Sinorama Holidays has closed its doors after 13 years in business, with a voluntary termination of its Ontario Travel Industry Act, 2002 registration.
TORONTO — Cuba is aiming for at least 103,000 new hotel rooms and eight new hotels by 2030.
The Cuba Tourist Board has laid out its plans for tourism infrastructure growth and development from 2018 to 2030.
The plan comes in response to what the Cuba Tourist Board says is consistently growing demand for the destination. More than a million Canadians visit Cuba every year. Overall Cuba received 4.7 million visitors in 2017, a 16.2% increase over 2016.
Cuba began intensifying its hotel development plans in 2017. With an annual hotel infrastructure growth rate of 10%, collaborative efforts between the government and international developers have led to the addition of over 2,500 hotels room each year.
This growth rate is expected to swell as the country sets projections for 103,000 new rooms and at least eight new hotels by 2030, says the tourism board.
The Hotel Varadero Internacional, the Prado y Malecón and the Packard Hotel in Havana are scheduled to open by 2019.
Cuba is also set to add 23 nautical stations and marinas, 24 golf courses, and 47 entertainment facilities over the next 12 years. Cuba is already home to 10 world heritage sites, 14 national parks, and hundreds of national monuments.
Securing foreign investment is crucial for the island’s development and Cuba tourism authorities have announced 87 management and development contracts with 19 international companies.
These agreements will channel most of the investment from abroad into hotel rooms and theme parks, says the tourism board, while domestic investment goes to high-priority regions and provinces like Havana, Cienfuegos, Camaguey, Las Tunas and Holguin.