Spanish hotel groups Iberostar and Meliá have announced their withdrawal from the Cuban market, a move attributed to the tightening of US sanctions against the island. This decision comes amid growing economic and political pressures that are affecting business operations within Cuba.
In connection with this exit, Meliá is closing multiple hotel locations on the island. This development represents a further setback for Cuba’s tourism sector, which has been facing ongoing challenges in recent years due to various external factors.
