The United Nations Global Assessment Report 2013 (GAR13) has identified tourism as one of the fastest-growing business sectors with a profound impact on global GDP and the labor market (UNISDR, 2013). Recognizing the strong linkage between tourism and economic development, the Sendai Framework for Disaster Risk Reduction (SFDRR) explicitly stresses the importance of promoting and integrating disaster risk management approaches throughout the tourism industry under Priority 3: Investing in disaster risk reduction for resilience (2015). However, tourism destinations are mostly located in hazard-prone areas such as mountain areas, rivers and coastlines. As stated by Mahon, Becken, & Rennie (2013), investors are also using increasingly higher-risk locations for hotel development due to an increased demand for limited coastal regions.