Examples of Conscious Businesses
What type of tourism investment is best for long-term sustainability?
Unlike the other islands of the Turks & Caicos, Salt Cay’s population has plummeted to 54 residents.
Salt Cay urgently needed investment to revitalize the island. But which tourism investment type is best suited to attract permanent residents, protect the island’s fragile ecosystem and showcase its unique history: a cruise dock, a luxury resort, or glamping (glamorous camping)?
Did a natural disaster in Mexico result in bigger insurance companies willing to take bigger risks?
In 2005, Hurricane Wilma shook Mexico’s insurance industry to its roots. From regulation to reserves to insurance companies, no element was unaffected following the most expensive hurricane in Latin America’s history.
Today, there are only six major companies that regularly offer insurance for waterfront properties. Of these companies, AXA carries the majority of policies on beachfront hotels in northern Quintana Roo. In addition, most brokers interviewed felt that any new product would require an international re-insurer. The stated advantages of larger re-insurance companies have resulted in a greater appetite for risk.