VAYK To Offer Service Solution Capitalizing on $11.1 Billion Airbnb Revenue
25 February 2025 - 1:00AM
InvestorsHub NewsWire
Atlanta, GA --
February 24, 2025 -- InvestorsHub NewsWire -- Vaycaychella, Inc.
(OTC
Pink: VAYK) ("VAYK") management commends the recent report
by Airbnb (NASDAQ: ABNB) that its 2024 annual revenue reached $11.1
billion, a 12.1% increase from 2023. VAYK believes that the
better-than-expected growth of Airbnb is creating a favorable
environment for VAYK to launch its upgraded service solution in the
coming months.
"We have built our
company on the conviction that short-term rentals, whether operated
on Airbnb or other similar platforms, represent the future of the
hospitality industry. We aim to become a leading service provider
in this industry," stated Stephanie Anderl, Interim CEO of VAYK.
"The fact that Airbnb's annual revenue has grown more than 300%
since 2020 verifies our conviction. This is a fast-growing emerging
market, and we are providing a unique service in this market."
VAYK Aims to Build a
Tens of Millions Dollar Business
VAYK provides
service solutions for individuals who want to become short-term
rental hosts. It aims to offer a one-stop solution, including
financing tools, renovation services, and management services.
"There are many
young entrepreneurs who want to start their own short-term rental
business on Airbnb or other platforms. However, many of them lack
the resources to start," elaborated Anderl. "In fact, many young
people are renting apartment units and re-leasing them on Airbnb,
which is actually illegal because it breaches their lease agreement
with the apartment owner."
VAYK believes that
by offering an affordable solution to these young entrepreneurs, it
can build a service business worth tens or even hundreds of
millions of dollars in a few years.
A Three-Step Solution
for Airbnb Hosts
The first step is
to provide financing tools for these young entrepreneurs. Back in
2020, VAYK released an APP to connect investors with Airbnb hosts.
The company is currently working to launch a broader platform that,
in Anderl's words, will "disrupt the current Airbnb investment
model."
"The market has
seen many institutional investors who hoard properties and turn
them into short-term rentals in large numbers. This trend is
actually in contrast to the original concept of the sharing
economy. Our platform, instead, will empower individual hosts to
operate their own Airbnb properties in their unique style, bringing
back the charm of Airbnb as personalized hospitality
experiences."
Secondly, the
company will renovate properties customized to the demands of their
hosts. Last month, the company completed the acquisition of a house
engineering and service company, which will offer such customized
renovation services. Currently, the company is working with an
investor to renovate a historic landmark into a boutique Airbnb
property.
Finally, the
company will provide management services to Airbnb hosts.
"We expect that a
significant percentage of short-term rental hosts are new to this
business, and some of them may have regular jobs. Therefore, it is
critical for them to get professional help," said Anderl. "Our team
has years of experience in managing Airbnb properties, and we will
develop or acquire an AI-based tool to make management much
easier."
Disclaimer/Safe Harbor: This news
release contains forward-looking statements within the meaning of
the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to 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, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
VAYK Contact:
Contact@Vaycaychella.com
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