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Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals .
The Cayman Islands (/ ˈ k eɪ m ən /) is a self-governing British Overseas Territory, and the largest by population.The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located south of Cuba and north-east of Honduras, between Jamaica and Mexico's Yucatán Peninsula.
The Ritz-Carlton Grand Cayman is a luxury hotel in Georgetown, Cayman Islands, operated by the Ritz-Carlton Hotel Company. It lies on Seven Mile Beach . The hotel was nominated for the Caribbean's Leading Hotel Residences and the Caribbean's Leading Hotel Suite in 2013 at the 20th World Travel Awards.
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
The Seven Mile Beach is the most popular and most developed area of Grand Cayman. [2] [3] It is home to the majority of the island's luxury resorts and hotels. Despite the name, a generous measurement puts the actual length at just a bit over 6.3 miles (10.1 km) long. A realistic length for the uninterrupted sandy beach is about 6 miles. [4]
In the past, most of the people of the Cayman Islands got their livelihood from the sea through fishing, turtle harvesting, and as merchant seamen. Cayman Sea Salt and Cayman Logwood products are now locally made and exported. In the 21st century the islands have thrived in the finance and tourism sectors.
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