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Tourism Prices in Cuba Drop for First Time in Years

Tourism Prices in Cuba Drop for First Time in Years

NEW ROCHELLE, N.Y.—Since the détente between the U.S. and Cuba began on December 17, 2014, most travel related costs soared between 100-400 percent due to a massive spike in U.S. and Canadian travelers. Mandated pricing increases from state agencies and ...

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Trump Reportedly Eyed Cuban Hotels

President-elect Donald Trump was considering buying hotels in Cuba as recently as six months ago, according to the executive chairman of Grupo Iberostar. This is surprising, as it runs counter to Trump’s intentions to reverse President Obama’s moves to reopen ...

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Trump Intends to Reverse U.S.-Cuba Relations

Since December 2014, the United States and Cuba have been working to normalize relations, opening up a new wave tourism opportunities for the hotel industry. Yesterday, Republican presidential candidate Donald Trump tweeted that he intends to reverse the Obama administration’s ...

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How Cuba and Zika Are Impacting Caribbean Performance

How Cuba and Zika Are Impacting Caribbean Performance

ATLANTA—CBRE Hotels Americas Research announced that the average Caribbean hotel experienced a 10.2 percent increase in gross operating profit (GOP) during 2015, according to its newly released tenth edition of Caribbean Trends in the Hotel Industry. This is the fourth ...

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Department of Transportation Approves Flights to Havana

The travel industry continues to make strides toward a less restrictive relationship with Cuba. The U.S. Department of Transportation has awarded 10 U.S. airports at least one weekly non-stop flight to the Cuban capitol of Havana. In total, 14 different ...

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