A hotel in the Dominican Republic will use NFTs as a booking tool
A hotel in the Dominican Republic, Casa de Campo Resort & Villas, is about to use NFTs as a booking tool, which it will offer to its customers. This is one of the first times we’ve seen this, and it makes a lot of sense. Interestingly, hotel owners will enjoy revenue certainty through this concept.
Dominican Republic Hotel NFTs
Casa de Campo Resort & Villas has signed with a startup, Pinktada, which recently launched a reservation system that includes hotels across North and Central America. By signing up, the hotel allows customers to book their hotel rooms by purchasing NFTs through Pinktada.
Compared to those who book regularly, a discount will be given to those who purchase via NFT booking. To clarify, overnight stays will be for sale as NFT. These can be sold to other hotel guests, which WSJ compared to StubHub.
The hotel will be provided with a monetary guarantee. Owners will be paid for their rooms, even if guests cancel their reservations. Customers can sell their reservations on a marketplace to other willing buyers. Alternatively, they can use their tokens for other Pinktada hotels.
Jason Kycek, senior vice president of the hotel in the Dominican Republic, “We can reach another consumer who may not book through traditional means.”
Mark Gordon added: “You give hotel owners revenue certainty. But give travelers the flexibility if their plans change to sell or trade tokens.
NFTs in travel seem to make a lot of sense and provide a lot of utility, compared to many other industries. From airline tickets to hotel tickets, these normal travel items/tickets would work extremely easily as NFTs. If you were to produce them as NFTs, as the hotel in the Dominican Republic did, buyers would be able to resell them, more easily and with less notice, to other travelers.