Orbitz Worldwide talks Cuba following U.S. Treasury Department amendments

Share On Facebook

Follow high-level change in diplomatic relations

© Image copyright r22b

Online travel company Orbitz Worldwide (NYSE:OWW) today welcomed the Department of the Treasury’s amendments to the Cuban Assets Control Regulations, which will facilitate travel to Cuba for authorized purposes and enable travel service providers to sell authorized travel without the need for specific licenses from the Office of Foreign Assets Control (OFAC).

“We commend these new regulations for allowing increased travel to Cuba and for enabling American companies to realize the economic, social and cultural benefits that will result from such policy changes,” said Barney Harford, CEO of Orbitz Worldwide. “Orbitz is already working with its supplier partners to see how we can market travel services to authorized travelers as quickly as possible.”

Orbitz launched an online petition in 2009 urging the Obama administration to liberalize travel access to Cuba. The “Open Cuba” petition quickly generated more than 100,000 signatures and, in a related Huffington Post piece that same year, Harford said, “The interaction between people from countries with differing perspectives can be a powerful force for positive change and understanding.”‚Äč

Orbitz Worldwide (NYSE:OWW) is a leading global online travel company using technology to transform the way consumers around the world plan and purchase travel. Orbitz Worldwide operates the consumer travel planning sites Orbitz, ebookers, HotelClub and CheapTickets. Also within the Orbitz Worldwide family, Orbitz Partner Network delivers private label travel technology solutions to a broad range of partners including some of the world`s largest airlines, bank loyalty programs and travel agencies, and Orbitz for Business delivers managed travel solutions for companies of all sizes.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191116 21:23:14