Less than 28% of tourism businesses affected by Otis in Guerrero have insurance

2023-11-02 10:18:31

Mexico City, Nov 1 (EFE).- Nearly 28,000 economic units related to tourism were affected by the scourge of Hurricane Otis, which mainly hit the resort of Acapulco on October 25, and less than 28% have insurance. , reported this Wednesday Héctor Tejada, president of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur).

According to the leading organization of the Mexican tertiary sector, in the state of Guerrero there are 83,801 businesses related to tourism, of which 43% are in Acapulco, one of the main tourist destinations in the country and the area most affected by Otis, which has So far, 46 people have died in its wake.

Tejada commented at a press conference that of these nearly 36,000 businesses, between 8,000 (22%) and 10,000 (28%) economic units have insurance.

“From 8,000 to 10,000 are insured (tourism businesses), so we think that 26,000 companies will not have any type of insurance and will be the ones that will have to look for some credit or some support or they will not open again, which we hope will be the smallest number. of companies,” he commented.

In addition, he assured the workers in the Acapulco resort will maintain their income, largely due to the large hotel and restaurant consortiums, which he said are aware of the emergency after Otis and have funds to deal with this type of emergency prior to their recovery. .

However, he did not rule out that some micro, small and medium-sized companies will have to seek support from the Mexican Government or some credit from financial institutions to solve these labor obligations.

According to data, insurers estimate that only 16,000 properties and 20,000 vehicles are insured, although the damage reached more than 90% of the homes and 80% of the hotels, on the coast of Guerrero, Mexican Pacific, which has damage to the 65% of its extension.

According to the rating agency Fitch Ratings, the catastrophic losses caused by Hurricane Otis are estimated at 16 billion dollars, both economic and insured, an amount that it estimated to be insignificant.

This Wednesday, the Mexican Government also estimated at 61,313 million pesos (more than 3,400 million dollars) the cost for repairs and social support in the southern state of Guerrero after the impact of Hurricane Otis, one week after its severe blow.