No mojitos and no lights: Cuba’s tourism industry fights losing battle

  • 📰 FT
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Power cuts and shortages of basic items plague Communist-ruled island’s vital sector

A swashbuckling history, vintage cars, Caribbean beaches and one of the safest destinations in the Americas: in theory, Cuba’s tourism industry should be booming. Yet annual visitor numbers to the Communist-ruled island nation have almost halved in six years, falling from 4.7mn in 2017 to 2.4mn last year.

A broader wave of sanctions brought further pain for the tourism industry, much of which is controlled by the Cuban military holding company GAESA. Trump’s activation of part of a 1996 law on Cuba enabled Americans to sue foreign firms for using property they had owned before it was nationalised by the Cuban government in the 1960s.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 113. in BUSİNESS

Business Business Latest News, Business Business Headlines