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?
Deputy Secretary of State Richard Verma said at the Skift Global Forum that the State Department is still working to reduce wait times in countries like Mexico, Brazil, Colombia and India.