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RevoluGROUP Canada Inc V.REVO

RevoluGROUP Canada Inc. is a Canada-based multi-asset, multidivisional payment services directive 2 (PSD2) central bank licensed company. The Company is deploying advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resort, blockchain systems, and fintech app sectors. Its segments include Travelucion S.L., RevoluPAY S.L., RP Payments S.L. and RevoluSEND. Travelucion S.L. is a licensed tour operator facilitator of RevoluVIP travel to +130 countries. RevoluPAY S.L. is a European Union (EU) PSD2 Licensed Neobank, a remittance and payment app designed as a payment platform. Its RP Payments S.L. segment is engaged in management of revenue verticals, central bank approved crypto exchange and storage. Its RevoluSEND segment offers family remittances and money transfers up to 3000 Euros (or foreign currency equivalent) to 117 countries.


TSXV:REVO - Post by User

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Post by Whiskeytimeon Jan 03, 2017 2:35pm
79 Views
Post# 25662733

Cuban Tourism Sees Massive Growth For 2016; American Tourist

Cuban Tourism Sees Massive Growth For 2016; American Tourist

Cuban Tourism Sees Massive Growth For 2016; American Tourists Demanding More Hotels

Travelers Today       By    JC Santos

Updated: Jan 03, 2017 03:37 AM EST

Text Size: A A A

 

Tags
cuban tourismtourism cubacuba tourismairbnb
Homes
Cuban tourism has grown immensely since US President Barack Obama lifted American restrictions to travel to Cuba. However, it must do more to improve its accommodation quality and numbers to handle its growing number of visitors.
(Photo: Chip Somodevilla / Getty Images)

Cuban tourism goes beyond its goals for 2016 as about four million tourists from different nations have visited the country. According to Cuban Tourism Officials, the influx of foreign tourists by the millions has broken previous tourism records in the countries. The Ministry of Tourism said this record-breaking number has increased tourism by 13 percent compared to 2015.

According to WTOC, Cuba owes its tourism growth to the warming ties of US-Cuban relations -- partially. The Ministry of Tourism said Europe and North American tourists flocked into Cuban cities and retreats in high numbers. A ministry official said the increase in its number of tourists would mean better quality of service and efficiency, and consistent maintenance of vacation spots and historic sites Western travelers frequent.

According to PBS NewsHour Weekend Special Correspondent Amy Guttman, the country's hospitality industry sees higher demand for quality hotels from American tourists. Guttman said Cuba's accommodations have "a lot of catching up to do," mentioning several hotels that were "abandoned or frozen in time." She added that there exists 63,000 hotel rooms in the country -- each with poor service and maintenance quality.

PBS' Guttman said the Cuban government -- likely as part of its endeavor to improve its services and efficiency industry -- is to "double" the island's hotel capacity by 2020 but the government may also see competition from American-brand AirBnB that allows online bookings for transient homes and rooms of quality for less. Other competition includes France's Sofitel, Switzerland's Kempinski and the American chain of hotels the Starwood Group.

In 2014, US President Barack Obama had laid aside "Cold War" - era animosity between the two countries -- namely the travel restrictions prohibiting American travelers from journeying freely into Cuba. As the restrictions lifted, the number of American tourists had overwhelmed the Cuban hospitality and tourism sector. Cuba's involvement in the "Cold War" was its adoption of Communism and alliance with the former Soviet Union -- becoming the centerpiece of the "Missile Crisis."


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