Amid an avalanche of news and meetings, the 41st International Tourism Fair of Cuba (FITCuba 2023) presented its most significant document, the Portfolio of Business Opportunities for foreign investment.

That text attracts the attention of the 5,000 professionals of the travel sector, more than 570 businessmen and representatives of 51 airlines.

It is a message of possibilities to invest in Cuba in tourism and, in this way, facilitate the recovery of this economic segment of vital importance for the island and its confrontation with the difficulties.

Such document points out that tourism is one of the most outstanding sectors of the Cuban economy and with the highest volume of foreign investment in operation in the country.

This is favored by the destination’s attributes that complement investments in tourism, such as hospitality, culture, safety, cultural and historical legacy, the document stresses.

It also publishes significant data such as the existence in this archipelago of 10 World Heritage Sites, 14 National Parks, and 227 national monuments, all of which are attractive for foreign investment.

The text reflects important attractions for foreign investment such as a maritime-port and air infrastructure for tourist operations consisting of 10 international airports, seven marinas of equal rank, and four cruise terminals.

To that end, they take advantage of prioritized areas, such as the south-central coast of Cienfuegos, Santa Lucia beach, in the eastern province of Camagüey; and the Covarrubias and Guardalavaca poles, in Holguín.

However, it clarifies that projects located in the historic center of Havana, the northern and southern keys of the island, and in Trinidad, which are reserved for domestic firms, are excluded from possible foreign investments in the modality of joint ventures.

Among the priorities, according to the Ministry, are the improvement in quality of the offer, create new and better products, generalize the use of new information technologies, promote diving and nautical tourism, cultural tourism, events and incentives, health, circuits and nature (in addition to promoting real estate development).

There are 24 joint ventures for tourism on the island, international economic association contracts, 110 hotel administrations and commercializations, a one service administration, and one common fund.

Source: Prensa Latina ][/bg_collapse]