LockChain Secures 100,000 Hotels for its marketplace through strategic partnership deals
We’ve already mentioned this in the Dec Update post, but since this news is of huge importance to the development of company and the LOC value in general, we decided to make it as a standalone post in order to make sure our whole community is aware of this.
Through strategic partnership deals that were made in December, we’ve secured hotel inventory that is close to 100,000 hotels with some of the most reputable accommodation suppliers in world. The inventory has global coverage.
The prices of the hotels are extremely competitive. We’ve conducted a comparative analysis between 21 properties and the result was an average of -17% -18% pricing when compared with the most established OTA. The test was conducted on properties from London, Paris and Tokyo. No USA based properties were used for the tests, because the specific OTA does not show end prices for USA (excludes sales tax, city taxes and all additional taxes) which makes it hard to validate. Pricing for USA properties is expected to be in the -9%–10% range, lower than established OTAs.
This bulk inventory will be provided entirely in net pricing to registered LOC users in order to boost the value and adoption of the lockchain marketplace.
Securing of quality inventory can only aid in the process of establishing LockChain as the first true 0% commission blockchain accommodation marketplace.
Our goal is to be able to integrate this inventory to our alpha marketplace by Feb 28, and to provide immediate value for the LOC early adopters.
Simultaneously we will be working towards on-boarding as much hotels and property owners as direct hosts on the marketplace.
Great things are ahead, we want to thank everyone for their continuous support.