A hotel in the Dominican Republic, Casa de Campo Resort & Villas, is set to use NFTs as reservation tools, which they’ll offer to their customers. This is one of the first times we’ve seen this, and it makes a lot of sense. Interestingly, hotel owners will gain certainty of income from this concept.
The Dominican Republic Hotel’s NFTs
Casa de Campo Resort & Villas have signed with a startup, Pinktada, which recently launched a booking system that includes hotels across North and Central America. By signing up, the hotel allows guests to book their hotel rooms by purchasing NFTs through Pinktada.
Compared to those who book regularly, a discount will be given to those who buy through an NFT booking. To clarify, room nights will be for sales as NFTs. These can be sold to other hotel guests, which WSJ compared to StubHub.
The hotel will be provided with monetary security. The owners will get paid for their rooms, even if guests cancel their reservations. Guests can sell their bookings on a marketplace to other eager buyers. Alternatively, they can use their tokens for other Pinktada hotels.
Jason Kycek, the Senior VP of the Dominican Republic hotel, “We can reach another consumer that maybe isn’t booking through traditional means.”
Mark Gordon added: “You give hotel owners certainty of income. But give travellers the flexibility if their plans change to sell or swap tokens.”
Travel Based NFTs
NFTs in travel seem to make a lot of sense, and give lots of utility, compared to many other industries. From flight tickets, to now hotel tickets, these normal travel items/tickets would work extremely easily as NFTs. If you were to produce them as NFTs, as the Dominican Republic Hotel have done, purchasers will be able to resell them, easier, and with less notice, to other travellers.
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