April 10, 2015

SHOCK & AWE:

Cuba expected to come off U.S. terror list: Corporate America cheers (Patrick Gillespie, 4/10/15, CNNMoney)

Companies moving in: Netflix (NFLX, Tech30), Airbnb, American Express (AXP) and Mastercard (MA) have already put a foot in Cuba's door -- a virtual foot though. None of those companies actually have an office or employees in Cuba.

Over 200 business leaders congregated last week at the Cuba Opportunity Summit in New York, co-hosted by Nasdaq and UPenn's Wharton School.

"Cuba presents probably the largest opportunity -- outside of China -- to grow our industry," Frank Del Rio, CEO of Norwegian Cruise Lines (NCLH), a Miami-based company, told CNBC last week.

Airlines and tourism companies stand to benefit from American travelers' pent up demand to see Cuba, which has been off limits for 50 years. Plus Cuba offers what most in the Caribbean don't: beautiful beaches and a big, historic city. JetBlue (JBLU) already charters flights to Cuba, but it wants to start commercial flights, a sentiment echoed by other airlines.

Posted by at April 10, 2015 12:15 PM
  

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