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Cuba Approves 176 Tourism Reforms, Allows Full Foreign Ownership

6/25/2026

Summary

Cuba Opens Tourism

Cuba's government announced 176 reforms to open tourism to private and foreign ownership.
The reforms permit 100% foreign ownership of new tourism projects and give investors direct supply-chain control.
They also allow private hotel and excursion ownership and unlock capital in Old Havana, Trinidad and Los Cayos.
Experts say the reforms' success will depend on easing U.S. sanctions after power outages forced Meliá International to cut Cuban operations.

Summary

Rubio Sanctions Cuba

U.S. Secretary of State Marco Rubio sanctioned five Cuban entities, including three tied to GAESA, which holds $14.5 billion in reserves.
The sanctions hit Almacenes Universales S.A., Cuba’s main logistics firm that runs the export-import system and Mariel port, and Rafin S.A. and Banco Financiero Internacional S.A.
Air Canada, Air Transat and Sunwing/Vacations suspended flights to Cuba indefinitely, citing the geopolitical situation.
Analysts warn the measures could spook investors, disrupt supply chains and cause humanitarian fallout.

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Cuba Opens Tourism

Cuba's government announced 176 reforms to open tourism to private and foreign ownership.
The reforms permit 100% foreign ownership of new tourism projects and give investors direct supply-chain control.
They also allow private hotel and excursion ownership and unlock capital in Old Havana, Trinidad and Los Cayos.
Experts say the reforms' success will depend on easing U.S. sanctions after power outages forced Meliá International to cut Cuban operations.

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