Luxury Hoteliers Magazine 4th Quarter 2019 | Page 20

Planning for a rapid recovery from natural disasters is known as “business continuity,” “sustainability,” and more recently as “resilience.” We call it common sense. Companies that can quickly adapt to change are able to create competitive advantages for themselves, increasing their profitability. Over the last 50 years, Puntacana Resort & Club has been forced to confront myriad challenges beyond extreme weather, forcing us to innovate and sharpen our skills in response to fresh challenges. We believe this has made us a stronger and more profitable company. In 2007, our company took on solid waste. In the face of unsafe landfilling and rising costs, we launched a “Zero Waste” program for our resort, separating all of the resort’s solid waste and initiating one of the largest corporate recycling programs on the island. We used worms to transform our organic food waste into compost, which we used as fertilizer on our golf courses and landscaping, as well as to produce organic vegetables. Through Zero Waste, we managed to recover close to 60% of all solid waste produced by the resort, approximately 20 ILHA 24 tons a day, and convert it into useable materials. All told, this saved us hundreds of thousands of dollars in waste hauling fees and produced tangible benefits for the resort. Through the Grupo Puntacana Foundation, our company began restoring the coral reef in front of our property fifteen years ago. The reef provides many benefits to our company. It protects our beaches from erosion, provides snorkeling and scuba activities for our guests, is a source of seafood for our restaurants and income for local fishermen. The coral reef also provides vital protection for our coastal resort from storms like Irma and Maria. Studies by The Nature Conservancy have demonstrated that a healthy coral reef can provide hundreds of millions of dollars of avoided storm and flood damage to coastal infrastructure in places like Punta Cana. Coral restoration is a technique that allows us to grow corals in underwater and land-based nurseries and then transplant the corals back on the reef. Much like traditional plant gardening, restoration allows us to actively restore degraded reefs, creating new habitat for fish, sea turtles, and other creatures. “Coral gardening” has also created new activities for visiting tourists and divers, and new job opportunities for local fishermen. When the next hurricane comes, we believe that having a healthy coral reef will be in an investment in storm protection and in our business. Being an innovator offers another valuable benefit: it attracts fellow problem-solvers. Puntacana Resort & Club has become a magnet for inventors, innovators, and creators trying to solve constantly evolving problems. We now work with two dozen different universities, foundations, and government agencies to confront new challenges to the tourism industry. Every time we face a new problem, it seems our resort is the first stop for every entrepreneur, mad scientist, or company looking to test new ideas, products, and theories on a resort daring enough to experiment. Being surrounded by out-of-the-box thinkers exposes us to new ideas and makes us more competitive. Companies, we believe, can be disruptive agents of change, breaking