Luxury Tourism & Luxury Market in Belize

Luxury Tourism & Luxury Market

Belize tourism and Belize real estate is expanding the luxury market. The luxury travel industry has grown unprecedentedly in recent years due to rising spending power, an expanding middle-class population, emerging luxury trends, and the expansion of luxury hotels.

The definition of luxury travel has evolved dramatically in recent years, and people are now far more adventurous. They are more interested in experiencing local customs and cuisine.

Earlier this year, a survey from GlobalData.com found that luxury tourism has recovered quicker then budget tourism.

The global luxury travel market is expected to grow at a compound annual growth rate of 7.8% to 8.9% from 2022 to 2032, reaching a market size of USD 2.32 trillion to 2.76 trillion by 2032.

 

Caribbean & Central America Luxury Tourism

The Belize Region, with the Caribbean & Central America as a whole, outperforms the average recovery trends of the Americas, Europe, and Asia Pacific in the Luxury Tourism sector. This is shown in the revenue and profit trends.

The Caribbean & Central America Region (including Belize) has a higher ADR and Occupancy than other Western Hemisphere markets like Mexico, Canada & USA for luxury tourism.

The Caribbean & Central America Region is expected to have an annual tourism GDP growth rate of 5.5% to 6.7% between now and 2030.

 

Belize Tourism & Luxury Market

The Caribbean & Latin American (Belize) luxury tourism industry will likely be one of the fastest growing between now and 2032, with the most opportunity.

Belize, with the BTB (Belize Tourism Board), has taken steps in advancing and growing the Belize Luxury Tourism Industry.

Luxury travel services cover the most desirable and premium experiences in terms of luxury accommodations, convenient transport facilities, and authentic and exclusive travel experiences.

The Luxury Tourism program aims to provide outstanding, exclusive, and convenient tourism services and experiences to tourists and locals. In Belize, some of the recent announcements around luxury tourism include;

 

Regional Data on Luxury Tourism

What we have learned during every economic turn is that luxury tourism is still a driver. At CHRIS & HOLA (Caribbean Investment Summit & Hotel Operators of Latin America Summit), the data on luxury tourism was shared and how it performed in the market.

Even though luxury tourism appeals to a smaller demographic (unlike cruises and all-inclusive), they are more consistent, yield higher returns, is surprisingly not susceptible to market fluctuations, have better occupancy, and better clientele. The most interesting take is that if there are slower periods, the luxury market can lower prices and push out the “non-luxury” market.

Belize as a whole is pushing luxury tourism, making it easier for yachts, allowing FBO and private planes, creating direct flight routes from high net-worth locations, etc. With all this push, Belize is working on becoming a Cayman Islands, Maldives, Turks & Caicos, Bahamas, or St Martin, instead of a budget destination like Mexico or the Dominican Republic.

Belize is also seeing far more celebrities and high net-worth travelers visiting Belize and Ambergris Caye. But what is interesting is the fact we do not have many of the luxury villas in our lodging inventory to accommodate these travelers.

 

Luxury Tourism

If you build a luxury house/villa with outdoor space and amenities (even 2, 3 or 4 bedrooms), you will capture the luxury tourism market. The house or unit does not need to be large; just provide fixtures, touches, service, etc.

With luxury tourism and luxury travelers, owners/investors are able to charge any nightly rental rate you want. Example: Rolex does not compromise the price of new watches even during an economic downturn, and every store you visit is always sold out.

Earlier this year, a survey from GlobalData.com found that luxury tourism has recovered quicker then budget tourism.

The global luxury travel market is expected to grow at a compound annual growth rate of 7.8% to 8.9% from 2022 to 2032, reaching a market size of USD 2.32 trillion to 2.76 trillion by 2032.

The 2022 Global Travel Trends Report of American Express Travel study found that 58% of respondents opt for solo travel to visit their dream destination, strengthening the demand for luxury travel.

The Caribbean & Latin American luxury tourism industry is likely to be one of the fastest growing between now and 2032, with the most opportunity.

 

Regional Luxury Market

The luxury segment in the region (Belize) is ahead of the all-inclusive and full-service properties in profit margin growth and opportunity.

Luxury Tourism has a Higher ADR (Average Daily Rate & Nightly Rental Rate) and Better Occupancy than full-service or all-inclusive.

Luxury Tourism sees year-round bookings with better ADR and occupancy in high and low seasons. Luxury tourism has less volatility and seasonality. There is no low season in the luxury market segment in the region. Luxury has seen heightened off-season months.

Profit margins are higher in luxury tourism, with annual and quarterly revenue and profits rising due to more substantial rate increases. Luxury tourism has a much higher revenue per room or unit.

Belize Luxury Tourism Announcements

Luxury travel services cover the most desirable and premium experiences in terms of luxury accommodations, convenient transport facilities, and authentic and exclusive travel experiences. The overall aim of the Luxury Tourism program is to provide outstanding, exclusive, and convenient tourism services and experiences to tourists and locals.

  • Four Seasons on Caye Chapel
  • Six Senses on Ambergris Caye
  • FBO & Private Aviation
  • Yacht & Nautical Tourism
  • Filling Luxury Tourism Market Gaps
  • Fine Dining & Restaurant Facilities

 

Belize Travel & Facilities

Belize has a range of initiatives and infrastructure programs coming in to enhance and increase tourism. With additional flights (including New York JFK), improved transportation, etc. You can see some of the tourism enhancements and initiatives below;

  • 3 million anticipated passenger movements at PGIA (Belize International Airport BZE) in 2045.
  • PGIA (BZE Airport) Facility Extensive Upgrade underway and expected completion in 2040.
  • Enhanced Border Facilities.
  • Increased – Ground Transportation Connections.
  • Domestic Airlines with expanded international routes.
  • Interregional connectivity.
  • Renovations at Municipal Airports to expand Private Aviation.
  • Addition of FBO facilities at national and domestic airports.

Learn more about traveling to Belize internationally.

To learn more about Belize real estate and investing in Belize contact RE/MAX Belize. We look forward to sharing more information on Belize and opportunities in the luxury tourism market!

 

 

Belize Investment Summit 2023

Dustin Rennie, John Lancet & Abil Castaneda Belize Investment Summit

Belize Investment Summit

Тhе Веlіzе Іnvеѕtmеnt Ѕummіt 2023, соnсludеd оn Ѕерtеmbеr 1, and wаѕ а lаndmаrk еvеnt thаt ѕhоwсаѕеd Веlіzе’ѕ investment роtеntіаl and opportunities for investment. Ѕреаrhеаdеd bу thе Оffісе оf thе Рrіmе Міnіѕtеr аnd thе Міnіѕtrу оf Fіnаnсе, Іnvеѕtmеnt, аnd Есоnоmіс Dеvеlорmеnt, thе ѕummіt wаѕ сеntеrеd оn thе thеmе, “Еndlеѕѕ Орроrtunіtіеѕ!”. Тhіѕ еvеnt еmрhаѕіzеd Веlіzе’ѕ drіvе tо аttrасt аnd рrоmоtе іnvеѕtmеnt fоr іtѕ есоnоmіс dеvеlорmеnt.

The Belize Investment Summit 2023 focused on attracting and promoting investment for economic development in Belize, identifying opportunities, and showcasing Belize’s readiness to support global investment.

The Prime Minister addressed the Summit, highlighting the government’s vision on enhanced and strategic investments and presentations from other high-profile international experts, policymakers, and enterprise movers and shakers who shape Belize’s investment climate. Dustin Rennie from RE/MAX Belize was included as one of the industry experts for real estate and development.

Тhіѕ ѕummіt showed and presented opportunities in Belize fоr bоth dоmеѕtіс аnd іntеrnаtіоnаl іnvеѕtоrѕ. Іt wаѕ а рlаtfоrm whеrе thе gоvеrnmеnt рrоudlу dіѕрlауеd Веlіzе’ѕ rеаdіnеѕѕ tо ѕuрроrt glоbаl іnvеѕtmеnt. Іn hіѕ аddrеѕѕ, Рrіmе Міnіѕtеr Јоhn Вrісеnо undеrѕсоrеd thе gоvеrnmеnt’ѕ vіѕіоn fоr ѕtrаtеgіс іnvеѕtmеntѕ, ѕеttіng thе tоnе fоr thе rеѕt оf thе еvеnt.

Тhrоughоut thе ѕummіt, аttеndееѕ bеnеfіtеd frоm іnѕіghtѕ ѕhаrеd bу іntеrnаtіоnаl ехреrtѕ, tор-tіеr рublіс оffісіаlѕ, Сhіеf Ехесutіvе Оffісеrѕ, аnd kеу роlісуmаkеrѕ. Тhеѕе ѕtаkеhоldеrѕ, whо соllесtіvеlу ѕhаре the іnvеѕtmеnt future of Belize. The summit featured a number of presentations and panels with а соmрrеhеnѕіvе оvеrvіеw оf thе орроrtunіtіеѕ аvаіlаblе іn Belize.

 

Belize Tourism Board

The Belize Tourism Board (BTB), as part of their initiative to drive Tourism Investment in Belize, hosted a series of panel discussions at the Belize Investment Summit. The panels highlighted development success stories in Belize’s current and future opportunities. The panels provided guidance for persons wishing to invest in Belize.

 

Dustin Rennie

Dustin Rennie was a Guest Panelist on the Investment and Real Estate Opportunities in Belize. Dustin contributed valuable insight into Belize’s real estate market, investment opportunities, and future development. On the panel, Dustin Rennie discussed real estate investment and setting up business in Belize and the requisite preparation in terms of a feasibility study to connect brands or investors with projects—review of Hotel Licensing Requirements and Accommodation taxes.

Panel Included:

  • Simone Bell | Investment and Innovation Specialist, Belize Tourism Board
  • Dustin Rennie | Regional Director RE/MAX Belize Belize
  • John Lancet | Senior Managing Director & Practice Leader South & Caribbean, HVS (link)
  • Abil Castaneda | Chief Tourism Officer, Ministry of Tourism & Diaspora Relations (link)

 

Dustin Rennie, John Lancet & Abil Castaneda Belize Investment Summit
Dustin Rennie, John Lancet & Abil Castaneda Belize Investment Summit

 

Dustin Rennie Belize Investment Summit
Dustin Rennie Belize Investment Summit

 

John Lancet & Dustin Rennie Belize Investment Summit
John Lancet & Dustin Rennie Belize Investment Summit

 

Simone Bell, Dustin Rennie Belize Investment Summit
Simone Bell, Dustin Rennie Belize Investment Summit

 

Abil Castaneda with Dustin Rennie, John Lancet & Simone Bell at Belize Investment Summit
Abil Castaneda with Dustin Rennie, John Lancet & Simone Bell at Belize Investment Summit

 

Abil Castaneda with Dustin Rennie, John Lancet & Simone Bell at Belize Investment Summit
Abil Castaneda with Dustin Rennie, John Lancet & Simone Bell at Belize Investment Summit

 

Dustin Rennie with RE/MAX Belize at the Belize Investment Summit 2023. The panel explored real estate investment and setting up business in Belize. Connecting brands and investors with projects. Dustin Rennie contributed valuable insight into Belize’s real estate market, investment opportunities, and development.

Dustin Rennie is the director of RE/MAX Belize. Dustin Rennie is a member of the RE/MAX Hall of Fame, earner of Career Achievements & Leadership, and recognized as one of the top real estate experts in the Caribbean & Central America region. Dustin Rennie won top commercial agent for RE/MAX Caribbean & Central America for 2022 and was among the top 100 global agents (residential & commercial).

Dustin has been a Diamond Award winner with RE/MAX in 2021 & 2022 and was recognized as one of the top producers.

 

The Belize Investment Summit 2023 focused on attracting and promoting investment for economic development in Belize, identifying opportunities, and showcasing Belize’s readiness to support global investment. This included Belize real estate investment.

Passport Heavy Buying Property in Belize

Buying Land in Belize for Less Than a Toyota Prius

Passport Heavy is one of the leading travel influencers and media channels on the internet. Passport Heavy is a bespoke travel & lifestyle brand specializing in shifting the paradigm in which people see and experience the world.

Founded in 2010 by Jubril Agoro, the Passport Heavy brand has grown from humble beginnings as a solo travel vlog into a highly recognized media brand and one of the most influential names in the travel content space.

Passport Heavy & Jubril Agoro fell in love with Belize (as many do) when they visited the Central America/Caribbean destination.
After a decade spent journeying globally, Jubril made his first international real estate investment. In BELZE!

 

In the latest Passport Heavy video, learn the ‘why’ and ‘how’ behind the decision to invest in Belize. From the enchanting allure of Belize to the nitty-gritty of navigating the real estate process in a foreign country, the latest Passport Heavy video (see link below) unpacks it all.

 

If you want to learn more about Belize and investing in Belize real estate, contact us at RE/MAX Belize!

We look forward to having you here in paradise.

New York to Belize JetBlue Starting Nonstop JFK Flights

JetBlue Starting Nonstop Route From New York to Belize

 

There was a big announcement for Belize tourism this week! JetBlue (a U.S. Airline) will launch a new direct flight to Belize. Not only is this a new airline beginning routes to Belize, but it is also a direct flight from one of the largest international cities in the world… New York City!

2023 has been a big bounce-back year for Belize tourism, with more international travel routes than ever.

JetBlue announced they would launch direct flights from New York to Belize in December, bringing nonstop flights from the Big Apple.

This is the first-ever non-stop route from New York JFK Airport to the Central American country of Belize.

The new flights, with JetBlue from JFK to BZE, will launch on Dec. 6, 2023. It will mark the first-ever nonstop flight from New York’s John F. Kennedy International Airport (JFK) to Belize’s Phillip S.W. Goldson Airport (BZE), the Belize Tourism Board (BTB) announced on June 6, 2023.

The new route from JetBlue will operate year-round with direct flights from New York (JFK) to Belize on Mondays, Wednesdays, and Saturdays.

Belize has entered the world’s radar, and the popularity of Belize is growing. More-and-more travelers are coming to Belize to enjoy the tropical destination as more people discover the Caribbean beaches of Ambergris Caye, the local culture, and the Western Hemisphere’s largest barrier reef.

JetBlue is now offering non-stop service from New York for the entire year starting in December 2023.

 

Non-Stop Flights From New York To Belize

Starting December 6, 2023, JetBlue will begin offering non-stop service between New York’s John F. Kennedy International Airport (JFK) and Belize City’s Philip W. Goldson Airport (BZE). Year-round service will operate round-trip flights on Monday, Wednesday, and 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.

 

U.S. Cities with Direct Flights to Belize

With the new flight from JetBlue, 13 cities in the United States will now offer nonstop service to Belize. The latest flight route from New York will make JetBlue the 12th airline offering direct international flights to Belize!

  1. New York City (JetBlue)
  2. Atlanta (Delta)
  3. Charlotte (American)
  4. Chicago (United)
  5. Dallas (American)
  6. Denver (Southwest, United, Frontier)
  7. Houston (Southwest, United)
  8. Los Angeles (Alaska, American, United)
  9. Miami (American)
  10. Minneapolis (Delta, Suncountry)
  11. Newark (United)
  12. Orlando (Frontier)
  13. Seattle (Alaska)

There are currently 21 cities and 7 countries with direct flights to Belize.

 

2023 Direct Flights to Belize

 

Belize Growth & Tourism

Over 68% of Belize’s overnight tourism arrivals are from the United States (according to BTB). Adding a direct flight from a city as large as New York significantly boosts Belize’s tourism.

Anthony Mahler, Belize’s Minister of Tourism, said, “This new route is a huge win for the government’s efforts to make Belize accessible to more US visitors.”

If you want to travel to Belize or invest in Belize real estate, contact RE/MAX Belize!

 

Traveling to Belize Internationally

Traveling to Belize

Belize is a country in Central America, bordered by Mexico to the north, Guatemala to the west and south, and the Caribbean Sea to the east. Belize is unique as it has the mainland which is Central America and the islands which are Caribbean. There are several ways to get to Belize, including:

 

Air Travel to Belize

Many major airlines offer direct flights to Belize City from several cities in the United States, Canada, and Central America. The Philip S.W. Goldson International Airport in Belize City is the main airport in Belize, with several airlines offering daily flights.

It is estimated that around 81% of all international tourists travel come through the Belize International Airport. In 2023 it is even easier to travel to Belize with more international direct flights flying to Belize and the Philip Goldson International Airport (BZE) than ever before.

The only international airport in Belize is in Belize City, which is BZE (Philip Goldson International Airport). The airport handles all the international air travel to and from Belize.

Below you can see all of the direct flights to Belize as of the start of 2023 and the corresponding airline;

Direct International Flights to Belize 2023

 

 

Most of the direct flights are from major US travel hubs, including; Houston (IAH), Denver, Los Angeles (LAX), Atlanta, Chicago, and Miami (MIA). Belize also has direct flights from Canada (Toronto & Calgary). Belize also has international flights to popular Central American Destinations like Panama City, Cancun, Honduras, and Guatemala City.

Learn more about the direct flights to Belize below;

Direct International Flights to Belize 2023

Direct Flights from New York Announced

 

Land & Border Travel to Belize

Belize is accessible by land from Mexico and Guatemala. There are several bus services that operate between Belize and these neighboring countries. It is important to check Belize visa requirements and border crossing regulations before attempting to cross the border by land.

Belize has 2 border crossings;

  1. The Western Border (Benque Viejo Del Carmen)
  2. The Northern Border (Santa Elena)

 

 

The Western Border (Guatemala & Belize)

Belize borders Guatemala to the West. Near San Ignacio, in the Cayo District, there is the Western Border. There is one main highway crossing of the border at Benque Viejo del Carmen, Cayo District, Belize, and Melchor de Mencos, Peten, Guatemala.

 

The Northern Border (Mexico & Belize)

The Northern border is an international border between the countries of Belize and Mexico. Currently, there are two official crossings at the border, which are international bridges. The main bridge is located between Subteniente Lopez, Quintana Roo, Mexico, and Santa Elena, Corozal District, Belize.

 

 

 

Sea & Water Travel to Belize

Belize is a popular destination for cruise ships, with several major cruise lines offering stops in Belize City and other ports throughout the country.

Cruise Ships

 

Fort Street Tourism Village Cruise Port

Fort Street Tourism Village is the original Belize cruise ship port. The Fort Street Village port has several courtyards, snack bars, and local stores with duty-free shopping. Several restaurants offer authentic Caribbean, Belizean, and international cuisine, and there is often live local entertainment. The Fort Street Village Cruise Port is located in Belize City and is the most popular cruise ship terminal in Belize.

 

Harvest Caye Cruise Port

Harvest Caye is a newly opened docking port in the southern Stann Creek District (near Placenecia) that currently caters to Norwegian Cruise Line passengers.

 

Port Coral Cruise Ship Port

The Government of Belize has started a new “Cruise Ship Docking Facility” (passenger terminal) in Belize City. The new cruise ship port will be called “Port Coral”. The development project also includes building a resort and theme park on Stake Bank Caye – an island located approx 5 miles southeast of Belize City.

Named Port Coral or Stake Bank Cruise Ship Docking Facility. The new “Stake Bank Cruise Ship Docking Facility” or Port Coral will be 25 acres and have a docking capacity of 4 liners. Along with the 4 liner docking stations, the new terminal complex also includes a 60-slip yacht marina.

Construction at Port Coral, a new cruise ship docking facility is well underway and expected to open in 2022.

 

Water Taxi

There is also a water taxi and ferry service which goes between Chethumal, Mexico, and San Pedro Town on Ambergris Caye.

 

 

 

Direct International Flights to Belize 2023

International Flights to Belize

Air travel and flights are essential for international tourism as it provides vital links for the global tourism industry. It is estimated that over half (58%) of all international tourists travel by air; this number is even more so in Belize, where in 2022, over 81% of tourism came through international flights/travel. The tourism industry in Belize depends on sustainable growth and an increase in air travel.

This is shown by the number of new airlines with routes to Belize and the increased number of direct international routes. Tourism is essential to sustainable economic development in Caribbean destinations like Belize. The steady increase and inflow of tourists have a direct correlation to economic growth and appreciation of Belize real estate.

In 2023 it is even easier to travel to Belize with more international direct flights flying to Belize and the Philip Goldson International Airport (BZE) than ever before. This is a sign of the growth in Belize tourism and the continued upward trajectory. Below you can see all of the direct flights to Belize as of the start of 2023 and the corresponding airline;  

 

 

Most of the direct flights are from major US travel hubs including; Houston (IAH), Denver, Los Angeles (LAX), Atlanta, Chicago, and Miami (MIA). Belize also has international flights to popular Central American Destinations like Panama City, Cancun, Honduras, and Guatemala City. You can see more information on the travel days below;  

 

United States Direct Flights to Belize

Direct non-stop flights to Belize are available with United Airlines, American Airlines, Delta Airlines, and Alaska Airlines. Direct non-stop seasonal (Nov to Apr) flights to Belize are available with Sun Country Airlines, Southwest Airlines, and Frontier Airlines.  

 

Alaska Airlines

Alaska Airlines direct flights were announced in November 2021 and started in 2022 with direct flights from Los Angeles (LAX) & Seattle (SEA).

Seattle, Washington (SEA): Direct Flights Tuesday, Thursday, Friday & Saturday.

Los Angeles, California (LAX): Direct Flights Friday & Saturday. 

Alaska Airlines

 

American Airlines

Charlotte, North Carolina (CLT): Direct Flights Every Saturday.

Dallas, Texas (DFW): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday) from Dallas Fort Worth. Multiple flights daily. 

Miami, Florida (MIA): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday).

Los Angeles, California (LAX): Direct Flights Every Saturday.  

American Airlines

 

Delta Airlines

Atlanta, Georgia (ATL): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday).

Minneapolis, Minnesota (MSP): Direct Flights are Seasonal on Saturday.

Delta Airlines

 

Frontier Airlines

Frontier Airlines announced direct flights to Belize starting in 2022. They have 2 planned direct routes from Denver & Orlando.

Orlando, Florida (MCO)

Denver, Colorado (DEN)

Frontier Airlines

 

Southwest Airlines

Denver, Colorado (DEN): Direct Flights Every Saturday & Sunday. 

Houston, Hobby, Texas (HOU): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday).  

Southwest Airlines

 

Sun Country Airlines

Minneapolis, Minnesota (MSP): Direct Flights on Saturday (seasonal). 

Sun Country Airlines

 

United Airlines

Chicago, Illinois (ORD): Direct Flights on Saturday.

Denver, Colorado (DEN): Direct Flights Every Saturday & Sunday. 

Houston, Texas (IAH): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday). Multiple flights daily.

Newark, New Jersey (EWR): Direct Flights on Saturday & Sunday. 

Los Angeles, California (LAX): Direct Flights on Saturday.  

United Airlines

 

Canadian Direct Flights to Belize

The direct Canadian flights from WestJet & Air Canada stopped for the duration of the COVID pandemic. Now the direct flights from Toronto & Calgary are back. 

 

WestJet

Calgary, Alberta (YYC): Direct Flights on Friday (seasonal)

Toronto, Ontario (YYZ): Direct Flights on Wednesday & Saturday

WestJet

 

Air Canada

Toronto, Ontario (YYZ): Direct Flights on Sunday (seasonal)

Air Canada

 

Latin America & Central America Direct Flights

 

COPA Airlines

 
Panama

Panama City (PTY): Direct Flights Every Friday

COPA Airlines

 

TAG Airlines

Guatemala City (GUA): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday).  

TAG Airlines

 

Tropic Air

 
El Salvador

San Salvador Intl (SAL): Direct Flights on Monday, Wednesday, Thursday, Friday, and Sunday.  

 
Guatemala

Guatemala City (GUA): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday).  

 

Honduras

Roatan (RTB): Direct Flights on Monday, Thursday, Friday, and Sunday.  

San Pedro Sula (SAP): Direct Flights on Monday, Tuesday, Thursday, and Friday.  

 
Mexico

Cancun (CUN): Daily Direct Flights (Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday).  

Tropic Air

 

Direct Flights December 2023

New York City JFK to Belize Nonstop Direct Flight Announcement

 

Why is Airline Data Important?

One of the best indicators for what will happen to tourism in a specific market is airline stats. The primary reason is that airlines provide some of the most accurate data for how many new visitors will be coming into a market. Airlines also plan their new or additional routes around patterns and searches, this indicates more people are inquiring about Belize. 

Increase in Flights = Increase in Incoming Passangers = Increase in Demand for Rentals

Increase in Flights = Increase in Tourism = Appreciation of Real Estate Values

 

There is a direct correlation between real estate appreciation and tourism growth within tourism markets. The greater the demand, with a limited supply, equates to an increase in value. This, in turn, leads to higher Belize real estate value!

 

Direct Flights & Belize Economy

The Caribbean region (including Ambergris Caye, Belize) is heavily reliant on tourism for its economic health and the growth of the country. In many Caribbean markets such as Cuba, Guyana, Martinique, Saint Lucia, Trinidad and Tobago, and the Dominican Republic, more than 90 percent of tourists arrive by air. Luckily, Belize has both the mainland and the islands, with roughly 81% of our 2022 inbound tourism arriving by air travel. 

 

Traveling to Ambergris Caye

The only international airport in Belize is in Belize City, which is BZE (Philip Goldson International Airport). The airport handles all the international air travel to and from Belize. If you are planning a trip to Belize and looking to visit San Pedro Town & Ambergris Caye (the #1 destination in Belize), it is very easy. There are domestic puddle jumper flights from Tropic Air & Maya Island Air. The flights run every 30 minutes from Belize City to the island and are a short 10 to 15-minute flight over the reef and beautiful Caye’s. 

Visitors can also take the Water Taxi/Ferry, which departs from Belize City Ferry Terminal. The Ferry is a longer trip but also very easy. 

The RE/MAX Belize team looks forward to welcoming you to Belize! Contact us for more information on Ambergris Caye Real Estate & Belize Real Estate!

 

Belize Tourism Update March 2023

Belize Tourism

In 2022, Belize saw tourism rebound and far exceed the COVID years of 2020 & 2021. In 2022, Belize saw nearly 400,000 tourists. So far, in 2023, Belize has seen nearly double the amount of Q1 tourists from the year prior (2022). In January & February 2022, Belize saw roughly 55,000 tourists (the first 2 months of the year). In 2023, over the same period of time (January & February), Belize has seen over 90,000 tourists (according to BTB). After a strong first quarter to 2023 tourism, Belize is on pace for the highest and best year-to-date four tourism and international arrivals.

The growth in tourism is seen in the increased volume of flights and the latest 2023 tourism numbers from the BTB (Belize Tourism Board). In the first few months of 2023, we have seen a 63% increase in tourism from last year! This puts us on track for one of our best years for Belize tourism. The more flights added, the more people visit Belize.

Belize International Flights 2023

 

2022 Tourism

The 2022 year-end tourism statistics for both overnight and cruise ship tourist arrivals show that the tourism industry in Belize has recovered and is now poised to achieve higher records in 2023. In 2022, Belize saw 370,524 overnight tourist arrivals representing a 69.2% growth over 2021. The year 2022, also registered 615,021 cruise tourism arrivals. Below you can see the tourism numbers for 2022;

 

Overnight Air Travel Tourists 2022

In 2022, Belize had a total of 372,614 overnight tourists (arriving by air). That is 74.1% of the overnight tourism in 2019 which was the highest tourism year to date (503,166 overnight tourists in 2019). It is also 81% of the pre-COVID inbound tourism numbers (average of 2018 & 2019). This shows a strong 2022 tourism recovery for Belize.

 

Cruise Ship Tourists 2022

In 2022, Belize had a total of 615,021 tourists arrive and visit Belize via a cruise ship.

 

2023 Tourism

Q1 of 2023 (January to March) has been even better than the year prior. With the highest Q1 inbound overnight tourism numbers to date. In Q1, 2023 Belize saw 143,319 overnight tourists. This is a 46.5% increase from Q1 2022.

 

Overnight Air Travel Tourists 2023

 

Cruise Ship Tourists 2023

The cruise ship numbers have also seen a drastic improvement in 2023 over 2022. With 318,889 cruise ship tourists arriving in Belize in Q1 of 2023. This is 60% higher than Q1 2022, which saw 199,244 cruise ship tourists in Q1.

 

Belize Flights

Many major airlines offer direct flights to Belize City from several cities in the United States, Canada, and Central America. The Philip S.W. Goldson International Airport in Belize City is the main airport in Belize, with several airlines offering daily flights.

It is estimated that around 81% of all international tourists travel come through the Belize International Airport. In 2023 it is even easier to travel to Belize with more international direct flights flying to Belize and the Philip Goldson International Airport (BZE) than ever before.

The only international airport in Belize is in Belize City, which is BZE (Philip Goldson International Airport). The airport handles all the international air travel to and from Belize.

Below you can see all of the direct flights to Belize as of the start of 2023 and the corresponding airline;

 

Why are Tourism & Inbound Flights Important?

One of the best indicators for what will happen to tourism in a specific market is airline stats. The primary reason is that airlines provide some of the most accurate data for how many new visitors will be coming into a market. Airlines also plan their new or additional routes around patterns and searches, this indicates more people are inquiring about Belize.

Increase in Flights = Increase in Incoming Passangers = Increase in Demand for Rentals
Increase in Flights = Increase in Tourism = Appreciation of Real Estate Values


There is a direct correlation between real estate appreciation and tourism growth within tourism markets. The greater the demand, with a limited supply, equates to an increase in value. This, in turn, leads to higher Belize real estate value!

 

Direct Flights & Belize Economy

The Caribbean region (including Ambergris Caye, Belize) is heavily reliant on tourism for its economic health and the growth of the country. In many Caribbean markets such as Cuba, Guyana, Martinique, Saint Lucia, Trinidad and Tobago, and the Dominican Republic, more than 90 percent of tourists arrive by air. Luckily, Belize has both the mainland and the islands, with roughly 81% of our 2022 inbound tourism arriving by air travel.

 

Ambergris Caye

Ambergris Caye & San Pedro Town represent the top tourism destination in Belize. With the overall tourism numbers increasing, more-and-more people are making their way to Ambergris Caye.

It is truly amazing seeing all the growth and development around San Pedro Town and the island of Ambergris Caye. The announcement of the new hospital, the improvements to the bridge connecting the southern and northern parts of Ambergris Caye, and the increase in direct international flights, are just some of the many exciting new updates.

All of the development and announcements are largely due to the growth and popularity of Belize and the TOP destination of Ambergris Caye (San Pedro Town).

Ambergris Caye Rental Market & Investment

Belize Real Estate in 2023

Check out the latest video to discover the Biggest Changes and latest developments around San Pedro!

Belize Qualified Retired Person Program (QRP)

Belize QRP

Qualified Retired Person Incentive Program

The Belize Qualified Retirement Program (QRP) was created to facilitate eligible people who meet the needed requirements, to obtain residency while allowing them an easy way to permanently live and retire and relax in Belize.

Belize is recognized as a top tourist destination and is also considered to be a top destination for people looking for retirement in the Caribbean. To incentivize people to move and retire in Belize, the Belize Tourism Board (BTB) put in place the Qualified Retired Person Incentive Program (QRP). The QRP was developed in the 1990s to open doors for anyone over the age of 45 who is looking to retire in the Central American-Caribbean paradise of Belize.

Belize offers retirees a lot of upsides; English-Speaking, British Common Law, Low-Tax Jurisdiction, close proximity to home, and warm Caribbean Climate. With the influx of retirees and Baby Boomers, Belize has developed a “Permanent Tourist” sector. The QRP was put in place for retirees whose income allows for self-sustainability. The benefits of Belize’s QRP Program for the individual and the country are significant. As stated by International Living “Belize has one of the world’s best retiree programs”.

 

Who Qualifies for QRP?

The QRP is a great program and allows people who meet the criteria to move and reside in Belize (while easily obtaining residency). Though the QRP is a great program, it is not for everyone. There is a list of qualifications that a person meet to apply and get approval. To be granted approval for QRP the qualifications include;

  • A person must be 45 years or older to apply.
  • When applying dependents include spouses and children under 18 years.
  • A person must meet the financial requirement and be the beneficial recipient of a retirement income of $2,000 USD monthly or $24,000 USD annually generated from a source outside of Belize in an approved foreign currency.
    • Retirement Income includes:
      • Pension
      • Annuity
      • Social Security Benefits
      • Investment Account
      • Inheritance
      • Reverse Mortgage
      • Personal Savings
      • Retirement Contribution Plans
      • And other means of retirement income
  • A person applying for QRP must be able to provide a written undertaking to deposit the required amount in a bank, credit union, or licensed financial institution in Belize.
  • Must pass a security clearance check carried out by the Ministry of National Security in Belize.
  • Must be able to remain in Belize for a minimum of 30 consecutive days annually (every year).
  • Qualifying Countries for the QRP include people with citizenship or status in:
    • All Commonwealth countries excluding Belize
    • United States of America
    • Canada
    • Member States of the European Union [EU]
    • Asian-Pacific countries of Australia, Bangladesh, China, India, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam.
    • All South American Countries

 

QRP Incentives & Benefits

The QRP offers applicants and QRP members an array of benefits. Any person who has been accepted into the QRP Program is entitled to the following under the Belize Retired Persons Incentives Act

  • Belize Residency Status – QRP holders and their dependents shall receive a QRP Resident Card to reside in Belize allowing multiple entries into the country without a Visa. *Resident card to be renewed annually *
  • Duty Exemptions – QRP holders shall be entitled to import duty and tax exemption on the following, for personal use only, within the first year of acceptance into the program:
    • Household & Personal Effects multiple entries allowed with no limit on the dollar value of effects
    • Motor Vehicle [Model must be within the last 5 years] – QRP’s are allowed to purchase a new vehicle every four [4] years with proper disposal of the previous vehicle
    • Light Aircraft [Model must be less than 17,000 kg]
    • Motor Boat
  • Tax Exemptions – QRP holders shall be exempted from all taxes and duties on income received from a source outside of Belize, capital gains tax, and inheritance tax (estate tax).
  • Ease of Purchasing Land – QRP holders are entitled to purchase land for the construction of a home or purchase a home for residential use only.
  • Dependent Benefits
    • Dependants under QRP can engage in any employment in Belize
    • Carry on any business, trade, or profession within Belize if such business relates to activities carried on mainly outside of Belize and conducted exclusively with persons not resident in Belize.
    • Make any investment in Belize (Belize Real Estate and Belize Real Estate Investment for example).
    • Practice philanthropy and volunteer work in Belize.

QRP Member Benefits:

  • Qualified Retired Persons can import personal effects free of import duties;
  • Qualified Retired persons are strongly encouraged to purchase a vehicle in Belize. The vehicle must not be more than three years old. Though they can import a vehicle without import duties.
  • This requirement is the same for imported vehicles.
  • Qualified Retired Persons can import a boat free of import duties to be used for personal use;
  • Qualified Retired Persons are exempted from payment of all taxes on income received from outside the jurisdiction of Belize.

QRP Dependent Benefits:

  • Belize Residency Status – Dependent will receive a QRP resident card allowing multiple entries into Belize without a Visa.
  • Engage in any employment in Belize.
  • Carry on any business, trade or profession within Belize if such business relates to activities carried on mainly outside of Belize and conducted exclusively with persons not resident in Belize.
  •  Make any investment in Belize.
  • Practice philanthropy in Belize.

 

Retire and Invest Program

The BTB (Belize Tourism Board) has introduced a new program that allows QRP holders the ability to more freely invest in Belize and conduct business in Belize. QRP Members will be entitled to carry on business in Belize with approval if the Member meets the following qualifications:

  • A Business Plan
  • Proof of Investment of at least 1 Million Belize dollars (US$500,000.00)
  • If the person has resided in Belize for at least 180 non-consecutive days.
  • The Business must employ at least five Belizean citizens.

Benefits:

A QRP Member granted approval to carry on business in Belize will be eligible for the following:

  • Permanent residency after designation as a QRP for five (5) years;
  • For the grant of any other license or permit necessary for carrying on business in Belize;
  • Practice philanthropy in Belize.

 

Documents Required for QRP

  1. A QRP Application Form.
  2. Notarized Birth Certificate for each family member (QRP applicant and dependants)
  3. Notarized Marriage Certificate (if the spouse is under QRP)
  4. Original Police Record from last place of residence (issued one month prior to application).
  5. Color Copy of the entire Passport (including all blank pages). This is required for each family member and/or dependant. Each page must be certified and stamped by a notary.
  6. Proof of Income. An official statement from a Bank or any other Financial Institution from the country of residence will be required certifying that the applicant is receiving the required financials for QRP. Proof of a monthly income of a minimum of US $2,000.00 or $24,000.00 US annually. This can be through a pension or annuity that has been generated outside of Belize. Once approved, all retirees are requested to open a local bank account and deposit their monthly pension funds or annual income in the Belizean institution. The Belize Tourism Board will request bank statements on a yearly basis to show proof of income and compliance with the retirement program.
  7. Medical Examination and blood work.
  8. Four front (profile) and four side passport photographs of the QRP applicant and each member of the family applying as dependants.

 

Things to Know About QRP

  • Qualified Retired Persons are not allowed to seek employment in Belize, however, voluntary work and business investments are encouraged.
  • Qualified Retired Persons need to submit a yearly bank statement showing compliance with the financial requirements of the program.
  • Qualified Retired Persons are required to renew their retiree status every year.
  • Qualified Retired Persons need a customs broker to process your importation of personal effects, vehicles, or boats.
  • Qualified Retired Persons are not allowed duty-free on items used to repair or build, nor tools of their trade.

The benefits of the QRP Program include a permanent exemption from all taxes in Belize (estate taxes, income taxes, capital gains taxes, and most import taxes). And while the Belize QRP visa offers full-time residency, new residents can enjoy all the QRP benefits even by spending as little as one month in Belize.

The requirements to successfully enter the Belize QRP Program are remarkably simple when compared to residency programs in other popular retirement destinations. It is a program put in place to incentivize foreign investment and retirement in Belize.

If you are considering retiring in Belize and looking at buying Belize real estate, contact us at RE/MAX Belize!

 

Retire and Invest

  • People who are under and apply for QRP shall be entitled to carry on business in Belize with the approval of the BTB if the person meets the following criteria:
    • A Business Plan.
    • Proof of Investment of at least 1 Million Belize Dollars (1 million BZ) (or $500,000 USD)
    • If the person has resided in Belize for at least 180 non-consecutive days.
    • The Business must employ at least five Belizean citizens.
  • A QRP granted approval to carry on business in Belize shall be eligible for:
    • Permanent residency after designation as a QRP for five [5] years.
    • For the grant of any other license or permit necessary for carrying on business in Belize.
    • Practice philanthropy in Belize.

 

Retiring in Belize

Retiring in Belize with QRP
Infographic showing retiring in Belize and QRP program.

Belize is a Leader in Sustainability

Belize is a Leader in Sustainability

The United Nations defined “sustainability” as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” 

Sustainability has become a popular buzzword in both the tourism and real estate industries. That said there are countries that take more action when it comes to environmental policies and sustainability. Countries, like Belize, have programs in place to help protect the environment, and culture and reduce the ecological impact. Belize is leading the way when it comes to environmental policies and sustainability (according to Forbes).

Many countries in the region of Caribbean & Central America depend on tourism dollars as their primary source of income and GDP. Belize is a country that has a lot of its economy centered around tourism. Much of the tourism to Belize is around the country’s natural ecosystem including the Belize Barrier Reef & lush Rainforest Jungles. Preserving the environment of Belize is not only the right thing to do, but it also makes good economic sense based on the country’s tourism sector.

Belize is located in Central America on the Caribbean side, just south of Mexico (below the Yucatan Peninsula) because of this, Belize has a decidedly Caribbean feel and culture. The geographical location and Caribbean Culture (also being English Speaking)is appealing to visitors and tourists who want to go snorkeling, diving, and fishing in some of the most beautiful water in the world and along the world’s largest living reef. Belize is home to the second-largest barrier reef in the world (the largest living reef). It has a plethora of islands off the coast, including Ambergris Caye (the largest island and most popular destination in Belize) with rainforests blanketing the mainland.

With the environment being a large tourism driver, Belize has set up several programs to not only attract travelers but to protect the land and its ecosystem.

For example, Belize has put in programs to protect endangered species such as the Jaguar, also partnering with the Maya Forest Corridor, protecting landscapes from Belize’s Maya Mountains, through the tri-national Maya forest. This region which consists of Belize, Mexico, and Guatemala is the most extensive continuous stretch of jungle in Central America.

More than 70% of Belize is forested, these lush rainforests make the Belize jungle a mecca for wildlife. Belize has also dedicated that 46% of the country is protected National Park & Marine Reserve. Because of this, Belize has over a hundred protected areas, both on land and around the reef.

Belize is also at the forefront of leading cultural sustainability, with efforts to support local community tourism so travelers can engage with and learn about the local Mayan & Garifuna cultures. Belize has a rich history filled with cultural diversity. The plethora of Mayan Temples are all protected and are a key part of Belizean Heritage.

 

Sustainability of the Reef & Ocean

The Belize Barrier Reef is the country’s largest attraction and something natural to the region. Because of this, Belize is very active in preserving the water and coastline. There are a number of protected areas and Marine Reserves (including Hol Chan and the popular Attols). Belize has also banned all commercial fishing from its water, as well as banned commercial drilling from the coastline.

The waters and reefs along the East Coast of Belize and extending the entire coastline host a diverse variety of marine life, from sting rays, manatees, sea turtles, and colorful corals. The Belize Barrier Reef draws scuba divers, snorkelers, fishermen, and water enthusiasts from all over the world. Belize has a reef protection and sustainable tourism program to go along with the “Blue Economy Initiative“, these programs include a new diving site where divers can explore the marine life and waters while reducing strain on these radiant reefs and eco-systems.

Belize has put in place a law and moratorium on offshore oil exploration and drilling in the entirety of Belizean waters. The reef is an integral part of many Belizeans’ livelihoods, whether in the fishing industry or tourism industry, and preserving that water is a key sustainability effort.

Belize also has the Fish Right, Eat Right program which has a commitment to sustainable seafood. The program was created to control illegal fishing and promote best practices in fisheries. Many restaurants, especially in Ambergris Caye, have signed up for the program and have been sourcing seafood responsibly and through local vendors. The program initially targeted restaurants and hotels but is slated to include cooperatives, fish markets, supermarkets, and other seafood purveyors within Belize.

 

Belize Sustainability Programs

Ecotourism thrives in Belize with environmental activities, including hiking to waterfalls, horseback riding, ziplining through the canopies, and visiting wildlife sanctuaries. Belize is known to be a culinary destination and is actually devoid of chain restaurants, with locally produced food and popular local restaurants, travelers can enjoy the food and Belizean culture.

Recently, eco-resorts in Belize have become increasingly popular as they prioritize sustainability as their basis in all things they do.

 

If you are looking to learn more about Belize’s sustainability efforts or would like to explore Belize real estate and investment opportunities contact REMAX Belize!

Forbes Lists Belize & Ambergris Caye Among Best Beach Destinations for Families

Belize Ranks Among Forbes Best Beach Destinations

 

Wendy Altschuler a travel writer for Forbes who covers travel, adventure, and culture across the globe, wrote an article on January 28, 2023, on The 9 Best Beach Destinations For Families with one of the 9 destinations being Belize, and more specifically, Ambergris Caye.

Forbes, the rеnоwnеd buѕіnеѕѕ аnd trаvеl mаgаzіnе, hаѕ lіѕtеd Веlіzе аѕ оnе оf thе bеѕt bеасh dеѕtіnаtіоnѕ fоr fаmіlіеѕ (one of the nine locations mentioned in the article). Fоrbеѕ lіѕtеd Ѕаn Реdrо Аmbеrgrіѕ Сауе hаѕ а “mаgісаl аnd full оf fаmіlу-frіеndlу wоndеr”.

Wendy Altschuler with Forbes said in the article;

“Magical and full of family-friendly wonder, Ambergris Caye has it all. Rent a golf cart, the only way to travel all over the island, and visit Secret Beach (not all that secret), where you can spend the day swimming in the warm water, snorkeling, boating, or enjoying good food. Visitors can also enjoy the underwater world in the pristine waters of Belize. In San Pedro Town, be sure to stop at Caye Coffee Roasting Company; Belize Chocolate Company; and the food truck haven, The Truck Stop.”

It is amazing to see Ambergris Caye get global recognition from Forbes and rank among the top 9 beach destinations for families. Belize has entered the world’s radar, continuing to be featured in major publications around the globe. The Belize Barrier Reef remains the country’s top tourism driver, but the fact our beaches are ranked among the top for families is a further reason so many people visit Belize each year.

The article by Forbes listed other top beach destinations for families as well, and Ambergris Caye ranked among the likes of; The Bahamas, Maldives, Puerto Vallarta, Grenada, Maui, St. Kitts and Nevis, Seaside (Florida), and Cavallo Point (California).

 

Ambergris Caye Real Estate

With all the publicity going towards Ambergris Caye, the real estate market continues to grow. Publications like Forbes reach an international audience. The more people learn about Belize, the more tourism comes to Ambergris Caye. There is. a direct correlation between tourism numbers and real estate values. With higher visibility and recognition, tourism will grow. As tourism grows, so will the demand for nightly vacation rentals. There is a direct correlation between tourism growth and real estate appreciation. If you are looking at owning property or investing in Ambergris Caye Real Estate contact RE/MAX Belize!