OFFPLAN NEWS

(09.08.2007 )
Property Cuba The state of Cuban tourism with statistics

In Cuba, tourism in the sunny and exotic sea property Cuba achieved a great development during the 90s. Despite the prevailing difficulties, this sector was the only one that exhibited the annual growth rate of nearly 20 per cent.

This development in the industry of tourism brought about evolution in many other areas. It’s condition as pillar of the island’s economy was shared with a boosting of foreign inversion and a reorientation towards foreign commerce.

Taking into account the local potentials and the manifest requirements of that period, Cuba decided to give top-priority to this sector. By then, Cuba had just entered a decade of harsh economic crisis provoked by the falling of the European Socialist block, including the Soviet Union, and by the intensification of the US blockade against the island.

In the middle of a growing shortage of supplies, tourism became Cuba’s salvation thanks to its rapid development. When talking about the benefits of tourism, we are obliged to acknowledge its dynamic contributions in hard currency, its role as a major source for employment and as the driving force behind the activities of another group of industries.

Considered as the oil of 21st century, tourism has become the salvation for many countries’ economies, including Cuba which has incorporated it in its strategy for the national recovery since last decade with successful results.

This audacious step has been rewarded by a steady increase of profits in the 90s. Today, tourism has become the mainstay of Cuban economy.

In early 1990, there were only 327,000 visitors per 12,000 rooms, whereas in 2005 some 2,319,000 tourists visited the island. This represented an increase of 13.2 per cent in visits and a raise of 10.7 per cent in incomes from tourism.

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