Source: Travel News
Damage at the Caribe Playa Beach Resort after Hurricane Maria in Patillas, Puerto Rico, in 2017. Caribbean hotel owners are still recovering from 2017 storms. Bloomberg
Skift Take: Despite storm risks, hotel owners continue to justify investing in beach properties. High room rates and discounted asset prices are part of the pull. A key question is how well insurers will adapt to the likelihood that climate change may cause more intense hurricanes.