LockTrip Secures 300,000 New Hotels for its Marketplace through Strategic Partnership Deals
We are very excited to share another piece of game-changing news with you.
Through strategic partnership deals made over the past few months, we have managed to secure more than 400,000 hotels around the globe.
Of those, around 300,000 hotels will be new additions to our marketplace, while the remaining 100,000 are already listed, but were secured a second time now.
About the 300,000 new Additions
With the new additions, the amount of hotels listed on our marketplace will increase to more than 400,000! Current estimates put the total hotel count at roughly 700,000 worldwide. We have more than half of them secured by now.
More importantly, our inventory includes most of the major hotels already. So it is safe to say, that from the perspective of bed and booking capacity, you will soon be able to book a large majority of the global offerings.
Not only do we have a much broader inventory now, but we also have a much stronger presence in Asia and Africa. Another major difference is the expansion beyond the 3–5 star hotel category into all possible accommodation types available, including hostels, motels, 1 and 2-star hotels, as well as 6-star luxury resorts.
About the 100,000 Hotels
At first, securing the same hotel a second time might sound confusing. Why would you invest resources to get something you have already, right?
To understand, you have to know that inventory does not equal inventory. Different distributors can have different prices for the same hotel at the same day. There are endless factors resulting in unique prices, which make it impossible to predict them in a meaningful way.
This is, why our strategy is based on securing the same inventory multiple times, in order to then select and display the best offer available. Expect some small improvements in our competitiveness as a result of those efforts (especially in the region of Asia).
We expect to complete the integration by the end of this year. Coupled with the pending fiat payment feature, we will be very well positioned for 2019 and beyond.
Great times are ahead, we want to thank everyone for their continuous support.
LockTrip is the first marketplace with 0% commission where you can save on average 20% on your hotel and rental bookings compared to anywhere else. Learn how to buy LOC tokens to enable access to our marketplace and its lower prices here!