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Cuba Business News

Posted January 16, 2004 by publisher in Business In Cuba

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After wrapping up the year on a roll with little more than 1.9 million foreign tourists for a solid 13 percent increase from 2002, Cuban industry authorities expect to crack the 2-million-visitor plateau by the end of 2004. The leisure industry got strong this year as the powerhouse of the Cuban economy with revenues in the neighborhood of $2 billion. According to official estimates, tourism will continue to get the biggest slice of Cuba’s GNP pie in coming years.

The island nation’s hotel infrastructure counts on over 41,000 rooms.
On the other hand, Havana’s National Hotel, one of the capital’s fanciest lodgings, closed 2003 with $20.3 million worth of revenues, $800,000 more than the anticipated $19.5 million forecast.

The hotel’s sales manager Eric Splinter told Caribbean News Digital those numbers allowed the National grabbed $10 million in earnings and a 76 percent average occupancy rate. “That explains why we’re so pleased with this year’s results,” he said.

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