Royal Caribbean’s Giant Beach Resort Blocked by Mexico after Environmental Backlash
Photo Credit: Royal Caribbean's planned water resort in Mexico Royal Caribbean
Skift Take
At what point in the investment cycle does environmental risk now need to be priced in? The answer, increasingly, is before the land is bought.
Royal Caribbean's plan to build one of Latin America's most extravagant water parks has collapsed, rejected by Mexican authorities.
Perfect Day Mexico was described as a sustainable development by the company billed as “bigger and bolder than anything we have done to date.” It promised 30-plus waterslides, six pools, three beaches, 12 restaurants, and 24 bars across 107 hectares of Mexico's Caribbean coast.
The proposed site in Mahahual, a fishing village of around 2,600 people in Quintana Roo, sits adjacent to the Mesoamerican Barrier Reef, the second-largest coral reef system in the wo