Blockchain technology has the potential to reduce intermediary expenses in the hospitality industry by enabling direct connections between users and hotels, according to Bernard Lau, CEO of Staynex and LABS Group. Lau also discussed the use of non-fungible Tokens (NFTs) to enhance hotels’ loyalty membership rewards and the integration of artificial intelligence (AI) to curate optimal selections and prices for customers. Additionally, Lau explained how blockchain can address challenges in the timeshare industry and make it a more transparent and cost-effective concept. The benefits of using NFTs in the hospitality industry were also highlighted, including guaranteed stays and exclusive access to partnered experiences. Lau emphasized that the use of blockchain and NFTs should be made easy for non-crypto savvy users, offering a seamless and familiar interface. Staynex recently partnered with Huawei to enhance the travel experience using AI and Web3 technologies, with AI playing a significant role in curating personalized itineraries and optimizing pricing. Lau also discussed how Web3 solutions can address the conveniences and flexibility sought by digital nomads in terms of finding affordable and flexible accommodation options..
#Blockchain #Facilitate #Direct #Connections #Users #Hotels #Staynexs #Bernard #Lau
#Blockchain #Facilitate #Direct #Connections #Users #Hotels #Staynexs #Bernard #Lau