Resort town and Caribbean tourism hub in Matanzas, Cuba
Foreign tourism in Cuba has plunged as U.S. sanctions tighten and fuel shortages persist. Major hotel operators have withdrawn or reduced operations, leaving the island’s tourism sector in a deep downturn. Local workers fear job losses as chains reconfigure or exit management roles, intensifying economic strain amid power outages and limited supplies.
Meliá has announced it is withdrawing from Cuba, effective Friday, citing significant operational, legal, economic and financial difficulties amid new US sanctions. The move follows sanctions targeting Cuba’s tourism ministry and GAESA, intensifying a pre-existing crisis in the island’s tourism sector.