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Cuba holidays rise in popularity despite global economic gloom

  • 16-Nov-10 16:42
  • Cuba
  • Holiday Industry

Defying global economic gloom, Cuba holidays are on the up, registering a considerable increase in the number of visitors travelling to the island during the first 9 months of 2010 and bringing increased levels of tourism revenue up by 3.5%.

Cuba holidays rise in popularity despite global economic gloom

According to official reports released by the island, Cuba holidays and the country's whole tourism industry inched up in the first 9 months of 2010 with a 3.25 % rise registered in income levels when compared against the same period in 2009 and the number of visitors climbing sharply despite the current gloom in the global economy.

Revenue through September was $1.3 billion, up 3.5 percent from the $1.26 billion reported over the same period last year. The number of tourists also increased during the period, up about 50,000 to 1.89 million through September.

Canada remains the country that sends most tourists to the island — with 733,000 in the first nine months of 2010 — followed by Great Britain, Italy, Spain and Germany. U.S. tourists are effectively barred from coming to Cuba, and Washington has maintained a 48-year trade embargo on the island.

Tourism and nickel production are Cuba's main sources of income sources for Cuba. The Cuba holidays industry alone reported revenues equivalent to $2.1 billion after the visit of 2.43 million people in 2009, reflecting an increase of 3.5 percent compared to the number of visitors in 2008, ONE notes.

The country is in the midst of a deep economic downturn with the island and its citizens badly suffering the consequences. To address this unsustainable problem, communist leaders are in the process of revamping the economy, injecting a measure of free market capitalism into the state-dominated system.

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