VAYK Cuba Tourism Pilots at the right time in the right place as Cuba targets $1.5 billion in tourism revenue this year alone
Dallas, Texas, May 05, 2022 (GLOBE NEWSWIRE) — Vaycaychella, Inc. (OTC Pink: VAYK) (“VAYK”) has launched a pilot short-term vacation rental business in Cuba just outside of Havana in 2018. VAYK supported the renovation of ten Art Deco-style beach properties originally built in the 1930s and 1940s, now operated as vacation destinations available through Airbnb and VRBO. Since then, the company has added a small boutique hotel in Havana.
The Cuban pilot served as a model for the company’s design and launch of an award-winning Peer-2-Peer Alternative Finance (APP) application to seek financing for the purchase of income-generating vacation properties.
VAYK is a technology company democratizing access to the short-term vacation rental market, elevated by the rise of short-term rental APPs like Airbnb and VRBO.
Cuba is currently hosting a tourism conference as part of a new post-Covid campaign to build Cuba’s economy. VAYK participates.
“Tourism is the second largest contributor to Cuba’s GDP, providing 10% of the island’s gross domestic product in 2019, and it is also the second largest source of foreign currency.” (LPL)
“The Cuban government plans to welcome 2.5 million international visitors this year, a goal that would bring in some $1.159 billion.” (LPL)
VAYK is gearing up to significantly expand its presence in short-term vacation rentals in Cuba with the introduction of a new cryptocurrency strategy.
In addition to the existing functionality democratizing access to finance for the purchase of short-term rental vacation properties, the upcoming version of VAYK’s soon-to-be-launched Peer-2-Peer Alternative Finance app will introduce a split investment where multiple investors can support a single short-term vacation rental project.
The next release is a first step towards adding the ability to invest in short-term vacation rental projects through the purchase of cryptocurrency.
VAYK recently purchased a cryptocurrency exchange and work is underway to quickly launch the exchange.
VAYK is hosting an event in Cuba later this month to weave their way through the first cryptocurrency offering. Participation will be limited but it is not yet closed. The company is still in contact with people who have expressed interest.
The objective of the event is to raise funds through the issuance of an initial cryptocurrency to finance additional properties in the same vicinity as the existing short-term vacation rental properties in the VAYK pilot project .
The initial cryptocurrency will also be the first cryptocurrency listed on the recently purchased cryptocurrency exchange VAYK.
Specifically, the cryptocurrency will not be an asset controlled or offered by VAYK. VAYK supported V-Royal with a loan to acquire the existing pilot properties in Cuba. V-Royal will facilitate the supply of cryptocurrency to finance additional properties. The cryptocurrency will be listed on VAYK’s cryptocurrency exchange.
To learn more and follow the latest Vaycaychella updates, and to access the Vaycaychella app, visit https://www.vaycaychella.com/.
Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.
William “Bill” Justice