Steve - Some people love the hotel zone. Others hate the traffic getting there at rush hour and hate being 25 minutes from a decent grocery store. And now that the beaches are so bad there people may be going elsewhere for their long walks on the beach. Puerto Cancun is a troubled development for many reasons. But lots of people feel there is real value there. Some of the projects look pretty nice. And Puerto Cancun is closer to the airport than certain parts of the HZ. I guess time will tell whether the value is really there. As to the issue of hotel rooms vs condos. Hotel rooms are built when a vacation spot is hot. Condos are built when the vacation spot is no longer hot. I think that's pretty obvious. It's not a matter of there being no land left, that's thinking about it backwards. At some point developers decided to build condos and NOT hotel rooms on the remaining land. They did so because the tourism numbers in Cancun have fallen steadily for years. So condos were a better way to make money off that land. If tourism was stronger here you can bet they would have built hotel rooms!! The trend is clear to those of us who live here and keep our ears to the ground. Cancun's airport is already the second busiest in Mexico, after Mexico City. I imagine it's use will grow for some time as the Riviera Maya gets built up. They are building another runway there right now.