In light of the update that the company came up with on Thursday, it could be a good time for investors to consider keeping track of the Vaycaychella Inc. (OTC:VAYK) stock this morning. On February 1, that company announced that there had been an update to its business strategy, in which Vaycaychella would include strategic investments for the purpose of expanding on its current plans to be a leading service provider in the short-term rental space.
As per the updated business strategy from the company, the short-term rental business would move its focus to the continental United States. In this regard, it ought to be noted that in the past, the majority of the company’s interests were aligned with the international short-term rental property market. In fact, Vaycaychella boasted a considerable presence in the Caribbean.
The change in strategy would help the company move its focus so that it could accrue the benefits of a fast-growing short-term rental market in the United States. In this regard, it should be noted that the short-term rental market in the United States is the biggest in the world, and as per AirDnA, it has hit total sales of as much as $64 billion.
However, that was not all. The company also announced that the updated strategy would also involve significant restructuring. Vaycaychella announced that it had negotiated with investors and debtors for debt reduction agreements and had been able to cut down its debts by close to $2 million. The company went on to note in its news release that it was working on further negotiations so as to reduce its debt by an additional $1 million. It remains to be seen if the Vaycaychella stock comes into focus among investors today.