Cuba Travel

DTC News.- Importance of Gran Caribe in Cuban Tourism Highlighted

Posted March 12, 2003 by publisher in Cuba Travel.

Havana.- The hotel chain Gran Caribe, one of the most important firms in Cuba’s leisure industry, contributed 28 percent of revenues from the largest Antillean Island’s tourist sector in 2002.

Gran Caribe, which runs four- and five-star hotels, bought 68 percent of inputs in the domestic market.

The company founded the Gran Caribe Travel Agency, which had revenues of 500,000 dollars in electronic commerce alone in 2002. Gran Caribe owns 4,500 rooms in the beach resort of Varadero, where the group earned 59 percent of its revenues last year.

In 2003, Gran Caribe’s revenues in Varadero are expected to reach 100 million dollars, which account for nearly 50 percent of the company’s revenues for this year.

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