WSGF -Vaycaychella CEO Compares His $9 Trillion Target Market to Airbnb $80 Billion Target Market in Interview with CEO Roads...
Dallas, Texas -- December 10, 2020 -- InvestorsHub NewsWire --
World Series of Golf, Inc. (OTC
Pink: WSGF) ("WSGF"), through its new subsidiary, Vaycaychella,
today announced an interview of CEO, William "Bill" Justice with
Mike Elliot of the CEO Roadshow.
In January of this year, WSGF acquired Vaycaychella, a sharing
economy technology company with a P2P App to connect entrepreneurs
seeking to acquire short-term rental vacation properties with
investors to back them. WSGF is in the process of making a
corporate name change in conjunction with its new Vaycaychella
Vaycaychella is a three-year-old operation that has built a
business model focused on financing short-term vacation rental
properties outside of conventional financing channels.
Vaycaychella's mission is to empower entrepreneurs looking to get
into the short-term vacation property rental business marketed
through sharing technology apps such as Airbnb, Booking.com and
Now that Vaycaychella has established a proven model through
developing a portfolio of properties that includes 10 Caribbean
beach front vacation homes, a boutique hotel, and a recently
acquired 3 unit building in Puerto Rico with an overall estimated
cumulative value of $12 million, the company is scaling that model
with the introduction of a peer-to-peer (P2P) application (App)
designed to connect new and existing short-term vacation property
rental operators with prospective investors.
Mr. Justice offers more details on the history and the plans for
Vaycacyhella in the on demand, streaming video interview with Mike
Elliot of CEO Roadshow published today on the CEO Roadshow
In the interview, Mr. Justice details where Vaycaychella's
business model fits in the growing sharing economy short-term
vacation rental business with companies such as Airbnb, Booking.com
and Vrbo. He also compares Vaycaychella's target market with the
target market of Airbnb, Booking.com and Vrbo.
The short term vacation property rental market globally is
billion dollars and sharing economy applications like
Airbnb, Booking.com and VRBO are getting a bigger and bigger
segment of that $80 billion market all the time.
The underlying US real estate market alone is over $30
trillion. The global real estate market grew by $9
trillion in 2019.
Forbes recently reported that vacation
destinations are the fastest growing real estate markets.
While Airbnb, Bookings.com and VRBO pursue the $80 billion
market, Vaycaychella is going after a market that is growing by $9
trillion a year.
"We are testing our P2P app now and getting ready for a beta
launch," said Mr. Justice. "In a few more months when we have the
P2P ready for prime time, our target is to close our first 10,000
transactions in the first 12 months. At an average purchase price
of $250,000 with Vaycayhella maintaining roughly 5% in transaction
fees, that would result in over $100 million in revenue."
CEO, William "Bill" Justice's interview today, conducted
Roadshow in association with OTC PR Wire - the #1 solution for press,
financial disclosure and multimedia solutions for companies trading
in the OTC Market, is available via streaming on demand video on
the CEO Roadshow website.
Vaycaychella CEO William "Bill" Justice Interview
With CEO Roadshow
To learn more and keep up with the latest updates at Vaycaychella,
visit https://www.vaycaychella.com/. At the company website,
you will find a blog with frequent industry publications on the
short-term rental market in general, as well as entries specific to
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
William "Bill" Justice