Tech

Hotel using NFT to generate stubhub for booking accommodation

Some resort owners believe they’ve found a way to keep guests from getting stuck in excess inventory when they cancel at the last minute. it includes Converting room nights for sale into non-fungible tokensAn NFT that can be bought and sold by hotel guests, similar to a stubhub marketplace for tickets to concerts and sporting events. From the report: Owners say that if guests decide not to go, they guarantee payment for the room as the market sells reservations and appeals to cryptocurrency enthusiasts. “You can reach other consumers who don’t book in the traditional way,” said Jason Kycek, senior vice president of Casa de Campo Resort & Villas, a Dominican Republic resort that plans to start booking rooms with NFTs soon.

Casa de Campo recently signed a deal with startup Pinktada, which has launched a reservation system that includes hotels in the Caribbean, Mexico, San Francisco and Hawaii. Hotel guests can purchase NFT through Pinktada to book a room at that property. This system allows you to book a room at a discount from the amount charged by the hotel for a refundable reservation. From the point of view of the hotel owner, the sale is final, so whether the room is used or not, a profit is guaranteed. If travelers change their plans, they can use tokens from other Pinktada hotels or sell tokens to other travelers on the Pinktada network. Pinktada (the name is a reference to a type of pearl oyster) promises to be a buyer of last resort unless other travelers buy it.

Hotel using NFT to generate stubhub for booking accommodation

Source link Hotel using NFT to generate stubhub for booking accommodation

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