Today, we can safely say that tourism activity dominates the economic landscape in Quintana Roo: it has been strengthened over the years with the emergence of destinations that represent an alternative to the cities of Cancun and Playa del Carmen.
Novel destinations such as Tulum, Bacalar and Mahahual have made of Quintana Roo one of the most attractive Mexican states for both national and international tourism. As such, it is not surprising for the tourism sector to have reached extraordinary maturity here, with its sphere of influence exceeding even that of the Mexican Caribbean and reaching almost the entire country, that way allowing for economic diversification, a matter of utmost relevance for the future development of the state.
Building on the success of hotel investments in this state, services, materials and equipment have today reached over to other tourist destinations such as Los Cabos, Huatulco, and as far as the Dominican Republic. The local know-how, developed as a result of these successful operations, has encouraged the export of different goods and services such as food, furniture, industrial equipment for inverse osmosis (desalination equipment), pre-insulated piping, legal & managerial services, cleaning services, audiovisual services, and many other.
Quintana Roo is clearly now the home of a very own economy and manufacturing industry, rapidly expanding over to other destinations.
This growing diversification will benefit from the strategic presence of the Cancun International Airport, directly connected and at the same distance from cities such as Los Angeles and New York, Bogota and Houston, Atlanta and Panama, CDMX and Santo Domingo, Guatemala and Miami, and more. This airport is also a direct entry point for Europe.
On the other hand, a new economic approach is also needed; an approach focused on the corporate side of things that can address not only regional needs, but also national and international needs, including all of Latin America and the Caribbean. Such an approach would open the door to new real estate investment in Quintana Roo that would accommodate its emerging business economy, this way further developing and diversifying other economic hubs, so as not to depend so heavily on tourism and the hospitality industry.
In several ways, there are certain parallels between Cancun and Miami: both cities are located at a peninsular end in the Caribbean, both were conceived from their inceptions as tourist hubs, located in once-inhospitable areas lacking communication channels at the time. Miami is today an important financial axis wherein large companies operate for the US, Mexico, the Caribbean and South America. It is clearly not necessary to reinvent the wheel, it is just a matter of replicating and modelling after success stories.