Using blockchain can potentially minimize intermediary expenses incurred by players in the hospitality industry because the technology makes it possible to facilitate direct connections between users and hotels, Bernard Lau, CEO of Staynex and LABS Group, has said. Lau, whose company focuses on onboarding resorts & hotels to Web3, argued that non-fungible tokens (NFTs) can be used to enhance hotels’ product offerings “particularly in the realm of loyalty membership rewards.”
Using Blockchain to Eliminate Intermediaries
With respect to timeshares, also known as vacation ownerships, Bernard Lau told Bitcoin.com News that the blockchain’s key attributes can effectively help lower the costs of such ventures. In addition, when their ownership is more transparent, timeshares can still turn out to be an “interesting concept” just as they were in the past, the CEO added.
Lau also spoke of how artificial intelligence (AI) can be used to curate optimal selections, itineraries, an
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