AGP Executive Report
Last update: 6 hours agoHotel exodus hits Cuba again: ATG says it’s ending management and marketing for its Selectum Family Resort Varadero deal, effective June 4, adding to the wave of withdrawals after U.S. pressure. Air travel disruption: Air Canada suspends Cuba service indefinitely, and Sunwing/WestJet also halt Cuba trips indefinitely, leaving Canadians scrambling. Payment rails cut: Cuba’s central bank says Visa and Mastercard will no longer be accepted, while the informal currency market posts fresh highs for the dollar, euro, and MLC. Sanctions tighten on leadership: The U.S. sanctions Díaz-Canel, his wife, and other relatives, with Havana condemning the move as part of a broader coercion campaign. Tourism policy shift: Cuba says it’s open to Cuban investors managing hotels as foreign chains scale back. Humanitarian angle: Archbishop Dionisio García visits West Palm Beach to collect aid for families amid shortages. Travel warning: Germany strongly discourages travel to Cuba, citing the energy and healthcare collapse.
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