Overview
- Meliá announced Wednesday that its Ilha Bela unit will immediately stop managing and marketing 15 Cuban hotels after concluding the properties were no longer operable or legally secure.
- Blue Diamond confirmed on Monday that it has ceased all Cuban operations and had been managing 62 properties under ten brands without owning the real estate.
- Iberostar has detached from 12 Gaviota-linked hotels following pressure from new U.S. rules that target Gaesa, the military-run conglomerate that controls much of Cuba’s tourism assets.
- The Banco Central of Cuba said international card payments via Visa and Mastercard will stop on June 6 after a foreign bank ended ties with Fincimex, and the U.S. Treasury set a June 5 deadline for firms to cut links to Gaesa.
- Chronic fuel and electricity shortages have forced flight suspensions, widespread hotel closures and a 55.8% drop in international arrivals from January through April 2026, deepening Cuba’s loss of foreign exchange and hitting workers, suppliers and local communities.