Cuba's tourist arrivals dropped 55.8% in early 2026, hotel occupancy hit 21.5%, and international chains are pulling out en masse. The technology story nobody's telling is what happens when an entire country's hospitality infrastructure loses its payment systems, its booking channels, and its skilled workforce simultaneously.
Meliá's pullback from nearly half its Cuban portfolio isn't really about Cuba. It's about what happens when geopolitics, energy collapse, and sanctions converge on properties where occupancy already cratered to 34%... and what that playbook looks like when it shows up closer to home.
Asset World Corporation wants to list a $1 billion hospitality REIT in Singapore, where hotel trusts account for just 5.8% of the index. The implied valuation against AWC's $6 billion asset base tells you exactly what they think their Thai portfolio is worth to international capital.
