Meliá and Iberostar quit Cuba: Trump's ultimatum leaves Spanish hotel groups under pressure
AI Summary
Spanish hotel chains Meliá and Iberostar are withdrawing from Cuba following intensified US sanctions targeting the Cuban military-run tourism group Gaesa. These decisions come amid increasing pressure from the Trump administration, which has sought to tighten restrictions on businesses dealing with the Cuban government. This move underscores the broader implications for international businesses navigating US sanctions and highlights the geopolitical tensions affecting global tourism and foreign investment in Cuba.
Original Source
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