Hatchet Caye is truly a gem among Belize’s many spectacular island destinations and highly recommended for people looking for a Caribbean island escape in a thriving marine environment.elize’s barrier reef – the second largest in the world – is within site from Hatchet Caye, making it an ideal location for snorkelling, diving, and fishing trips and the perfect choice for those looking for an authentic small Caribbean island experience. The setting is absolutely perfect for either a romantic vacation or for friends and families simply looking to enjoy each other’s company in an intimate location.