A hotel in the Dominican Republic, Casa de Campo Resort & Villas, is going to use NFTs as booking tools, which it will offer to its customers. This is one of the first times we’ve seen this, and it makes a lot of sense. It is interesting that hotel owners are getting revenue security with this concept.
Dominican Republic Hotel and NFTs
Casa de Campo Resort & Villas have signed up with a startup, Pinktada, which recently launched a reservation system that includes hotels throughout 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 purchase through an NFT reservation. To clarify, room nights will be sold as NFTs. They will be able to be sold to other hotel guests, which WSJ compares to StubHub.
The hotel will have monetary security. Owners will definitely get paid for their rooms, even if guests cancel their reservations.
Guests will be able to sell their reservations on a marketplace to other eager buyers. They can also use their tokens for other Pinktada hotels.
Jason Kycek, senior vice president of the Dominican Republic hotel, “We can reach another consumer who may not be booking through traditional means.”
Mark Gordon added, “It gives hotel owners the security of revenue. But it gives travelers the flexibility to sell or swap tokens if their plans change.”
NFTs and travel
NFTs in the travel sector seem to make the most sense, and provide a lot of utility, compared to many other sectors. From airline tickets, to hotel tickets, these normal travel items/tickets would work very easily as NFTs.
If they are produced as NFTs, as the hotel in the Dominican Republic has done, buyers will be able to resell them more easily and at shorter notice to other travelers.