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162264046 story Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute. It involves converting room nights for sale into nonfungible tokens, or NFTs, that can be bought or sold by hotel guests, similar to the StubHub market for concert and sporting event tickets. From a report:
Owners say this ensures they get paid for the rooms because guests would sell their reservation in the market if they decide not to go, and appeal to the crypto-enthusiastic traveler. "We can reach another consumer that maybe isn't booking through traditional means," said Jason Kycek, senior vice president with Casa de Campo Resort & Villas, a Dominican Republic resort, who is planning to soon begin booking rooms with NFTs. Pinktada recently launched a booking system that includes hotels in the Caribbean, Mexico, San Francisco and Hawaii. Guests can reserve rooms at those properties by buying NFTs. Guests can book a room at a discount if they use this system. The revenue of the hotel is guaranteed regardless of whether or not the room is used. If travelers change their plans, they can use the token for other Pinktada hotels or sell them to another traveler in the Pinktada network. If another traveler doesn't buy it, Pinktada will be the last resort.
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