Want To Travel Hassle Free, Travel With Trippki

The online hotel reservation industry is blooming and people are relying more and more on the internet to book their hotels.

One perfect example of this is booking.com. The business model of booking.com is simple, hotels partner with the site and provide information for their properties, which subsequently show up in Booking’s catalog of available rooms.

The site also promotes hotels through search engine listings. Booking.com then takes a commission based on each booking made through them. However, unlike any other industry, the hotel industry has its own set of challenges too.

The challenges in online hotel booking:

– Synchronization issues:
Synchronization between the online booking system and the hotel used to cause many issues. Sometimes travelers used to book rooms that were unavailable or already filled — visitors used to view outdated information.

– Inability to know about hotels:
Although the reviews from customers | information are available online or on the booking platform, however, these are very prone to manipulation and incorrect.

Check out some of the manipulation cases in Booking.com

– “Booking.com Fake Bookings! Fake Reviews!”: Read here

– “Booking.com security warning after fake reviews” — Allows imposters to change or cancel your hotel booking, or even leave a fake review: Read here

– Customer loyalty:
Travelers are increasingly comparing travel agent (or sites) offers. Insufficient value return tends to pursue travelers to refer 2 or 3 different sources before making a booking online.

– Heavy commision from online hotel booking sites:
The general commission rates of online travel agencies range from 15% to 30%. It totally depends on the popularity of the OTA and in the case of booking.com, it goes up to 30% making the small and mid-sized hotels that struggle to get direct bookings, to pay a higher commission.

– Additionally, hotels have to pay transaction fee up to 3–5% for credit card payments. This combination of commission, make hotels to pick a difficult choice of making profits by cutting on operation cost (like cutting on staff) and compromising on quality service to travelers.

“Travel hassle free with Trippki”

Trippki is a new hotel booking platform which uses blockchain technology to remove intermediaries, reducing platform commissions and helping to build better customer and hotels relationship.

Benefit for hotel owners :
By partnering with Trippki, hotels can add listing information for their properties and substantially reduce platform commissions (up to 90% less compared to other online booking platforms) and enables the direct relationship between the customer and the business.

Benefit for travelers:
– A customer reward system that incentivizes sharing the value transaction in the booking process between guests and hotels. Part of each booking payment is converted into TRIP tokens which are given to the customer as a loyalty reward.

– Tokens can be used by travelers in Trippki platform for their next hotel booking or for using various facilities in the hotels. Also due to very low commissions, hotels can share the additional benefit with travelers or add value services which will help in building customer relationship and high customer retention.

– In addition to value sharing, travelers can rest assured that the reviews in Trippki platform are honest, true and their information is safe. Welcome to “ProofOfStay” mechanism in Trippki.

The use of blockchain will enable no centralized control of travelers information or control of reviews posted. Smart contracts will trigger review only if the traveler has stayed and they use their private key for adding reviews for their stay making ‘fake reviews’ impossible in Trippki platform.

This will give huge credibility to the ratings in Tripkki and travelers who check reviews first before making booking reservations, they finally get what they read or want.

To make the process of transaction easy and simple, Trippki will introduce Mobile TRIP wallet. It will enable travelers to easily pay for their stay using a mobile device as well as receive rewards on the wallet.

Who doesn’t like to be part of this amazing ecosystem:
The interest in the travel industry is growing and Trippki has already over 1.6 Million hotels lined up already and more partnerships are in the pipeline.

Summary :

• An innovative model helping the travel industry be more cost-effective. This will help hotels to maintain necessary operation cost for hotels and provide better value-added services to their customers.
• Enable value sharing approach to enhance relationships between travelers and hotels. This will help in customer loyalty | returning customers.
• Trippki already has over 10,000 hotels lined up and with this unique model of value sharing and low commision rate, more customers/ partners/ hotels will be using the platform.
• Travelers will have more, trustful reviews | insights about the hotel, hence helping travelers make better reservation decisions.
• TRIP is a utility token used to earn, redeem or use for building up a guest reputation by the participants within the ecosystem with a total supply of 200 Million TRIP tokens. We believe with a growing ecosystem and fixed supply, the TRIP demand will increases.
• Unlike other ICOs who only showcase idea and long development plan(or roadmap), Tripkki team is focused on building the product and ecosystem making it the most developed project around the ICO launch. Tripkki token holders will be able to book hotels from Trippki platform right out of the gate.