Cuba’s rising tourism attracts interest from foreign hotel chains

Published on : Saturday, May 14, 2016

Cuba flagWith the rise in tourism receipts in Cuba, more and more foreign hotel chains are showing interest in the country.

The Ministry of Tourism of Cuba (Mintur) recently celebrated the interest of firms like Melia Hotels International or Iberostar of Spain, already with a long standing relation with this country, to which are added now a numerous group of other foreign lodging companies.

Tourism is one of the economic sectors prioritized in Cuba and the second source of hard currency after the export of services.

A report published in the Italian newspaper Travel Trade Caribbean TTC, circulating in the 36th International Tourism Fair FIT Cuba 2016 (May 3-7) shows data given by Mintur.

A total of 17 foreign hotel chains operate in this archipelago with 83 establishments, of which 98 percent are four and five-star categories.

Those enterprises managed at the closing of the first quarter, 39 thousand 422 rooms, added to the creation of 13 joint venture in this sector.

On top of the list is Melia, with 28 hotels in management and 13 thousand 480 rooms followed by the Canadian firm Blue Diamond Hotels and Resorts, belonging to the Sunwing Travel Group, with 15 hotels and eight thousand 472 rooms while the rest of operators come from France, Portugal, Jamaica and the United States.

The U.S. firm Starwood signed a bilateral agreement with Cuba, a first for both nations since 1959.

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