Iberostar’s warning that climate change is the top risk to its business and the wider tourism sector reflects a growing concerns that beachfront hotels may face mounting physical threats and financial exposure in the future.
In hotels, as in banking, the real money is in being a capital-light intermediary rather than actually owning things. No wonder Posadas is pursuing its international expansion with an asset-light strategy.
Ever since Hyatt acquired Apple Leisure Group for $2.7 billion in 2021, it has been expanding its presence in the all-inclusive resort segment, which has gone upscale in recent years.
A hefty tax on cruise passengers docking in Mexico could hurt the country's tourism industry, a point cruise executives are hammering home. But is Mexico's government listening to them?