Hotelier Coin Platform: Innovation and The Digital Travel Era

Today, innovative technologies are the driving force as well as a powerful anti-crisis and strategic tool for almost every business. The rapid globalization of the world market creates the constant need for innovation, and the hotel industry is no exception. Tough competition forces hotel companies to look for new ways to grow and adapt. It is no longer enough to merely innovate to impress, innovation needs to focus on solving the real problems that real people in the industry face every day. This was the guiding principle for the development of Hotelier Coin, a unique and decentralized blockchain platform for everyone in the hotel industry, which has united more than 170,000 hotels in 185 different cities under a common vision.

Key Problems and Challenges the Hotel Industry is Facing

Hotelier Coin’s team has a firsthand view of the real weaknesses, problems and challenges the hotel business is currently facing. The founder, Rana Mukherji, has developed and improved world-famous hotels such as Marriott, Regent, and Fairmont Raffles Hotels International for more than 20 years. The decades of experience and frequent interactions with suppliers, hotel owners and guests revealed the negative trends that weigh down the industry:

• High competition creates conditions under which attracting new customers and travelers becomes a difficult task. This is especially true for independent hotels;
• High barriers to entry, lack of investment and high competition result in a lack of mid-range hotels;
• Fraud is also becoming a real problem. Increasingly, guests are faced with false reviews written to attract new customers;
• Consumers are faced with high fees and bank charges, at times, tour operators add up to an extra 30% to the real price;
• Lack of a single ecosystem for transparent interactions. For example, hotels often suffer losses because tour operators book hotel rooms and do not redeem them. Tour operators, in turn, lose customers due to late confirmation of reservation.

These and several other equally important problems have become the basis for the implementation of the sweeping digital solution offered by Hotelier Coin.

Hotelier Coin Platform: The Best Opportunity for Hospitality

The key solution is to develop a decentralized hotel room booking and trading platform for B2B, B2C, and P2P. As a single ecosystem, Hotelier Coin will bring travelers, hospitality owners and operators, managers, wholesalers, corporate buyers, and even crypto investors together.

• Every client will be protected from fraudulent schemes through careful verification and KYC-vetting for all participants. All hotel reviews are real and verified;
• “An individual approach to each client” is no longer an empty promise. Once clients book using the Hotelier Coin platform, their wishes and preferences will be entered into a single database firmly protected and synchronized by the blockchain technology. This data will be readily available to managers at the hotels where they decide to stay, resulting in a highly personalized experience;
• The concept of Hotelier Coin was designed to bring maximum value to all parties in the industry. The use of the blockchain technology will not only protect personal data, make all operations transparent and reliable, but also increase the level of confidence in the hotel business as a whole, thereby stimulating the development of the entire global tourism industry;
• All users have access to a HTL-Stable Euro, debit cards, and individual fintech wallets and bank accounts powered by CrowdBank, backed by KYC verification. By using this booking method, each client will also receive a 4% cashback;
• The Hotelier Coin platform will provide an opportunity for users to participate in bidding processes protected by smart contracts. After verification, each user can easily book or even trade a hotel room (room night) by using the primary token of the platform (HTL), which can be purchased at any time through the internal integrated exchange;
• The built-in filter allows users to select a hotel according to criteria such as brand, location, activities and interests to help them find the most suitable room option;
• Hotelier Coin’s revolutionary HTL token will function as the currency for round-the-clock booking and sale of hotel rooms, making the process easier;
• The use of HTL tokens will allow Hotelier Coin to exclude banks and other financial intermediaries. As a result, fees and commissions will be minimized — a very important milestone, particularly in such an expensive industry.

Currently, the Hotelier Coin project is at the Public Sale stage, it will be launched in 185 cities in the next three weeks. In the future, we will continue to acquaint you with the project and report on the main successes and events of the Hotelier Coin Platform. You can get more news and information about the sale of tokens on our official website: http://hoteliercoin.io/