If you want honesty, talk to a kid.
They tell it to you straight every time.
Samantha, a UK expat based in Panama City, experienced this first hand.
She took her daughter, Ana, and her best friend, Gaby, both 8 years old, on a trip to the local zoo. At the end of the day she asked, “Did you guys have a good time?”
Her daughter Ana, not trying to disappoint her mother, responded, “Yes, thank you mom.”
Ana, however, replied, with not much hesitation, “McDonald’s was good, but the zoo was crap.” She continued listing out four things that made it “crap”…
Samantha could not argue with any of Gabriela´s points. They were all valid.
Enjoying the straightforwardness of little Gabriela, Samantha proceeded to ask her about her most recent trip to Punta Cana with her family.
“Punta Cana is awesome!”
I believe this is huge coming from an 8 year old kid.
Family Friendly Attractions And Tourism Demand
TripAdvisor lists over 100 things to do in Punta Cana.
Punta Cana has more to offer than just its world-class golf courses and white sand beaches. Tourist attractions here are diverse, ranging from dolphin watching, ATV off roading, ziplining, water parks, museums, and eco-tours in the jungle.
The diversity in tourism attractions is what makes Punta Cana the ideal place for family vacations. It’s one of the reasons why Punta Cana accounted for nearly 60% of the 6.18 million visits that the DR received in 2017.
No surprise here.
Destinations with the most family-friendly attractions tend to have higher tourism numbers.
Orlando, Florida, for example, home to Disney World, had 72 million visitors in 2017—this number includes domestic and international tourists. Las Vegas, now with plenty of activities for kids, had over 40 million in the same year.
The correlation between tourism demand and family activities is real.
In fact, groups like Meliá Hotels International and Karisma Hotel and Resorts have begun to develop more family friendly hotel and resort properties in Punta Cana to capitalize on this segment of travellers.
What Family Friendly Means For Retirees and Second Home Buyers
For a young investor with no kids, the idea of family friendly attractions doesn’t mean much to him other than more rental cash flow or a higher ROI.
The perspective of an older investor with kids and grandkids, just a couple years away from retirement, is very different, however.
An older investor, for example, will consider investing in a unit that doubles as a rental and a vacation home—for the family to enjoy once or twice a year—that ultimately becomes their retirement residence.
Profit is not really important, they’re just trying to break even.
The idea is to own a second home that pays for itself from its rental income. In other words use your rental cashflow to pay for your future retirement home.
This strategy only works if you and your family enjoy spending time where your unit is located.
That means that an investor looking to buy in a specific country or city must pay attention to the amount of activities, places, and, even, special events that cater to the entire family from the toddlers up to senior citizens.
Does the area have a pizza or ice cream shop for the kids? If you and your wife (husband) want to have a date night, do you have a decent selection of fine dining establishments to choose from?
For some cultural experiences, are you in close proximity to museums or historical landmarks? What about leisure activities like golfing and fishing for dad? Are there any local amusement or water parks in the region that the entire family can go to for a day of fun.
Punta Cana is buzzing with activities and places for everyone in the family to enjoy.
It’s why little Ana said, “Punta Cana is awesome!”
If you’re an investor looking for a place to spend time with your family or to retire to, then Punta Cana makes sense.
When you’re not using your unit, you’ll be able to rent it out. And, with such high rental demand here, you won’t have any issues with that.
Plus, with all there is to do here, you won’t have to worry about your family or young grandkids not wanting to visit you. You’ll probably have to force them to go home.
To get more information on any of our real estate projects in Punta Cana, get in touch with one of our investment consultants at [email protected].