Answer first
The tourism-recovery thesis is the kicker in Cuba real estate, but 2025 data argues for disciplined patience rather than aggressive yield assumptions.
This brief is designed for foreign buyers who need a realistic Cuba property filter before they compare locations, asset types, partners, or deal structures.
Best-fit buyer profile
Hospitality assetsBeach marketsTurnaround buyersOperator strategy
Market notes
- ONEI-linked data reported 1.81 million international visitors in 2025.
- Hotel occupancy reportedly fell to 18.9% in 2025.
- A rebound would improve hospitality assets, but timing depends on flights, energy, service quality, and policy.
Due-diligence checklist
- Use multiple occupancy scenarios, including delayed recovery.
- Check airline access, power reliability, staff availability, and online distribution.
- Avoid underwriting with pre-2019 assumptions unless supported by current evidence.