Carnival’s Fathom Will Sail to Cuba with Cuba-Born Passengers

Carnival’s Fathom Will Sail to Cuba with Cuba-Born Passengers

Cruise ship behemoth Carnival Corporation today announced it will sail as planned from the U.S. to Cuba with all travelers, including Cuba-born passengers, for the company’s week-long voyages to Cuba. Carnival worked closely with Cuba to allow its cruise ships to operate in a similar manner as current air charter operations to Cuba, starting with … Read more

Here’s a Haitian Airline Expanding in Cuba

Here’s a Haitian Airline Expanding in Cuba

On a bright February morning amid a mild westerly breeze, a newly painted plane sticks out like a fresh blade of grass as it parks and prepares to load passengers on the tarmac of Toussaint Louverture International Airport in Port-au-Price, Haiti. Philippe Bayard, the CEO and founder of Sunrise Airways, Haiti’s only Haitian-owned airline, climbs … Read more

Meliá Hotels Reports Strong 2015 Financial Performance in Cuba

Meliá Hotels Reports Strong 2015 Financial Performance in Cuba

Citing improved relations between Cuba and the US, Meliá Hotels recently reported impressive 2015 financial performance from its Cuba revenue base of $435.4 million (management revenue included €19.5 million generated by third-party hotel management in Cuba). The Spanish hotel company was one of the first foreign hotel companies to begin operations in Cuba after the … Read more

Cuba’s Construction and Agricultural Machinery Sectors

Cuba’s Construction and Agricultural Machinery Sectors

In the event that U.S. restrictions on trade with Cuba are lifted, Cuban demand for construction and agricultural machinery is likely to provide U.S. producers of such machinery with significant export opportunities in the near term. Cuba is currently upgrading its infrastructure in most areas and is working to increase the country’s agricultural productivity. Cuban … Read more

Cuba Is Planning a Major Hotel Expansion

Cuba Is Planning a Major Hotel Expansion

Cuba’s National Plan for Economic and Social Development, featured at the 7th Congress of the ruling Communist Party, plans to create at least 108,000 new tourist lodgings in the next 15 years or so. According to official sources in Cuba, Tourism Minister Manuel Marrero announced that the project has already picked the possible locations for … Read more

ECLAC Changes Cuba Growth Projection for 2016

After a very strong year for Cuba’s economy in 2015, the country’s GDP growth is projected to slow this year. The United Nations Economic Commission for Latin America and the Caribbean has forecasted GDP growth of 2 percent for the island this year, following an increase of 4 percent in 2015. The 2016 number is … Read more