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Habaguanex: revenues up 10% over 2002.

State-owned Habaguanex S.A., which runs tourist facilities in Havana's historic center, reported $50 million in revenues from January to August 2003, a 10% increase compared to the first eight months of 2002.

Hotel occupancy during the period averaged 79.3%, up 5.5% from last year, after the opening of the Palacio O'Farrill, Beltran de Santa Cruz and Raquel luxury properties.

Most tourists visiting Old Havana and its 167 hotels, restaurants, shops and other commercial establishments come from France, Germany, the United States and Great Britain.

Habaguanex's 2004 plans include the opening of the 98-room Hotel Saratoga, as well as the construction of the hotels San Felipe and Santiago, both in Old Havana.
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Title Annotation:Habaguanex S.A.
Article Type:Brief Article
Geographic Code:5CUBA
Date:Dec 1, 2003
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