cuba hotel development

Meliá Hotels Reports Strong 2015 Financial Performance in Cuba

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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

Choice Hotels’ Steve Joyce Visits Cuba, Sees Massive Growth

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Choice Hotels’ Steve Joyce Visits Cuba, Sees Massive Growth

It is no secrete that Cuba’s future economic development plans includes a focus on travel and tourism. Current US rules have so far restricted US firms from doing business in Cuba. Although Obama has loosened some restrictions, the travel and tourism sector remain off limits for US-based firms. Recently, Choice Hotels’ Steve Joyce visited Cuba. … Read more