How can my development profit from other resort developments?

A resort operator can indeed profit from nearby resorts by supplying utilities and engaging in agriculture, aquaculture, and mariculture.  Other areas for enhanced profit or reduced operating costs are shared services, for example immigration services or sea plane charters, dive and snorkelling clubs and charters, fishing and general boat charters to name a few.  Some examples of how this can be done are.

1. Utilities Supply for Profit:
   • Water, Power, and Communications: Offering utilities such as water, power, and communication services to nearby resorts can create an additional revenue stream. The operator can set up sustainable and efficient utility systems and charge neighbouring resorts for usage.
   • Example: The resort operator can establish a water treatment plant and provide clean, potable water to nearby resorts for a fee based on consumption.
2. Agriculture, Aquaculture, and Mariculture:
   • Agriculture: Developing agricultural plots to grow crops, fruits, and vegetables can supply fresh produce to both the resort and neighboring resorts. Selling surplus produce can generate revenue.
   • Example: Establishing an organic vegetable garden and supplying fresh produce to nearby resorts, restaurants, or local markets.
   • Aquaculture and Mariculture:
     • Aquaculture: Cultivating fish, shrimp, or other aquatic organisms in controlled environments can yield a consistent supply of seafood for both the resort and neighbouring resorts.
     • Mariculture: Cultivating marine organisms like oysters, clams, or seaweed can also be profitable and provide a sustainable source of income.
     • Example: Establishing fish ponds or oyster farms and selling the harvested seafood to local restaurants, markets, or neighbouring resorts.
3. Cross-Selling and Collaboration:
   • Collaborative Packages: Collaborating with nearby resorts to create joint packages that include experiences, activities, and products from each resort can attract a broader customer base and boost revenue for all involved.
   • Example: Partnering with a nearby resort to offer a combined package that includes a day at the beach, water activities, and a gourmet seafood dinner sourced from the operator’s aquaculture ventures.
4. Eco-Friendly Initiatives:
   • Sustainable Practices: Focusing on sustainable and eco-friendly initiatives, such as renewable energy sources, waste reduction, and water recycling, can lower operational costs and attract eco-conscious customers who are willing to pay a premium for sustainable services.
   • Example: Investing in solar panels to generate electricity, reducing the resort’s reliance on conventional power sources and lowering electricity costs.
5. Shared Knowledge and Expertise:
   • Consulting Services: Offering consulting services to nearby resorts on sustainable practices, eco-friendly initiatives, or efficient operational strategies can be a lucrative venture.
   • Example: Sharing expertise in sustainable waste management practices or advising on cost-effective energy solutions for neighbouring resorts.

By leveraging utilities supply and sustainable ventures like agriculture, aquaculture, and mariculture, a resort operator can establish mutually beneficial relationships with nearby resorts. This approach not only generates additional revenue but also promotes sustainable practices and creates a positive impact on the local community and environment.

For a list of larger private island land areas that facilitate multi resort developments, please see our private island beaches page or contact us directly at sales@kepriestates.com for more information.

Check out the video below for a deep dive into private island investment due diligence.