(Bogota/Havana, consolidated news) President Trump's decision to cut off fuel supplies to Cuba is beginning to have a significant impact on Cuba's crucial tourism industry. At least two major beach resorts may close this week.
The Cayo Coco island on the northern coast is a key resort island developed by the Cuban government. It is also one of the important pillars of the tourism industry and foreign exchange earnings.
An employee disclosed on Friday (February 6th) that at least two large beach resorts on the island are set to close by the end of this weekend, and the suspension of the hotels is attributed to Trump's sanctions. Many people have thus lost their jobs.
The Cuban government confirmed on Friday evening that in response to the threat of the United States cutting off fuel supplies, the authorities have launched an integration plan in the tourism sector. Through optimizing facilities and operations, they aim to maximize foreign exchange earnings during the peak tourist season.
Tourism in Cuba is a major pillar of the national economy and a significant source of foreign exchange. It has long been given priority protection by the government. However, current economic challenges such as continuous power outages, shortages of food and essential supplies have severely impacted it.
Last year, the number of inbound tourists to Cuba decreased by 18% compared to 2024, reaching the lowest level in at least 20 years. The number of foreign tourists decreased by 62% compared to the historical high of 4.7 million set in 2018.
Earlier this week, Canada adjusted its travel advice for Cuba to "high caution" due to the local energy crisis and shortages of basic necessities.
Vice Premier and Minister of Foreign Trade and Foreign Investment of Cuba, Perez-Oliva, announced that the government will impose a quota on fuel supply, prioritizing the provision of basic public services such as healthcare, as well as the operation of national defense and social security.
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