Travel Markets Insider Newsletter Vol. 17 No. 41

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The news out of Cuba is happening so fast, TMI could not wait to report it.

With U.S. President Barack Obama in the middle of his historic three-day visit to Cuba, the first sitting U.S. president to visit Cuba in nearly 90 years, it seems to be accelerating the thaw between the two countries.
On March 15, the U.S. Treasury Department announced a further easing of restrictions brought on by the 54-year-old economic embargo against Cuba, making it easier for individual Americans to travel to the island, and loosened restrictions on business and banking transactions, even though Congress has yet to act on removing the embargo.
On March 19, the day before President Obama’s visit, Starwood hotels announced it had signed a milestone agreement to operate three hotels in Havana, the first American hotel company to enter the Cuba market for more than half a century.
Today, March 21, at 6 in the evening eastern time, Carnival Corporation executives held a media conference call to announce the history-making news that the company had been approved to sail its “social impact” Fathom cruise brand between the U.S. and Cuba. Its inaugural cruise is scheduled for May 1!
And all this happened just days after the 2016 Seatrade Cruise Global event took place in Fort Lauderdale, Florida. Yet again, Cuba was a main topic of discussion.
TMI reports. For a detailed itinerary of what to expect on Fathom’s inaugural cruises to Cuba, please click here.
Supply Side. Gruppo Campari to acquire SPML, owner of Grand Marnier.