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Weekly report on Cuba's tourism industry
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Cuba: Tourism in Cuba's Business Agenda

The Cuban tourist industry, a dynamic sector in the domestic economy, stands out for the interest shown by foreign executives around the world in the new investment law passed in the country.

The facilities included in the new law pave the way for a growing presence of hotel chains in the island.

In this sense, the Spanish firm Meliá Hotels International, which has been in Cuba for 24 years and manages 26 facilities, plays a fundamental role.

The chain manages four main brands in the country: Paradisus, Meliá, Tryp and Sol Hoteles.

Meanwhile, the Swiss hotel group Kempinski, the oldest in Europe, will take on the management of a hotel owned by Gaviota S.A. which must be opened by 2016 in Havana.

According to data from the Ministry of Tourism, there are 16 foreign hotel chains operating in Cuba which manage 60 hotels and 28,510 rooms.

Meliá Varadero. Bird`s-eye view
María Aguilar Beach, Trinidad.
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In the golfing sector, an agreement was signed to create the Carbonera S.A. joint venture which will develop a project with an investment close to 350 million dollars.

The southern coast of Cienfuegos and Sancti Spíritus have a development potential in about 90 kilometers of coastline combining tourist products such as beaches, nature tourism and health.

The abovementioned options are complemented by cultural and historical offers in the provincial capital cities and Trinidad.

Likewise, the development of nautical sports, among coastal landscapes of exceptional beauty is planned in Nuevitas, one of Cuba's largest bays, located in northern Camagüey.

Guardalavaca, in the province of Holguín, is regarded as the third most important tourist resort in Cuba due to the unique natural attractions of its beaches and rural areas.

Perspectives presented by the Ministry of Tourism indicate that Guardalavaca is the fourth most attractive destination, where a large real estate program associated with the development of golf courts in the area of Loma Linda is planned.

Thus, the country's natural, cultural and historic attractions, which can be found across the island, have not been overlooked by foreign companies specialized in tourism, ranging from internationally famous firms to smaller ones which concentrate their operations in the Caribbean.

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