Tourism is the sector with the most committed capital when we talk about foreign investment in Cuba. Hotel management contracts, the achievement of mixed companies, especially for real estate development, and extrahotel growth are the three modalities in which it has managed to attract more capital.
This sphere continues to be the one that provides most dynamism to the Cuban economy and it has become the best example to show what the presence of foreign investment in the country can achieve.
According to the President of Cuba, Miguel Díaz-Canel Bermúdez, on the subject, “this boost has been achieved without jeopardizing the sovereignty of the country, as some thought, but on the contrary it has been defended and preserved, at the same time that knowledge, markets and capital have been acquired, and an image of prestige in the world has been created”.
Following this principle and as part of the ambitious Development Program that the Ministry of Tourism of Cuba (Mintur) has for 2030, currently, and as explained by the engineer José R. Daniel Alonso, its Director General of Development, it is promoting its own and foreign investment in terms of new housing capacity.
“We are doing this in important poles such as Varadero, where there is own investment of the Real Estate Company Almest and also of the real estate of Mintur, Inmotur. We can mention the hotel Oasis and the recently opened International Varadero.
“In the centre of the country there are two joint ventures, and another two on the Ancon peninsula in Trinidad, Sancti Spíritus: the Meliá Ancón hotel and the Iberostar Ancón hotel. The latter belongs to the joint venture Iberostar Trinidad, which will also make an investment to revitalize and expand the hotel of the same name,” said Daniel Alonso.
Other own investments are also made for new hotels in the peninsula of Ramon and Guardalavaca in Holguin. And Cayo Cruz, in Camagüey, begins to develop as a tourist center.
“Today we are re-evaluating our strategies because the product of city, heritage and culture is more and more demanded, and that we have to balance it with that other product for which we are recognized in the world, which is Sun and Beach,” said Daniel Alonso.
(Taken from Granma in Spanish)