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A veritable "hotel race" has sprung up in Cuba for U.S. companies. Thawed relations mean new opportunities for the hospitality industry on the island…
Airbnb Inc. says it already has 4,000 listings for visiting guests to choose from. And just ahead of U.S. President Barack Obama's landmark visit to Cuba today — the first trip by a sitting U.S. president to the island since 1928 — Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) announced it would also set up shop in the country.
Watch the video as Money Morning Chief Investment Strategist Keith Fitz-Gerald explains what Cuba's economic imperialism will mean for the American businesses flocking there in an interview with FOX Business' "Varney & Co.":
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