July 16. 2019
Thinking of visiting Cancun? Smell again
If you've thought about hopping down to Mexico for some cheap beer, brilliant sunshine, and pristine Caribbean beaches, you might want to hold off. Right now they're experiencing an invasion of seaweed-like algae.
Thousands and thousands of tons of it have been piling up in Cancun and dozens of nearby beaches in the Yucatan Peninsula, from Tulum to Playa del Carmen. Not only is the slimy brown stuff an eyesore, but it stinks like rotten eggs.
The phenomenon is hurting Cancun’s tourism business. Hotel occupancy in Cancun fell 3.4% in the first three weeks of June. Some resorts are offering discounts on rooms of as much as 20% and transporting guests to unaffected beaches.
Air traffic to Cancun increased only 1.2% in June, the weakest growth for the month since 2011, and investors have been dumping shares of a stock I actually own; Cancun airport operator Grupo Aeroportuario del Sureste. The stock is down more than 10% since the end of January.
In Cancun, almost 40% of jobs are directly related to the tourism industry, according to a 2018 study by the World Travel & Tourism Council.
Mexican President Andres Manuel Lopez Obrador calls the problem “controllable” and has allocated only $2.6 million for seaweed removal.
Red tide, which is made up of another type of algae, hit Florida’s coast in 2018, killing fish and releasing toxins that cause respiratory symptoms in humans similar to tear gas.
Ran DeBord - All Access Sporting News
Some content sourced from: AASNNews; AP
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