Argentinian Hotels Eye Enabling Crypto Payments

Digitalization continues marching forward. As we have always been saying — digitalization is not only a natural process of evolution in any industry, it’s an important ingredient for their development. Argentinian hoteliers seem to believe in the same idea.

Argentinian hotels are preparing to accept cryptocurrency payments while getting ready to reopen after a long shutdown because of the pandemic.

According to La Nacion, after 8 months of closure, a large portion of hotels find themselves on the verge of bankruptcy. As some industry insiders claim, profits were barely enough to cover the expenses, and in many cases, hoteliers had to take out loans.

“Without any doubt, this is the most challenging moment the industry has faced in its history”, says inverTur CEO Ramiro Alem. Carolina Bottoli, the commercial manager of Argenway, a hotel complex development company, was quoted as saying “We have begun to consider the idea of adopting payments using cryptoassets”.

This year cryptocurrency adoption in Argentina is on the rise, a lot of people use it as a hedge against inflation or as a means of bypassing the strict currency exchange regulations imposed by the government in an effort to prop up the peso. Despite a number of small hotels, especially in Buenos Aires, have already been accepting crypto for some years (according to Hosteltur 2015 study), Argenway comes first in this race.

By the way, other Latin American countries such as Venezuela, hotels have also turned to cryptocurrency, including the famous Eurobuilding in Caracas that started accepting BTC and major altcoins as payment in January 2020.

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Hotels Of Spain

Compared with March this year, the number of hotels put up for sale in Spain has jumped dramatically.

According to the latest data from the National Statistics Institute of Spain, almost one third of Spanish hotels were closed because of the pandemic.
The country saw 557 hotels sold during this period.

The official data has also shown that last week hotel booking was down 83% compared with the same time last year. The Spanish economy is in large part dependent on the hospitality industry, and coronavirus restrictions and quarantine are hurting it tremendously.

We believe that now is the time when implementing new technologies will be the most beneficial to hoteliers.

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Sustainable Tourism Is More Than A Label

People are becoming more conscious about their lifestyle. For example, the EU has imposed restrictions on the use of disposable plastics. Tourists are aware of it and expect the hospitality industry in other regions to follow suit.

If there are two similar hotel offers on the market, 70% of people will prefer the hotel with an eco-certificate, according to a number of recent polls conducted by Booking.com, Sustainable Travel Report, Exodus Travel Report. Over 90% of tourists abroad consider it important to travel responsibly. This confirms the fact that tourists today would rather choose a hotel that supports social initiatives.

This is why it’s important for tourism to be beneficial to all: travelers, locals, businesses and the environment. The tourism industry and hotels in particular should choose local suppliers to reduce their carbon footprint and provide jobs to the region.

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Russian Capital, Moscow, Now “World’s Leading City Destination” According To World Travel Awards

The pandemic made the competition between tourism destinations even more fierce. However, it gave way for some to stand out from the crowd.

This is how the Russian capital city, Moscow, got a tourism industry equivalent of the Oscars as World’s Leading City Destination.

World Travel Awards was founded in 1993. It is considered the most prestigious award in the industry. It is the first time that Moscow is hosting the awards. In 2019, it was voted “World’s Leading City Destination”, beating such cities as London, New York, Paris, Sydney, Lisbon and others.

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Modihost in 80 seconds

ModiHost is a next-generation cloud-based hotel management platform that integrates AI, Machine Learning, Cognitive Computing and Native Voice Recognition.

It enables hotels to deliver a range of advanced, tailored services to their guests.
All it takes to learn more about our unique project is just 80 seconds of your time!

Want to learn more? Watch the video now!

https://www.youtube.com/watch?v=lDMrWJjvvrk#action=share

Do you want to take part in global digitalization?

The first step is to invest in the most promising project of this autumn! Investment in ModiHost tokens is an investment in the future!

AIM tokens are available for purchase at www.hitbtc.com/AIM-to-BTC

Investing in digital technologies is easy!

Airbnb Looking Into Implementing Blockchain And Cryptocurrencies

Airbnb has filed its IPO prospectus with the U.S. Securities and Exchange Commission (SEC). The prospectus mentions the possibility of integrating cryptocurrency payments into the platform. Airbnb says:

  “Future success will…depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, and new authentication technologies.”

Airbnb also mentions distributed ledger and blockchain along with biometrics, artificial intelligence and VR/AR as possible avenues of future development. The company also said:
“As a result, we intend to continue to spend significant resources maintaining, developing, and enhancing our technologies and platform…”

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Hottest Hotel Trends: Room Sanitization And Social Distancing

The hospitality industry is trying to hold on, but travellers have already realized that health safety and social distancing in hotels are the primary issues amid the COVID-19 crisis.

Until recently, the two main points that travellers used to pay attention to in choosing accommodation were price and location. They still matter a lot (after all, the pandemic affected tourists’ income too). However, just the price and location are no longer the deciding factors. The latest poll conducted by Skyscanner surveyed 2300 travellers all over the world shows that the new sanitization standards and social distancing are more important than everything else.

Below are the results of the study:

Almost half of the respondents will avoid using public restrooms and other public spaces in hotels.

4 out of 10 travellers would rather dine al-fresco.

Three quarters believe that hygiene and sanitization have become more critical than before.

30% of those surveyed said that loyalty programs hold much less weight than before.

These are profound changes. In fact, the industry is now at a point where hoteliers have all the chances to reinvent the entire process of hotel stay and offer their guests brand new experience — if they play their cards right.

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Domestic Travel To Become Primary
Recovery Driver For Economies

United Nations World Tourism Organisation (UNWTO) experts believe that now is a crucial time to incentivize travellers to turn to domestic destinations as pandemic restrictions are being relaxed.

According to UNWTO, domestic tourism will recover faster than international travel, making both developed and developing countries to bounce back from the social and economic consequences of the COVID-19 pandemic.

UNWTO studies show that in 2018 some 9 billion domestic trips were made all over the world, which is six times more than international tourist trips (1.4 billion in 2018).

In particular, Organisation for Economic Co-operation and Development (OECD) countries that include North America, the European Union, Turkey and Australia, saw up to 75% of citizen travel spending taken up by domestic trips. On top of that, domestic travel spending in the European Union is higher than international travel spending by a factor of 1.8.

On a global scale, the largest domestic tourism markets when it comes to spending are the United States (almost $1 trillion US), Germany ($249 billion), Japan ($201 billion), Great Britain ($154 billion), and Mexico ($139 billion).

This way, considering the scale of domestic markets, supporting them will help the tourism and hospitality industry to recover from the pandemic shock!

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Do you want to take part in global digitalization?

The first step is to invest in the most promising project of this autumn! Investment in ModiHost tokens is an investment in the future!

AIM tokens are available for purchase at www.hitbtc.com/AIM-to-BTC

Investing in digital technologies is easy!

Hotel Hygiene: Examples From International Chains

Let’s look at the new hygiene standards adopted by the largest hotel chains in the post-corona world.

Hilton. Apart from implementing the most flexible booking rules possible, Hilton has partnered with RB — a sanitizer manufacturer, and the Mayo Clinic to implement the highest cleanliness standards: hygiene above all else. You can check-in and check out contactless — with a digital key. All Hilton hotels utilize electrostatic sprayers and UV-lamps.

Marriott Hotels. This chain relies on a wide range of technologies (including electrostatic sprayers and UV-lamps) in all its hotels. Room disinfection is done with medical-grade solutions.

Four Seasons. The Four Seasons Hotels and Resorts group works with Johns Hopkins Medicine International to implement the Lead With Care program in its hotels and resorts across the world. The main points of the program include public area cleaning every hour, personal hygiene and health safety kits, daily room disinfection using solutions approved by the Environmental Protection Agency (EPA).

Health, room disinfection and stringent health safety standards are the primary concerns of most travellers who intend to continue exploring the globe today.

Blockchain And Travelers

Blockchain has several innovations to offer to the tourism industry that a lot of hotels and travellers have already noticed. Blockchain means, above all, secure transactions with zero bank involvement, zero risks of a sudden account freeze, wallet security, including 2-factor authorization.

How does the tourist benefit from it? If the trip is a long one, blockchain eliminates the need for carrying around your wallet and documents. For any tourist, these are the most valuable items that must be kept safe 24/7.

Blockchain transactions won’t solve the security issue once and for all, but they provide a convenient alternative. Hoteliers can benefit from blockchain by utilizing its capability for gathering and storing data about ticket purchases, booked rooms, loyalty programs, travel routes and a host of other things on a common platform.

This kind of information is useful to all industry representatives since the knowledge of your client’s preferences allow you to anticipate their wishes and raise your conversion ratio as a result.

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Artificial Intelligence And Digital Service

A Booking.com survey has shown that a third of world travellers are interested in using artificial intelligence for trip planning. People supply a lot of information about themselves through search queries, revealing their preferences, budget, and their primary payment option. Some 50% of those surveyed don’t care who’s helping them plan out their trip — a live operator or a chatbot. If a tour or a hotel booking service provides them with a suitable option, the chances are: that is what they will end up choosing.

Large online services will continue developing their own AI, and smaller market players are picking up their experience.

By the way, some hotel chains are implementing their products as part of the digitization initiative. For example, the efficiency of the HiltonHonors technology will become apparent by the end of 2020. This is an app where a guest picks a room, pays for it and customizes the stay to their own liking.

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How Tourists Plan To Navigate Current Situation

Tourist attitudes are changing, and today, few plan to travel the same way they used to, even after the lockdown measures are lifted.

Over 80% of tourists are no longer inclined to travel as often as they used to in the previous years. This is according to a poll by Inmarsat Aviation. Over 10 thousand people from 12 countries were polled.

31% of respondents intend to reduce their air travel, while 41% said they will cut down their use of all transportation.

These attitudes are most prevalent in Asia: 58% of Indians and 55% of South Koreans don’t plan to be active in terms of travel.

Naturally, if these would-be customers continue to stick to this viewpoint, the tourism industry will continue to suffer across the world.

This makes it all the more important to develop domestic tourism. It’s not at all clear when the restrictions will be relaxed.

https://modihost.io

Modihost in 80 seconds

ModiHost is a next-generation cloud-based hotel management platform that integrates AI, Machine Learning, Cognitive Computing and Native Voice Recognition.

It enables hotels to deliver a range of advanced, tailored services to their guests.
All it takes to learn more about our unique project is just 80 seconds of your time!

Want to learn more? Watch the video now!

https://www.youtube.com/watch?v=lDMrWJjvvrk#action=share

Finland Prepares To Open

The Finnish government is preparing legislation aimed to support the country’s hospitality industry without undermining its citizens’ safety.

The authorities are exploring the idea of creating so-called travel bubbles. The idea is to conduct COVID-19 tests in airports and keep the tourists within their groups, isolated from contacts with the rest of the people.

Finland has previously had the most meticulous epidemiological assessment procedure of all European countries.

That being said, according to the European Centre for Disease Prevention and Control, Finland boasts the lowest COVID-19 infection rates of all the EU.

Late October, Finland’s tourism sector representatives reported over 60% of Christmas bookings had been cancelled by tourists. To attract guests, hotels started reducing prices, which means this year, spending vacation in Finland will be much easier on your budget.

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HOTELS AGAINST THE PANDEMIC: THE EUROPEAN WAY

Tourism has borne the brunt of the pandemic, and with it, suffered the hotel industry. Strangely enough, luxury hotels ended up in a more favourable spot than the rest of the market, but it can be explained with how the social distancing guidelines and hygiene standards had already been an inherent part of their service.

Here is what luxury hotel managers have to say about occupancy rates.

Philippe Perd, general manager of Hôtel du Cap-Eden-Roc: «We opened our doors July the 1st and achieved 70% occupancy. In August – 76%. Normally, 50% of our guests come from the US, this year it’s 8%. Russian guests usually constitute 9%, this year – 1%. 12% usually come from the UK, in 2020 this figure jumped to 25%. From France – 7-8%, but this season it’s 20%. Normally, from June to mid-September, 75% of our guests are regular customers. This year it’s only 20%. It was bizarre for me and my colleagues to not see familiar faces. Our staff had to find out the preferences and habits of our new guests. It’s a whole different mosaic of clients. We didn’t expect there would be so many people”.


«The market has adapted to the lockdown measures”, says Ivan Artolli of Hôtel de Paris in Monte-Carlo. “The number of our clients from the US dropped 59%, from Russia — 62%.
Faraway countries such as Japan and Mexico — a drop of 95%. However, the share of Italian guests has increased by 60%, Swiss by 65%, Benelux and Netherlands — 88%, France by a whopping 170%. We also believe it to be important that we didn’t just lower our rates, which means we kept our client demographic the same, even though 50% of guests were first-timers. The share of families with children has also increased”.

“We didn’t rush to open the hotel as soon as the authorities lifted the restrictions, since there were very little tourists from other countries, so we decided to wait 2 months to assess the situation”, says managing director of The Lanesborough Hotel in London, Marco Novella. “In September we opened just our restaurant. The people who live nearby started coming in.
Everyone has adapted to the new life under the pandemic rules and aren’t afraid of going to public places to dine, however, their wanderlust is still not as strong as it used to be. However, generally speaking, it seems like the situation is under control, because our regular customers started coming back. We didn’t hope to see them so early, but late September to early October a number of VIPs asked to book them a few rooms, and we reopened our hotel for them — and we stayed open”.

As you can see, the luxury hotel segment managed to adapt to the new rules of the pandemic, and clients were happy to come back to their favourite hotels!

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Maldives Hotel Offers Unlimited Stays All Year

Amid the pandemic and the outflow of tourists, the Anantara Veli Maldives hotel offers its guests unlimited stays for 2021.

For a fixed price of $30,000, the hotel offers unlimited stay in a personal overwater bungalow, free daily breakfast for two, transfer from the airport as often as required, as well as discounts on its dining and SPA facilities. Anantara Veli Maldives has dubbed this offer “Unlimited stays in paradise”.

This package offer includes unlimited number of days for the entire 2021 that is fully covered by the 30 thousand dollar fee that includes an overwater bungalow.

Hotel offers like this once again prove just how important optimization of the entire workflow is during a crisis. This is why we believe it is worth implementing the ModiHost system today! Only the latest technologies such as AI can help any hospitality business modernize their operations! And you don’t have to break the bank to implement this kind of technology!

Learn more: https://modihost.io