SAN LUIS POTOSÍ, Mexico.- The Cuban regime doubled its investment in hotels and restaurants during the period between January and June 2024, according to the data data provided by the National Office of Statistics and Information (ONEI).
Published on Tuesday, the most recent edition of the investment indicators indicates that the Cuban government continues to invest in the hotel industry even though it is far from meeting its forecasts for the sector.
In 2023, investments were made in hotels and restaurants 2.325 million pesos between January and June, and during the same period, that figure rose to 4,931 in 2024, which implies an increase of 112%.
In the area of business services, real estate and rental activities, which includes the construction of hotels, 11.389 billion pesos were allocated, 26.4% of the total budget.
Hotels and restaurants (11.4%) and the previous sector (26.4%), followed by the manufacturing industry (19.5%), account for more than 50% of total investments.
With significant reductions appears the Educationwhich decreased by more than 20% and only 1% of the investment was allocated to it.
Meanwhile, in Public health and social assistance Only 769 million pesos were invested, 1.8% of the total and 23% less than what was invested in the first half of 2023.
The amount allocated to the supply of electricity, gas and water, to transport, storage and communications, and to agriculture, livestock, hunting and forestry also decreased.
More investment in tourism, despite the crisis in the sector
Cuba received a total of 1,463,097 between January and July travelers international, a figure lower than that of the same period of the previous year, however, they continue to provide more and more resources to that area.
The number represents a 1.8% decrease compared to the arrivals recorded from January to July in 2023, according to data provided this Tuesday by the National Office of Statistics and Information (ONEI).
With a drop in tourist arrivals from Canada and Europe, Cuban tourism shows no signs of recovery.
This reality continues to push Cuba further away from the regime’s forecasts, which set a goal of 3.2 million international visitors for this year.
