You will find the standard of living in the Yucatan state of Quintana Roo to be very similar to the state of Florida in the US. Quintana Roo is tourism-based, so the local and the national government focuses on the infrastructure here, including the roads, the quality of which you will notice here. In the local city of Playa del Carmen, the population is only just about 200,000, but we have an overpass on the highway that takes you from the south end to the north end. You won’t find these types of gorgeous investments in Mexico except if you are in the larger cities like Mexico City, Monterey, or Puebla, which have a population of 3 million plus. We have this type of investment here in Playa del Carmen on a federal level even though the population is just around 200,000.
We also have high end, five star hotels here such as the Hyatt, which just opened up a hotel in Playa del Carmen about 10 months ago and they will be opening another one inside the Mayakoba golf course community. These types of investments into this region are a very interesting indicator that they have done their study and they decided to invest large amounts of money into this region.
Another example is Cirque du Soleil, which has two locations in the world but they have a permanent structure here. One location is in Las Vegas and this very successful company chose to invest here in the Riviera Maya, in an area that is only 50 minutes north of Playa del Carmen. I think these are very interesting examples of multinational companies that have chosen to invest into this region expecting to be operating 5 or 10 years into the future.
With regard to the standard of life here, in Playa del Carmen, a lot of people get surprised that we now have a Sam’s Club, two Wal-marts, Home Depot, and a lot of other chain stores. We have a cinema here that has VIP service, where waiters come to your seat and take your order and deliver your orders to you while you sit on your lazy boy chair in the movie theater.
The hospitals here in Yucatan are top notch. There are First World, state of the art hospitals in Merida (in the state of Yucatan), primarily because it is the center of the Yucatan Peninsula. The leading hospital here in Quintana Roo is Hospiten.
There is a Jack Nicklaus golf course right between Merida and Progreso. (Progresso is a beach town about 50 minutes away from downtown Merida.) There is also an ice skating rink in Merida, which is a wonderful attraction. They also have Costco, Sam’s Club, Wal-Mart, and other chain stores that you are used to in the States.
(Cirque du Soleil theater north of Playa del Carmen, Mexico, pictured.)