how blockchain technology will revolutionize hotel booking B2B services industry

[enigmaticady]

Dear All ,

While all the blockchain token and currencies are in highs and low in prices by daily basis investments . how its benefit the hotel bookings and airline bookings industry .

how blockchain technology will revolutionize the hotel booking B2B services industry?
 

[Nubitcoinerr]

It's a matter of them accepting it or not. Just like any merchant.

[xdrpx]

Blockchain can help by bringing reliability and trust for the travel and hotel industries. Probably a platform could be built from which every transaction for room bookings, services provided (room service calls), checkouts can be tracked and payments made can be verified based on the trust that it has been confirmed on the blockchain. Also since blockchain eliminates double-spending, it helps prevent fraud in terms of chargebacks and also there's a confirmation proof again bringing in the "trust" factor that payments have been made successfully. This way both the customer and the business can build a good relationship.

Also for the airlines industry, if all the airline bookings and transactions were on the blockchain it would bring transparancy in terms of price paid for tickets also might help eliminate broker fees (usually charged additionally by travel agents for booking your flight tickets) and also might no longer have to wait for the banks to process these transactions if you have an emergency travel to be made.