United States (Mckoy’s News) – Trump’s Decision May Affect Hotel Expansion in the Caribbean: Marriot International says the decision by US President Donald Trump to reverse some of his predecessor’s Cuba policies could have major repercussion for purchase of properties in the Caribbean island.
The world’s largest hotel company says the full effect on the current and planned operations in Cuba may depend on related forthcomings of the US regulations.
Marriott International; the only American company with a hotel property in Cuba informed that under the rollback announced by President Trump last week, American citizens will be prohibited from stating in US-based hotels that operate in Cuba in partnership with the Cuban government.
Marriot President and CEO Arne Sorenson said it would be exceedingly disappointing to see the progress that has been made in the last two years halted and reversed by the administration.
She says the company invested significant resources establishing a presence in Cuba and with one hotel open and another in the pipeline, we have just begun the work creating opportunity and a more vibrant tourism sector on the island.
She further stated that we will continue to urge the Trump administration and Congress to recognize and utilize travel as a strategic tool in efforts to improve relations with Cuba, allowing her company to be part of a promising future, as opposed to reverting to the policies of the past.
Contributed by Dr Colin O Jarrett