Published on : Wednesday, May 8, 2019
Reyes Maroto, Spanish Minister of Industry, Trade and Tourism during the opening ceremony of 2019 International Tourism Fair of Cuba on Tuesday said that the European nation and Cuba were working to improve the management of their tourism models for greater quality and efficiency.
Spain was the guest of honor and Maroto mentioned that the tourism industry was a key to the development of both nations. It was a main source of foreign currency.
She went on saying that the they should work for a transformation that together would guarantee the highest profitability and sustainability in the medium. In the long term it should allow them to maintain the position of the world leadership which the destination has today.
They wanted a permanent model that could respond to an environment with constant changes.Currently many Spanish firms were expanding and wanted to participate firsthand in the changes occurring in the Cuban tourism model.
There are Spanish companies from the tourism industry in Cuba which will act as agents stimulating the economy.
Tourism can be a source of foreign currency to finance sustained economic development. Additionally it can impact other sectors like agriculture, construction, transport, cultural heritage and trigger social inclusion.
To finance the island’s local currency priority development projects linked to the interests of Spanish companies she has announced a second fund of 375 million euros which is about 42o million U.S. dollars.