecedented $1.4 bіllіоn іn rеvеnuе in 2024, this was announced by Minister of Тоurіѕm Аnthоnу Маhlеr.

With the Mayan Train in Mexico and increased travel and tourism from Latin America and South America. That said, the airport upgrades are important since the United States represents the largest percentage of overnight tourism arrivals.

Currently Americans (from the US) make up 69.3% of Belize tourism in 2024.

Belize has shown impressive tourism numbers through 2023 and now record breaking in 2024 due to quick and clever travel regulations and practices put into place. Belize has also improved the accessibility with more non-stop direct flights and increased number of airlines (and destinations).

“The success of the recovery is a testament to the power of collaboration. Tourism leaders, businesses, governments, organizations, airlines, and our hospitality professionals have achieved impressive results by working together. We are grateful for the hard work and close partnerships that continue to allow us to recover and soar to new heights,” says Nicola Madden-Greig, President of, the Caribbean Hotel and Tourism Association (CHTA).

 

Latin America & South American Tourism

“Our key source markets come from the United States, Canada and we think Mexico and Latin America both areas have great opportunity for us.”

  • Anthony Mahler, Minister of Tourism

Tourism in Belize is growing, and the competition is getting stronger now that we can look at the pre-pandemic and post-pandemic trends. Diversifying the attraction and marketing of Belize by widening the net is pivotal. The 2023 data by ForwardKeys shows there is a real potential to convert more international arrivals from Latin America, specifically Colombia and Argentina.

“Through our air ticketing data, we are observing a significant leap from the Latin Markets into the Caribbean and Belize, especially from Central America, Colombia, and Argentina. Even more encouraging is that they are flying in premium-class cabins, more than before the pandemic. A worthy market to tap into,” says Olivier Ponti, VP of Insights at ForwardKeys.

Beyond the main traditional markets, the US and Canada, there are tourism opportunities to be found in the neighboring countries. Latin American markets represent an exciting opportunity for Belize and the Caribbean.

Travel demand for Belize as a destination quickly gained momentum after most regional countries dropped travel requirements. The strong pent-up demand has been propelling visitor arrivals from Latin America beyond pre-pandemic levels, up by 14% in 2023, and with greater growth potential. The best-performing markets in the region are Colombia, Peru, and Argentina.

The largest Caribbean Regional tourism growth was from Colombia which was up +48% from 2019 to 2023.

 

 

 

Flight Connectivity from Latin America & South America

The restoration of air connectivity is one of the key factors driving post-COVID-19 travel demand recovery, and Latin America is no exception. After years of limited travel activity, now Latin American travelers have fewer options to get to their desired Caribbean vacation. Fewer direct flights, and lower flight frequencies, make it harder and more costly to travel. In this scenario, connections with gateway airports are fundamental to remaining competitive.

Panama City (PTY) has emerged as a key gateway hub for Latin America, particularly, for connecting this region to the Caribbean. This is a result of a decided and successful strategy to transform Panama’s Tocumen International Airport into an intra-regional airport hub. Panama has become the first choice when transitioning to the Caribbean, gaining a share over other regional airports, such as Bogota, Lima and Miami.

While it is not always feasible to develop direct flight connections with emerging markets, establishing regular and frequent connections with the right network airports is fundamental for reaching a more diverse travel audience.

 

 

Record-Breaking Belize Tourism in Q1 2024

Belize Tourism Prompt Airport Upgrades

 

 

 

Record-Breaking Tourism Prompt Airport Upgrades

Record-Breaking Tourism in 2024 Prompt Airport Upgrades

 

After seeing Record-Breaking Tourism in Q1 of 2024, the volume of inbound overnight tourism has led to proposed airport upgrades.

Data from the Belize Tourism Board shows that there were 511 international flights in March 2024 and more than sixty-nine thousand visitors.

The month of March 2024 was record-breaking for Belize tourism. Increased visitors to Belize means an increased demand for the facilities at the BZE Philip Goldson International Airport (PGIA). To address that need there is an ongoing, long-term project for the upgrade of the PGIA.

Tourism in Belize closed out the month of March with a record-breaking number of visitors. The increased inflow of visitors surpasses 2019, which is the benchmark year for Belize Tourism. However, increased visitors to Belize means an increased demand for the facilities at the BZE Philip Goldson International Airport (PGIA).

To address that need Minister Mahler said that there is an ongoing, long-term project for the upgrade of the PGIA.

Anthony Mahler (Minister of Tourism) said that marketing efforts are being ramped up in Mexico and South America, but the airport upgrades are important since the United States remains Belize’s number one tourist market.

Currently Americans (from the US) make up 69.3% of Belize tourism in 2024.

Belize along with the BTB (Belize Tourism Board) are increasing the marketing efforts attracting regional tourism and tourism from Latin American markets. While also expanding the reach and accessibility of the primary Belize Tourism markets of the US & Canada.

Belize has shown impressive tourism numbers through 2023 and now record breaking in 2024 due to quick and clever travel regulations and practices put into place. Belize has also improved the accessibility with more non-stop direct flights and increased number of airlines (and destinations).

2024 has been a record-breaking year for Belize tourism! In Q1 2024, Belize has seen record-breaking tourism arrivals (January to March 2024).

This indicates that year-to-date, Belize Overnight Tourism has had a record-breaking numbers and the highest volume in the countries tourism history.

 

 

 

Belize Overnight Tourism Arrivals in 2024

 

January 2024 Overnight Tourists: 57,628

February 2024 Overnight Tourists: 59,067

March 2024 Overnight Tourists: 69,202

 

Total Q1 2024 Overnight Tourists: 185,897

 

 

Overnight tоurіѕm arrivals to Belize increased bу оvеr 27.9% іn Q1 2024 (Јаnuаrу to March), compared tо the ѕаmе реrіоd lаѕt уеаr (2023). The trend in Belize tourism is expected to have continued growth, this is seen by the 17.5% increase in overnight tourism from 2019 (Q1). This is expected to result in an оvеrаll 11% estimated growth fоr the Belize tоurіѕm ѕесtоr іn 2024.

Belize Tourism rebounded strongly in 2023 and has continued in 2024. The stats from the early months of 2024 signal that the year 2024 will be a record-breaking year for inbound tourism to Belize!

 

2024 has seen record-breaking inbound tourism numbers. This has been largely due to the increased number of direct flights and the improved accessibility to Belize (internationally).

February 2024 was a record-setting month for Belize tourism. This record-setting tourism month was quickly superseded by March 2024 which saw an impressive 69,202 overnight tourists arrive in Belize!

March 2024 has now became the highest single month for overnight tourism in Belize at 69,202 tourists. The prior single-month record (before 2024) was in March 2019 at 57,697 overnight tourists.

Total Overnight Tourists for Q1 in 2024 was 185,897. This is 27.9% higher than in 2023 (last year Q1) and 17.5% higher than the prior record set in 2019.

 

 

 

 

Direct Flights to Belize 2024

 

 

 

Increased International Flights to Belize

The largest factor to the growth in Belize tourism has been the increased air transport and increase in direct international flights to Belize. In March 2024, there were 511 international flights landing at BZE (Philip S.W. Goldson International Airport in Belize City). 

PGIA Philip S.W. Goldson International Airport BZE

 

 

 

BZE International Flights in 2024

Average of 71 International Flights a Day
Daily Range of 42 to 153 International Flights

 

 

 

 

Direct Flights Washington DC & Baltimore (BWI) to Belize (BZE) with Southwest Airlines

SouthWest Airlines started direct flights from BWI to Belize on March 9, 2024

SouthWest Airlines BWI to BZE

 

Direct Flights New York (JFK) to Belize (BZE) with JetBlue

JetBlue Starts Direct Flights from New York JFK

JetBlue Announces Direct Flights to Belize from New York JFK

 

JetBlue New York (JFK) to Belize (BZE)

  • Monday
  • Wednesday
  • Saturday

Scheduled flight times are the following (all times are local):

  • JFK to BZE: Departs at 8:29 a.m. and arrives at 12:14 p.m.
  • BZE to JFK: Departs at 1:30 p.m. and arrives at 7:00 p.m.

JetBlue Belize Flight Deals

 

 

 

Belize Tourism Future Outlook

Веlіzе’ѕ tоurіѕm industry іѕ booming, as seen in Q1 of 2024 and the first few mоnthѕ оf the year setting all-time highs and hіѕtоrіс rесоrd-breaking numbers in overnight tourism. The tourism growth (the largest sector in Belizean economy) is estimated tо gеnеrаtе аn unprecedented $1.4 bіllіоn іn rеvеnuе in 2024, this was announced by Minister of Тоurіѕm Аnthоnу Маhlеr.

With the Mayan Train in Mexico and increased travel and tourism from Latin America and South America. That said, the airport upgrades are important since the United States represents the largest percentage of overnight tourism arrivals.

Currently Americans (from the US) make up 69.3% of Belize tourism in 2024.

Belize has shown impressive tourism numbers through 2023 and now record breaking in 2024 due to quick and clever travel regulations and practices put into place. Belize has also improved the accessibility with more non-stop direct flights and increased number of airlines (and destinations).

“The success of the recovery is a testament to the power of collaboration. Tourism leaders, businesses, governments, organizations, airlines, and our hospitality professionals have achieved impressive results by working together. We are grateful for the hard work and close partnerships that continue to allow us to recover and soar to new heights,” says Nicola Madden-Greig, President of, the Caribbean Hotel and Tourism Association (CHTA).

 

Latin America & South American Tourism

“Our key source markets come from the United States, Canada and we think Mexico and Latin America both areas have great opportunity for us.”

  • Anthony Mahler, Minister of Tourism

Tourism in Belize is growing, and the competition is getting stronger now that we can look at the pre-pandemic and post-pandemic trends. Diversifying the attraction and marketing of Belize by widening the net is pivotal. The 2023 data by ForwardKeys shows there is a real potential to convert more international arrivals from Latin America, specifically Colombia and Argentina.

“Through our air ticketing data, we are observing a significant leap from the Latin Markets into the Caribbean and Belize, especially from Central America, Colombia, and Argentina. Even more encouraging is that they are flying in premium-class cabins, more than before the pandemic. A worthy market to tap into,” says Olivier Ponti, VP of Insights at ForwardKeys.

Beyond the main traditional markets, the US and Canada, there are tourism opportunities to be found in the neighboring countries. Latin American markets represent an exciting opportunity for Belize and the Caribbean.

Travel demand for Belize as a destination quickly gained momentum after most regional countries dropped travel requirements. The strong pent-up demand has been propelling visitor arrivals from Latin America beyond pre-pandemic levels, up by 14% in 2023, and with greater growth potential. The best-performing markets in the region are Colombia, Peru, and Argentina.

 

 

 

International Flight Connectivity

 

The restoration of air connectivity is one of the key factors driving post-COVID-19 travel demand recovery, and Latin America is no exception. After years of limited travel activity, now Latin American travelers have fewer options to get to their desired Caribbean vacation. Fewer direct flights, and lower flight frequencies, make it harder and more costly to travel. In this scenario, connections with gateway airports are fundamental to remaining competitive.

Panama City (PTY) has emerged as a key gateway hub for Latin America, particularly, for connecting this region to the Caribbean. This is a result of a decided and successful strategy to transform Panama’s Tocumen International Airport into an intra-regional airport hub. Panama has become the first choice when transitioning to the Caribbean, gaining a share over other regional airports, such as Bogota, Lima and Miami.

While it is not always feasible to develop direct flight connections with emerging markets, establishing regular and frequent connections with the right network airports is fundamental for reaching a more diverse travel audience.

 

Ambergris Caye & San Pedro

Ambergris Caye Remains #1 Top Destination in Belize!

Ambergris Caye and San Pedro Town are the top destination for overnight tourism in Belize. With 53.2% of the Overnight Tourists coming to Ambergris Caye.

In March 2024, the San Pedro Airport had over 2,000 inbound and outbound flights. Peak is Saturday, with an average of 180 flights.

Monthly Average of 58 Departures Daily (6:30 am to 17:00 pm)
Monthly Average of 66 Arrivals Daily (7:20 am to 19:45 pm)

 

 

Belize Investment Opportunities

The Belize tоurіѕm ѕесtоr rеmаіnѕ роіѕеd fоr further growth with more development and improved accessibility! This has industry experts орtіmіѕtіс and bullish on Belize as a destination (for tourists and investors).

Tourism growth, increased awareness, offshore residency, and improved connectivity have all led to higher investment yields for real estate and investment properties in Belize. Ambergris Caye remains the the top destinations in Belize for overnight tourists.

Additional Links:

Q1 2024 Belize Record Breaking Tourism

Belize Tourism January & February 2024

Ambergris & Belize Tourism Data 2023

Caribbean & Regional Tourism 2023

If you are looking to learn more about Belize tourism and Belize real estate, contact us!

 

Belize Tourism Q1 2024: All-Time High & Record-Breaking Tourism

Belize Tourism Q1 2024

 

Record-breaking numbers for the first quarter in Belize’s overnight arrivals!

2024 has been a record-breaking year for Belize tourism! In Q1 2024, Belize has seen record-breaking tourism arrivals (January to March 2024).

This indicates that year-to-date, Belize Overnight Tourism has had a record-breaking numbers and the highest volume in the countries tourism history.

 

 

Belize Overnight Tourism Arrivals in 2024

 

January 2024 Overnight Tourists: 57,628

February 2024 Overnight Tourists: 59,067

March 2024 Overnight Tourists: 69,202

 

Total Q1 2024 Overnight Tourists: 185,897

 

February was record breaking with 59,067. But March saw an all-time high and new record with 69,202 arrivals. March 2024 first time Belize has had over 60,000 overnight tourism arrivals (with 69,202 overnight arrivals in the month).

Both of the record breaking months (February & March) have made Q1 2024 the highest ever quarter for overnight tourism in Belize! Total Overnight Tourists for Q1 in 2024 was 185,897.

 

 

 

Belize Monthly Tourism Arrivals

 

2024 has seen record-breaking inbound tourism numbers. This has been largely due to the increased number of direct flights and the improved accessibility to Belize (internationally).

February 2024 was a record-setting month for Belize tourism. This record-setting tourism month was quickly superseded by March 2024 which saw an impressive 69,202 overnight tourists arrive in Belize!

March 2024 has now became the highest single month for overnight tourism in Belize at 69,202 tourists. The prior single-month record (before 2024) was in March 2019 at 57,697 overnight tourists.

Total Overnight Tourists for Q1 in 2024 was 185,897. This is 27.9% higher than in 2023 (last year Q1) and 17.5% higher than the prior record set in 2019.

 

January to March Belize Tourism Arrivals

 

 

 

Belize Tourism Growth

 

Q1 2024 saw a 27.9% increase in overnight tourism arrivals from Q1 2023.

Q1 2024 was a 17.5% increase from Q1 in prior peak year of 2019.

 

Annual Q1 Belize Tourism Arrivals

 

 

 

Overnight tоurіѕm arrivals to Belize increased bу оvеr 27.9% іn Q1 2024 (Јаnuаrу to March), compared tо the ѕаmе реrіоd lаѕt уеаr (2023). The trend in Belize tourism is expected to have continued growth, this is seen by the 17.5% increase in overnight tourism from 2019 (Q1). This is expected to result in an оvеrаll 11% estimated growth fоr the Belize tоurіѕm ѕесtоr іn 2024.

Belize Tourism rebounded strongly in 2023 and has continued in 2024. The stats from the early months of 2024 signal that the year 2024 will be a record-breaking year for inbound tourism to Belize!

 

 

 

Веlіzе’ѕ tоurіѕm industry іѕ booming, as seen in Q1 of 2024 and the first few mоnthѕ оf the year setting all-time highs and hіѕtоrіс rесоrd-breaking numbers in overnight tourism. The tourism growth (the largest sector in Belizean economy) is estimated tо gеnеrаtе аn unprecedented $1.4 bіllіоn іn rеvеnuе in 2024, this was announced by Minister of Тоurіѕm Аnthоnу Маhlеr.

 

Belize Tourism Q1 Arrivals 2017 to 2024 (January to March)

Below is the overnight tourism trend from 2017 to 2024 for January to March (Q1 of each year);

Belize Tourism Board Data

 

 

Increased International Flights to Belize

The largest factor to the growth in Belize tourism has been the increased air transport and increase in direct international flights to Belize. In March 2024, there were 511 international flights landing at BZE (Philip S.W. Goldson International Airport in Belize City). 

PGIA Philip S.W. Goldson International Airport BZE

 

Direct Flights to Belize 2024

 

 

 

Direct Flights Washington DC & Baltimore (BWI) to Belize (BZE) with Southwest Airlines

SouthWest Airlines started direct flights from BWI to Belize on March 9, 2024

SouthWest Airlines BWI to BZE

 

Direct Flights New York (JFK) to Belize (BZE) with JetBlue

JetBlue Starts Direct Flights from New York JFK

JetBlue Announces Direct Flights to Belize from New York JFK

JetBlue New York (JFK) to Belize (BZE)

  • Monday
  • Wednesday
  • Saturday

Scheduled flight times are the following (all times are local):

  • JFK to BZE: Departs at 8:29 a.m. and arrives at 12:14 p.m.
  • BZE to JFK: Departs at 1:30 p.m. and arrives at 7:00 p.m.

JetBlue Belize Flight Deals

 

 

Ambergris Caye & San Pedro

Ambergris Caye and San Pedro Town are the top destination for overnight tourism in Belize. With 53.2% of the Overnight Tourists coming to Ambergris Caye.

 

 

Record-Breaking Tourism Leads to Airport Upgrades

The month of March 2024 was record-breaking for Belize tourism. Increased visitors to Belize means an increased demand for the facilities at the BZE Philip Goldson International Airport (PGIA). To address that need there is an ongoing, long-term project for the upgrade of the PGIA. Belize along with the BTB (Belize Tourism Board) are increasing the marketing efforts attracting regional tourism and tourism from Latin American markets.

With the Mayan Train in Mexico and increased travel and tourism from Latin America and South America. That said, the airport upgrades are important since the United States represents the largest percentage of overnight tourism arrivals.

Currently Americans (from the US) make up 69.3% of Belize tourism in 2024.

Record Breaking Tourism Prompts Airport Upgrades

 

 

Future Outlook on Regional Tourism

Belize has shown impressive tourism numbers through 2023 and now record breaking in 2024 due to quick and clever travel regulations and practices put into place. Belize has also improved the accessibility with more non-stop direct flights and increased number of airlines (and destinations).

“The success of the recovery is a testament to the power of collaboration. Tourism leaders, businesses, governments, organizations, airlines, and our hospitality professionals have achieved impressive results by working together. We are grateful for the hard work and close partnerships that continue to allow us to recover and soar to new heights,” says Nicola Madden-Greig, President of, the Caribbean Hotel and Tourism Association (CHTA).

 

The rise and power of the South American market in the region.

 

Tourism in Belize is growing, and the competition is getting stronger now that we can look at the pre-pandemic and post-pandemic trends. Diversifying the attraction and marketing of Belize by widening the net is pivotal. The 2023 data by ForwardKeys shows there is a real potential to convert more international arrivals from Latin America, specifically Colombia and Argentina.

“Through our air ticketing data, we are observing a significant leap from the Latin Markets into the Caribbean and Belize, especially from Central America, Colombia, and Argentina. Even more encouraging is that they are flying in premium-class cabins, more than before the pandemic. A worthy market to tap into,” says Olivier Ponti, VP of Insights at ForwardKeys.

Beyond the main traditional markets, the US and Canada, there are tourism opportunities to be found in the neighboring countries. Latin American markets represent an exciting opportunity for Belize and the Caribbean.

Travel demand for Belize as a destination quickly gained momentum after most regional countries dropped travel requirements. The strong pent-up demand has been propelling visitor arrivals from Latin America beyond pre-pandemic levels, up by 14% in 2023, and with greater growth potential. The best-performing markets in the region are Colombia, Peru, and Argentina.

 

 

Flight Connectivity

 

The restoration of air connectivity is one of the key factors driving post-COVID-19 travel demand recovery, and Latin America is no exception. After years of limited travel activity, now Latin American travelers have fewer options to get to their desired Caribbean vacation. Fewer direct flights, and lower flight frequencies, make it harder and more costly to travel. In this scenario, connections with gateway airports are fundamental to remaining competitive.

Panama City (PTY) has emerged as a key gateway hub for Latin America, particularly, for connecting this region to the Caribbean. This is a result of a decided and successful strategy to transform Panama’s Tocumen International Airport into an intra-regional airport hub. Panama has become the first choice when transitioning to the Caribbean, gaining a share over other regional airports, such as Bogota, Lima and Miami.

While it is not always feasible to develop direct flight connections with emerging markets, establishing regular and frequent connections with the right network airports is fundamental for reaching a more diverse travel audience.

 

 

 

Belize Real Estate & Investment Opportunities

The Belize tоurіѕm ѕесtоr rеmаіnѕ роіѕеd fоr further growth with more development and improved accessibility! This has industry experts орtіmіѕtіс and bullish on Belize as a destination (for tourists and investors).

Tourism growth, increased awareness, offshore residency, and improved connectivity have all led to higher investment yields for real estate and investment properties in Belize. Ambergris Caye remains the the top destinations in Belize for overnight tourists.

Additional Links:

Belize Tourism January & February 2024

Ambergris & Belize Tourism Data 2023

Caribbean & Regional Tourism 2023

If you are looking to learn more about Belize tourism and Belize real estate, contact us!

 

 

 

Record-Breaking Belize Tourism Arrivals in 2024

2024 Record-Breaking Belize Tourism Arrivals

 

In 2024, Belize has seen record-breaking tourism arrivals. Overnight tourist arrival figures indicate that the total number of arrivals for January & February 2024 surpassed the same period in 2019 (prior high records for overnight tourism). This indicates that year-to-date, Belize Overnight Tourism has had a record-breaking numbers and the highest volume in the countries tourism history.

The figures for February represent an all-time high for any single month for overnight tourism in Belize!

 

 

 

January 2024 Overnight Tourists: 57,628

February 2024 Overnight Tourists: 59,067

Belize Tourism Board Data

 

Overnight Tourism to Belize Annually

 

Below is the overnight tourism trend from 2017 to 2024 for January & February;

 

 

Below is the monthly and total overnight tourism for January & February (2019, 2022, 2023, 2024);

 

 

Belize Tourism in 2023 & 2024

2024 has seen record-breaking inbound tourism numbers. This has been largely due to the increased number of direct flights and the improved accessibility to Belize (internationally). February 2024 was a record-setting month for Belize tourism.

February 2024 became the highest single month for overnight tourism in Belize at 59,067 tourists. The prior single-month record was in March 2019 at 57,697 overnight tourists.

 

February 2024 Overnight Tourists: 59,067

January 2024 Overnight Tourists: 57,628

December 2023 Overnight Tourists: 55,574

 

Monthly Belize Overnight Tourism

 

 

Annual Belize Overnight Tourism

Overnight Tourism in 2023 experienced a remarkable 25% increase compared to the previous year. In 2023, Belize saw a total of 464,723 overnight tourists.

 

 

A shining moment in 2023 for Belize tourism was in December 2023, when the country recorded the second-highest overnight tourist arrival for any given month in its history, welcoming a remarkable 55,574 visitors. This represents Belize’s growth and trajectory as a destination. Belize has been a top emerging destination, and the allure signals a positive trajectory for the tourism industry.

Belize Tourism Board (BTB) has remained confident as Belize is poised for an upsurge in airlifts from the North American market by the end of 2024.  The projection comes as tourism to Belize is set to surpass the 2019 pre-pandemic level. The capacity’s expansion reaffirms Belize’s position as a premier destination in the Caribbean & Central American tourism industry.

Тhе роѕіtіvе mоmеntum оbѕеrvеd іn 2023 and continued in 2024 ѕеrvеѕ аѕ а tеѕtаmеnt tо Веlіzе’ѕ еndurіng арреаl аnd іtѕ аbіlіtу tо аdарt tо еvоlvіng trаvеl dуnаmісѕ. The stats from the early months of 2024 signal that the year 2024 will be a record-breaking year for inbound tourism to Belize!

 

 

Quarterly Belize Tourism Arrivals

 

 

 

Monthly Overnight Tourism Arrivals

 

 

BTB 2024 January & February Record Tourism

 

Below is the overnight tourism trend from 2017 to 2024 for January & February;

 

 

 

The Belize tоurіѕm ѕесtоr rеmаіnѕ роіѕеd fоr furthеr grоwth, оffеrіng аn орtіmіѕtіс оutlооk fоr thе іnduѕtrу’ѕ соntіnuеd rесоvеrу. With the boom in Belize tourism and the growth in the sector, the Belize investment opportunities and Belize real estate sector have boomed as well!

Ambergris & Belize Tourism Data 2023

Caribbean & Regional Tourism 2023

If you are looking to learn more about Belize tourism and Belize real estate, contact us!

 

Belize Digital Nomad Visa

Belize Digital Nomad Visa

The Belize Digital Nomad Visa is “A Long Stay Visitor Permit” and is a permit granted to any person who intends to stay in Belize for an extended period of time.

Belize is a great destination for digital nomads looking for a tropical paradise to work remotely. The island of Ambergris Caye has some of the fastest internet speeds in the region, with a very reliable network. San Pedro Town, Mahogany Bay Village, and areas of Ambergris Caye have Fibre Optic. Other areas have high-speed LTE service.

The country offers a long-term visa specifically designed for digital nomads, which makes it easy to stay in the country for extended periods of time.

A Long Stay Permit is valid for 6 months after the date issued. The Digital Nomad Visa is done through Immigration, which enables a person and their dependents to remain in Belize for up to 6 months.

The Digital Nomad Visa eliminates the back and forth with immigration every month for a tourist visa extension.

Yes! Belize has a visa suitable for digital nomads called “Work where You Vacation”.

This is Belize’s attempt to attract digital nomads and remote workers from all over the world who want to stay in the country for 6 months, with the opportunity to extend the period.

 

Belize Digital Nomad Visa

The Work Where You Vacation or Long Stay Visitor Permit (Digital Nomad Visa) program includes:

  • Work permits waived for participants
  • Student permits waived for children of participants
  • Special offers on activities, entertainment, and accommodations through “Work Where You Vacation” lodging partners.

 

Belize Digital Nomad Visa Requirements

The documents required to apply for the Belize Digital Nomad Visa are the following:

  • Proof of employment outside of Belize (min. annual income of USD $75,000 for individuals, USD $100,000 for couples/families)
  • A notarized banking reference and statement of account
  • A clear criminal record (no more than 6 months old)
  • A valid passport

 

Belize Digital Nomad Visa Fees

  • USD $500 per Adult.
  • USD $200 per Child

Fees apply to the applicant and any accompanying dependents.

 

Who Qualifies for the Digital Nomad Visa

Applicants who meet the below requirements can apply:

  1. The applicant is a citizen or permanent resident of the European Union, United Kingdom, United States of America, or Canada.
  2. The applicant is employed outside of Belize and
    • has a minimum annual income of USD $75,000 if the person is applying alone or
    • has a minimum annual income of USD $100,000 if the person is applying with dependents.
  3. A person issued a Long Stay Permit shall be entitled to enter and remain in Belize along with their dependents for a period NOT exceeding six months in any calendar year, as stated in the permit.
  4. A person issued a Long Stay Permit or his dependents shall not engage in employment in Belize.
  5. A permit issued by the department under this section shall not be extended.

 

Required Documents

  1. A Job Letter is issued within 30 days of the application if the applicant is employed by another person.
  2. Proof of registration of business and annual tax return if the applicant is self-employed.
  3. Proof of annual income in the amount of at least:
    • USD $75,000, if the person is applying alone; or
    • USD $100,000, if the person is applying with dependents.
  4. Notarized banking reference and Statement of Account.
  5. Police Record from the applicant’s country of residence, issued within six months of application.
  6. Certified copy of the bio-data page of the Applicant’s passport and Certified Copies of the bio-data page of each dependent’s passport.
  7. If the Applicant’s nationality is not in the Approved Countries List but resides in a country that is on the list, then the Applicant must provide Proof of Residence.

 

 

Internet on Ambergris Caye

Internet and connectivity on the island are top of the line with some of the fastest internet speeds in the region. Back in 2017, San Pedro went through significant upgrades. Now the town of San Pedro has some of the fastest internet speeds in Belize. In 2017, Ambergris Caye had a fiber-optic submarine cable installed with connectivity to San Pedro, enabling super-fast broadband speeds to the island of Ambergris Caye.
Since 2017, San Pedro Ambergris Caye has boasted the fastest internet in the country. Super fast Fiber-based Internet up to 130Mbps for home or business.

The Fiber Optic runs from Maskall to Bomba, and from Bomba to the coastline. From there, there is an underground via an SFOC to the island of San Pedro.

Most of Belize has WIFI with an LTE signal. However, there are places that boast stronger, more consistent internet like Ambergris Caye. With the high volume of tourism and the influx of expats that have moved to the country, and Ambergris Caye in particular, the service has improved to meet demand.

There are 2 primary providers of the internet in Ambergris Caye, Belize: SMART & Digi. Digi offers Fiber Optic internet with the fastest speeds. SMART offers reliable internet and is a popular alternative for areas that do not have fiber optic internet. You can see the rates and internet speeds below;

 

SMART Internet


Prices are in Belize Dollars

Digi Internet

Prices are in Belize Dollars

 

About the Belize Digital Nomad Visa

With the growing popularity of the digital nomad lifestyle, Belize is following many countries trying to lure digital nomads with tools and resources to work remotely. The Belize digital nomad visa is part of the Work Where You Vacation program, allowing digital nomads to live in the country for up to six months. It’s open to everyone working for a company based outside of Belize.

While the Belize Digital Nomad visa is only valid for six months, those who wish to extend their stay can apply for an extension. When you get approved for the Belize digital nomad visa, you will receive a permit to live temporarily in Belize. Applicants will also have the option to bring their dependents and spouses.

 

JetBlue Has Officially Started Direct Flights to Belize

JetBlue Direct Flights to Belize

JetBlue Airlines has officially launched its non-stop service connecting New York’s John F. Kennedy International Airport (JFK) to Belize’s Philip S.W. Goldson International Airport (BZE).

JetBlue Announces Non-Stop Flights From New York to Belize

Flight JBU2781 marked the inaugural journey on this new route as it touched down in Belize on Wednesday, December 6! The integral flight from New York carried over 100 passengers on the Airbus A320 aircraft.

Belize is JetBlue’s 26th destination in the Caribbean and Latin America.

Not only is this a new airline route to Belize, but it is also a direct flight from one of the largest international cities in the world, NEW YORK CITY!

This is the first-ever non-stop route from New York JFK Airport to the Central American country of Belize. The new service offers convenient flight times, with departures from New York in the morning and return flights in the early afternoon.

Year-round service will operate round-trip flights on Monday, Wednesday, and Saturday.

 

Year-Round Flights Schedule

  • Monday
  • Wednesday
  • Saturday

Scheduled flight times are the following (all times are local):

  • JFK to BZE: Departs at 8:29 a.m. and arrives at 12:14 p.m.
  • BZE to JFK: Departs at 1:30 p.m. and arrives at 7:00 p.m.

 

 

JetBlue Flight Deals & Promotions

For a limited time, travelers can enjoy special one-way fares for flights between JFK and BZE for $119 on JetBlue’s website. This promotion is only for select dates. But a great way for people to come and enjoy Belize!

JetBlue Belize Flight Deals

 

Belize Tourism Growth & Outlook

Anthony Mahler, Belize’s Minister of Tourism and Diaspora Relations, expressed his enthusiasm and excitement over the new flight and the arrival of a new airline. Celebrating JetBlue’s entry into the Belizean market.

Anthony Mahler emphasized the significant impact it will have on the travel industry in Belize. Improving accessibility is a major driver of Belize tourism.

According to Mahler, this is just the beginning, as efforts are underway to ensure that “the load factors are to where [Jetblue] finds it comfortable,” potentially leading to route expansion and the addition of new destinations and direct flights to Belize.

JetBlue’s non-stop service to Belize not only bridges the gap between the United States and Belize but also promises to be a catalyst for further tourism growth in the region.

Contact us to learn more about investment opportunities and real estate in Belize!

 

 

Ambergris Caye Investment & Vacation Rental Data October 2023

Ambergris Caye Vacation Rentals

Ambergris Caye has been the epicenter of the Belize tourism surge and COVID recovery. This has led to growth in the Ambergris Caye Real Estate and investment in vacation rentals.

Ambergris Caye luckily has something we like to call “Island Economics.” When investing in an island, there is only so much land available. The limitations on available land create scarcity, not only scarcity of property but also a scarcity of land and completed resale homes. There is only so much land on an island. Island economics means that you see greater property appreciation on an island due to scarcity of property and limitations on how much can be built.

Tourism growth, increased awareness, offshore residency, and improved connectivity have all led to higher investment yields on vacation rental properties on Ambergris Caye. Ambergris Caye and San Pedro Town (the municipality on the island of Ambergris Caye) are by far the top destinations in Belize. Below, we look at the updated tourism data and vacation rental investment opportunities on Ambergris Caye!

 

Ambergris Caye Tourism

Ambergris Caye has seen tourism hitting all-time highs year-over-year as we become a globally recognized destination. From 2010 to 2023 (13 years), Ambergris Caye overnight tourism (people booking rental units) has grown at an annual compounded rate of 14.8% per year increase, with overnight tourism nearly doubling from 2010 to 2023 (+81.5% increase).

 

Belize Overnight Tourism

 

 

Belize Tourism Board Overnight Arrivals

 

Ambergris Caye Vacation Rental Inventory

Even though tourism is growing, the total rooms for rentals have stayed stagnant, with limited new losing inventory and often even a decline in inventory. Tourism is growing, and this usually correlates to added supply; that said, Ambergris Caye, Belize, is at the perfect time for investment as we have unique market conditions that have led to increased demand and a decrease in supply inventory.

Rental Inventory on Ambergris Caye has dropped by -4% from 2022 to 2023. Also dropped -13.9% over the last 3 years. This is largely due to the influx of people moving to Belize and the growing expat community and people who can work remotely.

 

Ambergris Caye Vacation Rental Lodging Inventory

 

For lodging, as a point of reference, Ambergris Caye saw -4% from last year. Lodging inventory for vacation rentals on Ambergris Caye has seen a -13.9% decrease over the last 3 years.

Ambergris Caye has had a compounded annual tourism growth over 12 years at an average of 14.8% per year.

As you can see, the 3-year trend has been consistent, with many quarters witnessing a dip in rental inventory (even with an increase in demand). This creates a unique opportunity for investors. With the shortage in supply and increase in demand, there is a need for more lodging and rentals.

 

Increase in Demand + Decrease in Supply = Increase in Price & Rent

 

 

 

 

 

Many industry experts predict Ambergris Caye real estate prices and nightly rental rates will continue to increase. This will lead to greater equity appreciation and a higher cash-flow yield.

Even though demand is on the rise, the supply has remained stagnant. With increased awareness comes increased demand, but the lodging and vacation rental inventory supply does not meet the demand growth.

 

Ambergris Caye Occupancy

 

 

In 2022, Ambergris Caye had an average vacation rental occupancy of 54.8%. In 2023, the average occupancy of vacation rentals has been at 61.3%. This is an increase of +11.9% year-over-year (2022 to 2023).

 

 

Ambergris Caye Nightly Rental Rates

 

In 2023, Ambergris Caye has seen ADR (Nightly Rental Rates) for vacation rentals increase by +15% from 2022. In 2023, the average nightly rental rate on Ambergris Caye has been $284 USD per night, which is up from $262 USD per night in 2022.

 

Ambergris Caye Investment Revenue

The increase in tourism with the lodging and vacation rental supply shrinking has led to higher occupancy and higher nightly rental rates (ADR). The increased occupancy and ADR have resulted in higher revenues. On Ambergris Caye, vacation rental gross revenue is up 30% in 2023 (from 2022).

 

Annual Average Rental Revenue

 

 

What is fascinating is the renal income for detached homes over condos (and the % annual growth).

 

Detached homes on Ambergris Caye have seen an average annual gross revenue of $88,850 US in 2023 (Airbnb income). Compared to condos, which saw an average gross yearly earnings of $44,300 US. Detached homes also saw a higher % growth at 23% annual revenue growth (condos with 14%) from 2022 to 2023.

For more information on investing in Belize and Ambergris Caye rental income investment opportunities, contact us at RE/MAX Belize!