Nearly 28,000 tourism-related economic units were affected by Hurricane Otis, which primarily struck Acapulco Guerreroand less than 28% have insurance, Hector Tejada, president of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur), said on Wednesday.
According to the leading organization of the Mexican tertiary sector, There are 83,801 tourism-related businesses in Guerrero.Of those, 43% are in Acapulco, one of the country’s top tourist destinations and the area hardest hit by Otis, which has killed 46 people so far.
Tejada commented at the press conference that of these there are about 36 thousand enterprises, from 8 thousand (22%) to 10 thousand (28%) economic units. they have insurance.
“From 8 thousand to 10 thousand are insured (tourism business), so We think that 26 thousand companies will not have any type of insurance. and they are the ones who will have to look for a loan or some kind of support, otherwise they will not open again, and we hope that this will be the smallest number of companies,” he commented.
Moreover, he assured that workers in Acapulco will retain their incomethanks in large part to large consortiums of hotels and restaurants, which he said are aware of the post-Otis emergency and have the means to deal with this type of emergency until it is restored.
However, he did not rule out that some micro, small and medium enterprises have to apply for support from the Mexican government or a loan from financial institutions to resolve these labor obligations.
According to insurers, only 16 thousand real estate objects and 20 thousand vehicles are insured, although Damage affected more than 90% of homes and 80% of hotels.on the Guerrero coast, with damage covering 65% of its length.
According to Fitch Ratings, the catastrophic losses caused by Hurricane Otis amounted to valued at $16 billionboth economic and insurance, an amount he considered insignificant.
This Wednesday the Mexican government will also estimated the cost of renovation and social support at P61.313 million. in Guerrero after Hurricane Otis, a week after it hit hard. (EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
