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Trump's Cuba Crackdown Brings Surprising Windfall to Cruise Lines
By Christopher Palmeri
May 10, 2018, 12:08 PM CDT
In the months after Donald Trump was elected, cruise lines fretted that the new president would kill their nascent business to Cuba.
Barack Obama had eased travel restrictions to the communist country, and Trump was now vowing to reverse the move -- something that would jeopardize a promising growth opportunity for the industry.
But then a funny thing happened: When the administration went ahead and imposed new rules on Cuba tourism in November, it did so in a way that actually helped cruise lines.
The changes limited trips to groups approved by the U.S. Treasury Department -- a designation that the cruise lines had already received. And the rules banned business at a number of Cuban hotels and restaurants with links to the government. That created an ideal situation for cruise ships, which provide food and lodging on board.
More:
https://www.bloomberg.com/news/articles/2018-05-10/trump-cuba-crackdown-brings-surprising-windfall-to-cruise-lines