Tag Archives: Cuban Tourism

Financial Times: Cuban tourism boom to harm rest of Caribbean

cuba_beach

What a surprise!

The sight of the Stars and Stripes being hoisted over the newly opened US embassy in Cuba last week, was one of the most visible signs yet of the diplomatic rapprochement between the long-term foes.

If President Barack Obama gets his way, the US Congress will soon go further still and lift its 55-year-old trade embargo on the island.

Such a move would be a major boon to the Cuban economy, not least by unleashing a torrent of big-spending American tourists on the island, which has largely been starved of such arrivals for more than half a century.

This, however, could prove disastrous for some of the small islands elsewhere in the Caribbean which are heavily dependent on tourism. They could see much of the US tourism trade they have come to reply on decamping to the large, and quite possibly cheaper, new competitor in their midst.

… continue reading the Financial Times Cuban thaw poses tourism threat to Caribbean neighbours

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Filed under Barbados, Barbados Tourism, Cuba, Economy

Qatar Building Luxury Hotel In Cuba – Meanwhile Barbados Oceans Two Stops Construction “Cashflow Problem”

Cuba’s Tourism Set To Rocket As US Blockade Falls

Qatar has announced that it will build a five-star resort on the South coast of Cuba and become the first Arab country to “invest in Cuba’s booming tourism sector”. The 450-room upscale resort is expected to be completed by 2015.

The Qatar announcement is only one of the many indicators we see in the news today that the thaw in Cuban-American relationships is already having a tangible impact upon Cuba’s economy and especially its travel industry. As business and tourism struggles throughout the rest of the Caribbean, reports suggest that Cuba’s visitor numbers (and foreign currency inflow) will significantly increase this year largely based upon the pent-up market of Cuban-Americans now able to travel to the old country to assist family members with financial aid, business investment and, most important – business experience.

Cuba Holguin Bed Breakfast

“Casa Particular” Bed & Breakfast Tourist Homes – A Resurgence of Cuban Entrepreneurs

BFP’s own Cliverton received word from Cuban friends that the number of licensed family-run bed and breakfast homes in Holguin has increased by about 22% this year. Although that number makes no distinction between a home that has prepared and opened a single bedroom for rent or a new purpose-built four-bedroom tourist home with ensuite toilets, it is an important indicator of capital investment and growth expectations.

When Cliverton asked what he could bring to Cuba next time, most of his friends immediately said “bed sheets!” Even if they can’t use them in their own B&Bs, bedsheets are the hot commodity at the moment. So if you stay at Rosa’s or Sonia’s place, don’t forget to bring some new sheets. You’ll be amazed at the welcome you’ll receive! (That’s Sonia’s front apartment in the photo. Clean place run by friendly people.)

Oceans Two Construction Stops

Oceans Two Construction Stops

Meanwhile In Barbados: Oceans Two Project Stops Construction

We can all hope that the work stoppage at the Oceans Two resort hotel project is simply about an underfunded project. IF that is truly the case, perhaps some other firm can pick up the pieces and continue.

If, however, the problem is that all the banks have looked at the long term scenario for tourism investment in Barbados and have refused financing on that basis — then we are in big trouble. What is the truth? Around here, who knows? According to the CBC, the project’s owners have refused comment. (See CBC’s 200 Workers Sent Home From Construction Site)

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Filed under Barbados, Barbados Tourism, Cuba, Offshore Investments, Real Estate, Tourism, Travel, Traveling and Tourism