Cuba Ventures Corp., Tyrval to Sell Cuban Hotel Rooms

Cuba Ventures Corp.’s CEO Steve Marshall has signed an exclusive agreement with Tyrval, a world supplier to the hotel and hospitality industry. Republican Senator for Kansas Jerry Moran introduces legislation to lift the Cuban embargo. The travel division of the company had a very strong month in February, usually Cuba’s low season, of $192,000.

The Company is pleased to announce that it has entered into an exclusive agreement for the Island of Cuba with Tyrval, the world eminent supplier to the Hotel & hospitality industry, currently represented in USA, Panama, Costa Rica, Sri Lanka, Aruba, Jamaica, Mexico, Dominican Republic, Brazil, Bahamas, St Martin, Mauritius, Nicaragua, Colombia, Cape Verde, France and Spain.

Tyrval is an exclusive supplier of LG Electronics, Hotel room equipment and decoration, industrial restaurant equipment, including dining room fittings and fixtures, indoor and outdoor furniture, lighting and other hotel related hardware.

Cuba’s hotel infrastructure is experiencing a major upgrade due to the advent of increased tourism, with over 4 million arrivals in 2016. Cuba Ventures' consulting division has identified a need for such synergies to assist its Cuban hotel partners with the upgrade of partial or complete hotels, common areas and guest accommodations.

Tyrval is the preeminent company for offering turnkey solutions and one-stop purchasing for partial or complete interior and exterior upgrades of Cuban hotels. The company anticipates providing Tyrval with a minimum one-million-dollar turnover by 2018 under a contracted minimum of a 5 percent commission structure.

Steve Marshall, the company’s CEO commented that “due to our positioning in the Cuba travel industry, we have our finger on the pulse for planned hotel upgrades across the island. Furthermore, the unprecedented decision taken by the Cuban government to allow Iberostar Hotels to freely import goods for their hotels in Cuba is a trend that is likely to spread across the whole hotel management sphere on the island. Previously, all imports to Cuba were administered by the Cuban government. The hotel equipment industry in Cuba is potentially a billion-dollar industry and, as tourism continues to increase, existing hotels need to be modernized and new hotels are built.”

Tyrval CEO Jordi Tomas Romero stated, “Tyrval has long considered an entrance into the Cuban hospitality market, having supplied extensively to hotel chains in the Caribbean region since 1993. The travel division of Cuba Ventures Corp, Travelucion, works alongside all hotels in Cuba on a day-to-day basis, therefore, key market intelligence is gleaned, allowing Cuba Ventures to gain a head-start when proposing our products to hotels looking to upgrade or, for complete hotel refurbishments or, as new hotels come on line. As our exclusive partner in Cuba, we consider Cuba Ventures Corp as the sole alternative.”

The company booked over CDN $192,000 in unaudited net sales for the month of February 2017. January's sales show the strength of the Company's robust travel services, even in the historically slow Cuban travel month of February.

Increased interest in Cuba, along with heightened media attention in the United States surrounding the Company’s Cuba-centric digital media platform, including 432 websites focused upon Cuba, is stimulating these increased revenues. Visitors to the Company’s websites from the United States now represent 36.8 percent of the approximately 37 million annual page views, up from 6 percent in 2014.