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Spanish Hotel Chains Exit Cuba Amid US Sanctions

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Meliá Hotels International and Iberostar have ceased operations in Cuba, a significant move influenced by US sanctions targeting the military-controlled Gaesa conglomerate. Meliá announced the immediate halt of management at 15 hotels, while Iberostar stopped operations at 12 properties. This withdrawal marks a critical moment for Cuba’s tourism sector, already struggling with declining visitor numbers and economic challenges.

The sanctions, imposed by the Trump administration, require foreign companies to sever ties with Gaesa, which controls a large portion of the Cuban economy. Although Meliá’s hotels have been closed for months due to an energy crisis, the legal implications of continuing operations under these sanctions posed a greater risk. The decision reflects a broader trend of international companies reassessing their presence in Cuba amidst tightening regulations.

Tourism in Cuba has been in free fall, with a reported 55.8% drop in international arrivals in early 2026 compared to the previous year. The exit of these hotel chains, alongside the suspension of numerous flights, signals a potential long-term decline in the industry. This could have cascading effects on local economies that rely heavily on tourism for income and employment.

As the situation evolves, the impact on Cuba’s tourism infrastructure and the livelihoods of those dependent on it will be closely monitored. The departure of these major players raises questions about the future of tourism in Cuba and the potential for recovery in a sector already facing significant hurdles.

Source: Euronews

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News Category: Money Tags: cuba, economy, hotels, sanctions, tourism

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