108,000 New Hotel Rooms In 14 Years..... That's 7,714 Rooms Per Year
/The government of the Republic of Cuba has reported a goal of constructing 108,000 hotel rooms throughout the country during the next fourteen (14) years.
There was no mention as to the number of rooms for each property.
There was no mention as to what categories (one star to five star) of properties would be created.
That's 7,714 new hotel rooms per year...
If each property has two hundred (200) rooms, that's 38 hotels per year...
If each property has three hundred (300) rooms, that's 26 hotels per year.....
The government of the Republic of Cuba has not indicated whether these properties would be owned by Republic of Cuba government-operated companies, managed by Republic of Cuba government-operated companies, managed as joint ventures with non-Republic of Cuba-based companies, or owned and managed by non-Republic of Cuba-based companies.
In May 2016, H.E. Manuel Marrero, Minister of Tourism of the Republic of Cuba, shared the following:
- Gross tourism revenue in 2015 was US$2.8 billion [of which approximately 16% was reported by Palma de Mallorca, Spain-based Melia Hotels International].
- 127 new investment projects are in progress of which 76 are foreign management hotel joint ventures signed with 17 international companies. Another 23 contracts are expected to soon be authorized.
- The Republic of Cuba approximately 66,000 hotel rooms [primarily of one-star to three-star categories based upon international standards].
- Currently, hotel rooms are being contructed at a rate of 2,400 per year; by 2019 the rate should exceed 5,000 per year.
- 33% of current and future tourism capacity will be managed by Republic of Cuba government-operated Gaviota, controlled by the Revolutionary Armed Forces of the Republic of Cuba. Gaviota expects to add 30 new hotels by 2018.
- The Republic of Cuba has 16,000 rooms operated as privately-owned residencies (Casa Particulars) and 1,700 privately-owned restaurants (Paladares).