Welcome to Cuba Ventures
Cuba Ventures is a division of CUV Ventures Corp. (TSX: CUV). This division’s focus is to control significant assets related to the Caribbean Basin (including Cuba) while, at the same time, ensuring that those assets be neither domiciled nor directly associated with foreign or government entities physically located in the Republic of Cuba. By employing this methodology, the company is gradually building a potentially valuable future asset base while, in the interim, ensuring that this division is capitalizing on the growth and unique opportunities present in the Caribbean Basin, with an emphasis on the $4 billion dollar and rapidly growing Cuban travel and tourism industry, $3 billion factoring and FinTech sector, $3.6 billion remittance industry and corporate consulting. Cuba’s $86 Billion annual economy remains an interesting opportunity and, one that this division strives to penetrate at every opportunity.
The division is comprised of the wholly owned subsidiary Travelucion Media, a duly licensed online travel company and digital & print media powerhouse that specializes in travel marketing, electronic reservations and online booking solutions. Travelucion owns a vast portfolio of web assets consisting of 432 Cuba-centric websites in up to 5 languages which generate over 35 million page-views per year and direct traffic to the company's online booking and e-commerce sites and proprietary online booking system, customized for Cuba, offering bookings for hotels, private residences, car rentals, tours, and a variety of other types of specialized travel services as well. Travelucion technology is also deployed on Caribbean Basin travel websites for: Cayman Islands, Dominican republic, Aruba, Bahamas, BVI, Belize, Antigua, Jamaica, etc. Over the years, Travelucion has serviced hundreds of thousands of customers booking travel to Cuba and other popular Caribbean Basin destinations, creating an outstanding revenue stream for CUV Ventures Corp. Travelucion’s proprietary website portfolio covers all facets of Cuba, including over 80 travel destinations, hotels & resorts, bed & breakfasts, tours, car rentals, restaurants, as well as Cuban culture, music, celebrities, sports, health care and more. The company sees these non Cuba domiciled media assets as being extremely desirable when all prominent world markets begin to fully embrace Cuba.
Travelucion's revenues have been rapidly growing since restrictions on qualified American travel to Cuba have been reduced. The full opening of U.S travel to Cuba promises to be a multi-billion dollar travel market to the Caribbean Island and, CUV Ventures is building and augmenting its non Cuba domiciled assets in preparation for this advent.
In 2017, the company acquired equity in Florida USA licensed Cuba specialist Travel Company named International Business & Travel Opportunities LLC (IBTO). IBTO has since opened an office in Miami using the trade name: Travelucion Miami.
In 2018 CUV Ventures enlarged the huge potential of its Cuba Division and online media presence through the minority acquisition of USA based publication Cuba Trade Magazine. The company's media division now controls both Digital Media and Print Media assets in the key North American markets.
The company's FinTech division is currently developing the www.CubaFINTech.com lending and factoring platform to tap into the +$3 billion bridge finance market, additionally, the blockchain powered Revolupay® Apple and Android app for the $3.6 Billion remittance & payment app market. Finally, allied to Revolupay®, the company is developing the ₡CU Coin Cryptotoken as a preferred payment denomination for the Caribbean tourism industry and beyond.
The business consulting arm of Cuba Ventures, with a combined 80 years experience in Cuba, specializes in assisting foreign entities endeavoring to enter the Cuban market successfully. One such consulting arrangement with Tyrval, a wholesaler to the world hospitality industry, has garnered approximately $10 million in potential future orders. The Cuba Ventures Consulting division of CUV Ventures Corp continues to strive to add more international companies to its roster of entities desirous of selling goods and services to Cuba.