When President Obama relaxed some of the travel restrictions to Cuba it opened up the possibility for a lot more travel. Now if President Trump decides to reverse the move it could end up costing $712 million.
The airlines that have been serving Cuba will lose an estimated $512 million, while cruise ships will lose $200 million. It’s also estimated that changing the policy could lose South Florida’s economy an additional $212.8 million.
Meanwhile, other companies have been planning for expansion in the area. Expedia is one company that recently introduced the options for travelers to start booking destinations in Cuba through the site.
When this option was first announced Expedia’s Carribean manager Veronica Vega explained their intentions.
“I see a lot of potential. We are talking about the largest country in the Caribbean with significant hotel expansion plans. We are very excited about being able to facilitate travel and give people the independence to select their itinerary.”