US Sanctions Unleash a Perfect Storm on Cuba's Tourism Industry The Spanish hotel chain Meliá has announced it will close its operations in Cuba, citing operational and financial difficulties stemming from US sanctions and an energy blockade.
This decision marks a significant blow to Cuba's economy, which has long relied on tourism to offset losses incurred due to the decline of Soviet aid in the 1990s.
Cuba invested heavily in infrastructure, including hotels, airports, and beaches, to attract foreign visitors. Meliá was once a major player in this sector, owning 34 five star hotels across Cuba.