IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.03% USD/MXN18.58▼ 0.28% USD/CLP969.90▼ 0.69% USD/COP3,238▼ 0.08% USD/PEN3.42▼ 0.63% USD/ARS1,545▼ 0.03% USD/UYU 40.31 — 0.00% USD/PYG 6,358 — 0.00% USD/BOB 11.81 — 0.00% USD/DOP60.63▲ 0.07% USD/CRC 448.27 — 0.00% USD/GTQ 7.64 — 0.00% USD/HNL 26.88 — 0.00% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.83— 0.00% USD/TTD6.72— 0.00% EUR/BRL6.16▲ 0.44% BRENT 94.91 ▼ 3.47% WTI 88.36 ▼ 2.72% IRON ORE 161.91 — — COPPER 6.33 ▲ 1.79% GOLD 4,118 ▲ 1.06% SILVER 52.72 ▲ 1.76% SOY 1,195 ▲ 0.46% CORN 443.00 ▲ 0.34% WHEAT 588.50 ▼ 0.47% COFFEE 277.45 ▼ 0.91% SUGAR 18.26 ▲ 0.11% ORANGE JUICE 130.55 ▲ 1.63% COTTON 79.72 ▲ 0.77% COCOA 5,216 ▲ 1.18% BEEF 214.05 ▼ 0.16% CATTLE 322.33 ▼ 0.84% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.49 ▼ 0.25% USD/MXN 18.56 ▼ 0.35% USD/CLP 971.23 ▼ 0.55% USD/COP 3,238 ▼ 0.08% USD/PEN 3.44 ▼ 0.08% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.31 — 0.00% USD/PYG 6,358 — 0.00% USD/BOB 11.81 — 0.00% USD/DOP 60.63 ▲ 0.07% USD/CRC 448.27 — 0.00% USD/GTQ 7.64 — 0.00% USD/HNL 26.88 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.83 ▲ 2.67% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.14 ▲ 0.26% BRENT 94.91 ▼ 3.47% WTI 88.36 ▼ 2.72% IRON ORE 161.91 — — COPPER 6.33 ▲ 1.79% GOLD 4,118 ▲ 1.06% SILVER 52.72 ▲ 1.76% SOY 1,195 ▲ 0.46% CORN 443.00 ▲ 0.34% WHEAT 588.50 ▼ 0.47% COFFEE 277.45 ▼ 0.91% SUGAR 18.26 ▲ 0.11% ORANGE JUICE 130.55 ▲ 1.63% COTTON 79.72 ▲ 0.77% COCOA 5,216 ▲ 1.18% BEEF 214.05 ▼ 0.16% CATTLE 322.33 ▼ 0.84% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
since 2009
Monday, November 9, 2026

Cuba Tourism Opens to Private Firms as Talks Stay Frozen

By · · 4 min read
El Capitolio building in Havana, Cuba
Cuba Tourism Opens to Private Firms as Talks Stay Frozen Photo: "El Capitolio Havana Cuba" by Nigel Pacquette, via Wikimedia Commons, CC BY-SA 3.0.

CUBA · ECONOMY

Key Facts

  • —What changed Cuba now permits private travel agencies and lets foreign companies operate directly in its tourism market.
  • —Where it was published Gaceta Oficial numbers 73 and 74 of 2026, issued on 3 September.
  • —Transport Tourist transport, including car rental, is opened to fully foreign-owned firms and non-state operators.
  • —The tax side Eco-tourism and specialised projects get a 25 percent profit-tax rate and customs exemptions on imported equipment.
  • —The catch No measure hands management of state-owned hotels to private operators. That framing is not supported.
  • —The other half Foreign Minister Bruno Rodríguez said on 7 September there are no negotiations with Washington at present.

This story is part of our coverage of the Cuba US tensions. Who backs Havana, the blackouts, the embargo vote and what it means for travellers are in our dossier.

Free daily brief — no card needed
Get every Business & Economy story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

Latest: Cuba Forces Christian Pastor Out of Havana

Cuba tourism was opened to private and foreign operators on 3 September. Four days later the foreign ministry made clear what has not changed.

Cuba tourism has been opened to private and foreign operators. The measures appeared in the official gazette on 3 September 2026.

They were presented by Oscar Pérez-Oliva, vice prime minister and minister of foreign trade and foreign investment. Granma and Trabajadores carried the announcement the same day.

For the first time, non-state travel agencies are permitted. Foreign companies may operate directly in the Cuban tourism market rather than only through service contracts.

That is a structural change rather than an incentive. The state had held the gateway to the sector for decades.

What the Cuba Tourism Package Contains

Resolution 68 of the tourism ministry sets the new travel agency rules. It admits private agencies and direct foreign operation.

Resolution 69 replaces transport rules dating from 2004. Tourist transport, including car rental, is opened to fully foreign-owned companies, joint ventures, state entities and non-state operators.

Resolution 70 covers tour guides, widening what agencies may contract. Guides must still train through the state body Formatur.

Resolution 193 of the finance ministry adds the tax layer. Eco-tourism and specialised projects pay 25 percent on profits, with customs exemptions on imported equipment and relief on reinvested profits.

What Is Not in It

We found no measure handing management of state-owned hotels to private operators. Any summary saying so overstates the package.

Reports that it also opens private marinas and tourism real estate come from a single Cuban outlet. The official text was not retrievable to check them.

Decree-Law 128 covers the foreign investment side. The whole package sits inside 176 economic transformation measures announced in June.

The Same Week, a Different Message

On 7 September the foreign minister held a press conference in Havana. Bruno Rodríguez Parrilla addressed relations with the United States.

His words were precise. There have not been, nor are there at this moment, negotiations, agendas or roadmaps.

That is a statement about the present rather than a refusal of any future talks. The distinction has been blurred in some coverage.

He put embargo damage at 8.083 billion dollars for the period from March 2025 to February 2026, describing it as a record. El Comercio notes the figure excludes the oil blockade.

Why Both Things Are True at Once

Opening tourism to private capital is an internal fiscal decision. Cuba needs hard currency and its state operators have not delivered it.

Refusing to characterise contacts with Washington as negotiations is an external political one. Neither move requires the other.

Infobae’s reading is that Havana denied negotiations while acknowledging bilateral contacts are stalled. Those two positions are compatible.

What to Watch

The first marker is whether any foreign operator actually registers under the new rules. Permission and uptake are different things.

The second is the hotel question. If state hotel management does open later, it would be the larger reform.

The third is the arrivals data. Cuba’s tourism numbers have been weak for several years, and no regulation fixes that on its own.

Frequently Asked Questions

What did Cuba actually open?

Private travel agencies are permitted for the first time, foreign companies may operate directly in the tourism market, and tourist transport including car rental is opened to fully foreign-owned firms. The measures were published in the official gazette on 3 September 2026.

Does this include state-owned hotels?

No. We found no measure handing management of state-owned hotels to private operators. Reports that the package also covers private marinas and tourism real estate come from a single outlet and could not be checked against the official text.

What did the foreign minister say?

Bruno Rodríguez Parrilla said on 7 September that there have not been, nor are there at this moment, negotiations, agendas or roadmaps with the United States. He put embargo damage at 8.083 billion dollars from March 2025 to February 2026.

Sources: Granma, Trabajadores, OnCuba News, Ladevi, La Nacion, France 24, Infobae, El Comercio, Rio Times.

RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.