U.S. Investors Flood Caracas as American Airlines Resumes 1 Miami Route
Updated
Updated · The Washington Post · Jun 3
U.S. Investors Flood Caracas as American Airlines Resumes 1 Miami Route
1 articles · Updated · The Washington Post · Jun 3
Summary
Caracas is drawing a fresh wave of U.S. money and entrepreneurs, with Silicon Valley founders scouting deals and American Airlines restarting direct Miami service to the Venezuelan capital.
The renewed interest is showing up in visible pockets of the economy: luxury hotels are filling with foreign business visitors, and pickup-truck sales are rising in oil-producing regions.
That activity has not translated into a broad recovery for ordinary Venezuelans, for whom the promised boom still feels distant despite the new business traffic.
The split underscores how Venezuela’s reopening is so far benefiting select sectors and investors more than the wider population.