Consolidated Water Receives 25-Year Exclusive Retail Water License for Grand Cayman Operations as Tourism Momentum Continues
Consolidated Water secured a new 25-year exclusive retail water license for its Grand Cayman operations, effective August 1, 2026. The license covers the Seven Mile Beach and West Bay areas, establishing a modern regulatory framework and securing long-term exclusivity for water production and distribution. While the new terms include a 6.5% reduction in the cost of water per gallon for customers, the deal provides stability with an annual rate adjustment mechanism. Pro forma estimates indicate revenues would have been approximately $2.1 million lower in 2024 under the new structure due to these lower rates.
Key figures
- License term years
- 25
- Tourism total march 2026
- 221731
- Tourism yoy growth march
- 12.6%
- Pro forma revenue diff 2024
- $2.1 million lower
- Pro forma revenue diff 2025
- $1.9 million lower
- Tourism stayover march 2026
- 64213
- Pro forma revenue diff q1 2026
- $0.6 million lower
- Customer rate reduction percent
- 6.5%
AI analysis
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