Travelucion’s revenue has increased 318 percent for October due to America's shift in its Cuban foreign policy.
MPH Ventures Corp., which owns Travelucion, has seen its revenue increase on its CAD in the last year: in 2014, its CAD revenue was $43,755 compared to $183,062 in 2015.
The revenue continues to increase since Canadian, American and European tourists have a newfound interest in Cuba with America's new foreign policy.
Travelucion, a Web-based travel company that offers booking services to Cuba, is looking to expand travel by increasing the sales of Cuban Travel Supplier (CTS), a company in which Travelucion owns equity. CTS recently hired new employees and moved to a larger building.
As an online travel company, it also offers marketing and reservation services in addition to owning a large majority of the companies that promote trips to Cuba. Travelucion has been offering trips to Cuba since 1995.
The goal of the company moving forward is to cater to approved American travelers by offering high-end accommodations for its U.S. counterparts.
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