VAYK – A pilot short-term vacation rental business launched in Cuba
Published on : Saturday, May 7, 2022
In 2018, Vaycaychella, Inc. (OTC Pink: VAYK) (“VAYK”) introduced a pilot short-term vacation rental business in Cuba, Havana. VAYK helped in the revamping of ten Art Deco style beach properties built in the 1930s and 1940s, functioning at present as vacation destinations. It’s available through Airbnb and VRBO. The company has added a small boutique hotel in Havana since that time.
For the company’s design, the Cuba pilot acted as a model along with an award-winning Peer-2-Peer Alternative Finance Application to get financing to buy income producing vacation properties.
VAYK is a technology company democratizing access to the short-term vacation rental property market elevated by the rise of short-term rental APP’s like Airbnb and VRBO.
At present, Cuba is organizing a tourism conference. This conference is a part of a new post Covid campaign that was introduced to expand the economy of Cuba. VAYK is taking part in it.
“Tourism is the second-largest contributor to Cuba’s GDP, providing 10 percent of the island’s gross domestic product in 2019, and it is also the second-largest source of foreign currency.” (LPL)
“The Cuban government expects to welcome 2.5 million international visitors this year, a goal that would bring in some $1.159 billion.” (LPL)
VAYK is significantly preparing to build up its short-term vacation rental property presence in Cuba with the introduction of a new strategy related to cryptocurrency.