A hotel in the Dominican Republic, Casa de Campo Resort and Villas, started to use NFTs as a booking tools to offer its customers. This is one of the initial times we have seen this, and it makes a lot of sense. Appealingly, hotel owners will make surly money from this concept.
The Dominican Republic hotel’s NFTs
Casa de Campo Resort and Villas have partnered with a startup, Pinktada, that lately started a reservation system which contains hotels across North and Central America. By registering, the hotel allows guests to book hotel rooms by buying NFTs via Pinktada.
A discount will be provided to those who purchase via an NFT booking compared to those who book regularly. To explain, room nights will be for sales as NFTs. These can be sold to other hotel guests, that WSJ compares to StubHub.
The hotel will have financial security. Even if guests cancel their reservation, their room owners will be paid. Guests can sell their reservations on one marketplace to other eager purchasers. On the other hand, they can use their tokens for other Pinktada hotels.
“We can reach another customer who may not have booked via traditional methods,” said Jason Kycek, the senior vice president of the Dominican Republic hotel.
Mark Gordon added: “You assure hotel owners that they have revenue. But if their plans change to sell or swap tokens, give passengers the flexibility.”
NFTs in travel appear to be so reasonable, and are useful compared to many other industries. From airline tickets, to now hotel tickets, these ordinary travel items or tickets are straightforward to use as NFTs. If you were to produce them as NFTs, as the Dominican Republic Hotel have done, buyers can resell them more easily, and with less information, to other travelers.