BUSINESS OPPORTUNITIES FOR FOREIGN INVESTMENT IN CUBA

Transcription

1 BUSINESS OPPORTUNITIES FOR FOREIGN INVESTMENT IN CUBA

2 TOURISM IN CUBA TODAY The Tourism Industry is one of the most important sectors of the Cuban economy and the one that sees the highest volume of foreign investment in the country.

3 TOURISM IN CUBA TODAY Hotel Infrastructure. Evolution The Hotel Infrastructure Annual Growth Rate is 10% At this time, Cuba is finishing 2500 rooms per year This figure will increase as of next year.

4 TOURISM IN CUBA TODAY Potential, existing rooms as at 2016 and projection for 2030 Pinar del Río 62.1/0.7 /2.1 Rooms Potential Existing Rooms Rooms in 2030 Artemisa 13.9/0.2 /1.6 Isla de la Juventud 8.3/1.4 /2.5 La Habana 43.4/11.9 /29.9 Matanzas 48.5/20.6 /29.4 Mayabeque 8.8/0.5 /1.5 Villa Clara 18.2/10.5 /14.7 Sancti Spíritus 10/1.5 /6.9 Cienfuegos 25.7/0.9 /3.6 TOTAL CUBA 421.8/66.5 /176.2 Ciego de Ávila 24.4/8 /21.6 Camagüey 47.8/1.8 /32.9 Las Tunas 12.2/0.3 /4.6 Holguín 12/12 /12 Guantánamo 12/12 /12 Granma 11.3/0.8 /0.8 Santiago de Cuba 12/12 /12

5 TOURISM IN CUBA TODAY Developments projected through 2030: 224 accommodation facilities and 32 expansions. 23 nautical stations and marinas 24 golf courses (associated with hotels and real estate developments) 2 real estate projects (1 of them associated with a marina) 47 facilities for entertainment and adventure 17 new camping sites

6 Hotel developments currently in process: Hotel International in Varadero Packard Hotel Prado y Malecón Hotel 934 rooms 321 rooms 250 rooms To be managed by important international hotel companies.

7 TOURISM IN CUBA TODAY Priorities: Product quality New and better services. New technologies Diving and nautical activities. Cultural tourism. Events and incentives Health tourism Guided Tours Nature Tourism Real estate developments associated with tourism.

8 ADDED VALUES FOR INVESTMENTS IN TOURISM IN CUBA Hospitable and educated people. One of the safest countries in the world. Cultural and historical legacy World Heritage Sites (UNESCO) National Parks National Monuments

9 Port and Airport Infrastructure 10 International Airports, 7 International Marinas and 4 Cruise Terminals: La Habana Varadero International Airport International Marina Villa Clara Cayo Coco/Ciego de Ávila Cruise Terminal Cienfuegos Holguín Connected to: Cayo Largo Camagüey 70 Cities around the world through 68 International Airlines Granma Santiago de Cuba

10 TOURISM IN CUBA TODAY Foreign Investment By the end of 2017: 1 Administration Service Agreement (+) a joint venture in China, Shanghai Suncuba, owns: Grand Kempinski Hotel Shanghai, with 686 rooms 27 Joint Ventures contracts for new hotels and real estate developments associated with tourism 4 Joint Ventures with Real Estate companies for developments associated with tourism

11 TOURISM IN CUBA TODAY Foreign Investment Also: : 87 Management contracts with 19 International Companies of 9 countries These contracts cover a total of : Rooms, representing of 4 and 5 stars 95.9% hotels

12 Cuba Tourism Sector seeks to expand partnerships with potential investors associated with companies of international prestige, with the necessary financial capacity and international experience in tourism.

13 FOREIGN INVESTMENT MODALITIES Joint Ventures for the construction and /or commercialization of high standards hotels and villas. Hotel Management contracts (with or without financing) Joint ventures for real estate developments associated with tourism. Managment contracts for services in Marinas and others projects.

14 BUSINESS OPPORTUNITIES: There are 132 investment opportunities open at this moment: Joint Ventures for the construction of Hotels Managment contracts for new and existing Hotels Managment contracts for Marinas and Theme Parks

15 PRIORITIZED AREAS La Habana Camagüey Santa Lucía New Hotel developments Facilities available for Administration Cienfuegos Las Tunas Covarrubias Holguín Guardalavaca Real Estate projects (under Negotiation)

16 STEPS TO FOLLOW Approval Identify projects of interest Contact the Cuban counterpart 2 Exchange of information 3 Negociation 4 5 1

17 THANK YOU