{"id":813,"date":"2026-06-02T19:12:04","date_gmt":"2026-06-02T19:12:04","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=813"},"modified":"2026-06-02T19:12:04","modified_gmt":"2026-06-02T19:12:04","slug":"cuba-defends-military-run-gaesa-as-us-sanctions-prompt-hotel-exodus","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=813","title":{"rendered":"Cuba defends military-run GAESA\u00a0as US sanctions prompt hotel exodus"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><\/ul><\/div><div><\/div><\/div><div>HAVANA, June 2 (Reuters) &#8211; Cuba on Tuesday defended a \u200bmilitary-run conglomerate long the target of U.S. sanctions, saying the group of businesses known as GAESA has \u200ccontributed to the nation&#8217;s economic and social development despite a recently ramped-up U.S. pressure campaign.<\/div><div>The administration of U.S. President Donald Trump accuses GAESA of secretly hoarding profits from the country&#8217;s most valuable industries and using them for the benefit of the military and the Cuban elite.<\/div><div>Those accusations \u200bcome amid a broader effort by the Trump administration to use an oil blockade and tightened sanctions to \u200bstrangle the island of resources and force a change in its government.<\/div><div>Cuba on Tuesday denied corruption \u2060claims in a statement on GAESA, accusing the U.S. government of seeking to confuse &#8220;our people and international public opinion.&#8221;<\/div><div>&#8220;(GAESA) \u200bis not an opaque structure, nor parallel to the Cuban State; on the contrary, it has been a carefully crafted response \u200bof proven efficiency against the economic blockade that has historically tried to suffocate the Cuban Revolution.&#8221;<\/div><div>Cuba&#8217;s leadership rarely talks publicly about GAESA, saying such secrecy is necessary to circumvent U.S. sanctions.<\/div><div>There is no public information about how much of Cuba&#8217;s economy is controlled by GAESA.<\/div><div>Outside estimates \u200brange from 40% to 70%, including many of the island&#8217;s five-star hotels along white-sand beaches and in prime locations in \u200bHavana.<\/div><h2>HOTEL EXODUS<\/h2><div>Several hotel companies that operate on the Caribbean&#8217;s largest island have discreetly distanced themselves from GAESA amid U.S. sanctions and threats.<\/div><div>Reuters \u200cviewed brief \u2060statements provided to tour operators serving Cuba by top hoteliers Blue Diamond Resorts of Canada and Iberostar of Spain, severing ties with GAESA-linked and sanctioned hotels.<\/div><div>The top hotel chains&#8217; decisions follow a Trump executive order on May 1 that vastly broadened U.S. sanctions on commerce with Cuba to include &#8220;any foreign person&#8221; operating in any sector of the Cuban economy.<\/div><div>A grace period intended \u200bto allow companies to make \u200bdecisions about their Cuba \u2060operations ends on Friday.<\/div><div>Blue Diamond will pull out of Cuba altogether, leaving 15 hotels under various chains, while Iberostar will continue to manage some hotels not tied to GAESA.<\/div><div>The decisions do \u200bnot necessarily mean the hotels will close, but rather, management will transfer to GAESA-linked \u200btourism firm Gaviota, \u2060according to two industry sources. Prices and packages for the hotels once managed by Iberostar, for example, would remain available through October.<\/div><div>Iberostar did not immediately respond to a request for comment. Blue Diamond&#8217;s website is inaccessible and a press contact could not \u2060be found.<\/div><div>The \u200bopen-ended U.S. executive order has prompted shipping companies CMA CGM and Hapag-Lloyd \u200bto suspend bookings to and from Cuba until further notice, jeopardizing as much as 60% of Cuba&#8217;s shipping traffic by volume.<\/div><div>Several airlines, including Russia&#8217;s Rossiya \u200band Air Canada, have suspended service to Cuba amid a jet fuel shortage and plummeting tourism.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Dave Sherwood\" class=\"wp-image-812\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/6d59825a509bf9b6d464f91fa2b92e56.avif\"\/><\/figure>\n<\/noscript><\/div><div>Dave Sherwood<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=810\">Microsoft teases new era of AI-driven devices at software developer conference<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=807\">Marvell shares touch record high after Nvidia\u2019s Huang calls it \u2018next trillion-dollar company\u2019<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=805\">How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Cuba on Tuesday defended a \u200bmilitary-run conglomerate long the target of U.S. sanctions, saying the group of businesses known as GAESA has \u200ccontributed to the nation&#8217;s economic and social development despite a recently ramped-up U.S. pressure campaign.<\/p>\n","protected":false},"author":1,"featured_media":811,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[94],"class_list":["post-813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-americas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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