- Hosts (hotels, airlines, tourist attractions, guides, the ones giving the real experience to the traveler)
- Performers (musicians, guides, a person or a group of person that directly interact with travelers to give them an experience)
- Helpers (CRC services, translators, auto publishers for availability, any service needed by the hosts to create a better experience for the traveler)
- Reseller (travel companies, tour operators, bed banks, channel managers, the ones that facilitate the travel more on the side of communication, aggregation, APIs)
Travel industry spends on availability calculations a lot. Over and over tons of CPU cycles are used to know the price of a room in Paris for the next week. This calculus takes a lot of parameters, mostly all commercial ones totally obscure for the traveler, like the discounts the middle man have, the taxes that needs to pay with the ten financial companies they uses to bill their clients which are doing a very similar calculus for the traveler.
An NFT distributed database will make all that obsolete. The availability and the price are always public.
In the most simple operation the host publish what they want to sell and its price. The traveler interact with the block-chain and get that price.
Host can drop rooms at a fixed price or to an auction. They can also set if they are allowing re-sales and a fee for the resale. Of course, there will be cancellation fees.
All booking will remain anonymous. At the check in the user can show a confirmation code generated with their private key. The host can have temporary access to the traveler personal information to complete regulation.
Some services, like flights, requires some personal information in advance, like nationality. On this kind of services hosts can specify which data can have last minute changes. Also, if the service requieres any data must be visible by the host prior to the service the traveler will know it before booking.
All bookings/transactions even between the same traveler and host will be anonymized. The host will not be able to track previous booking from the same traveler in the block-chain unless the traveler allow it (usually as part of some loyalty program) but, anyway, the relationship will be private in the block-chain.
The block-chain as a decentralized entity cannot retain any taxes. All prices in the block-chain are consumer prices. Hosts and helpers can generate invoices and taxes declaration based on the data in the block-chain. Hosts can delegate this task to helpers given them a restricted access to some data. helpers can also deliver software that could be installed in the hosts network to insure that any private data is never shared. travelers can agree with the hosts if their personal data can be shared with helpers for certain purposes, like taxes.
Governments can see all transaction on the network. While the privacy is guaranteed for the travelers open identity is a must for services providers in the network.
Bundles & Auctions
A hosts (an hotel, for example) can start a bid for a bundle (allotment) for the next summer season. resellers can bid and then resell it at higher prices. host will get the bid price and royalties of the subsequent sells.
Did you book a room for that Champions Final in Barcelona and your team did not get to final? Re-sale that room to a fixed price or in an auction! The host will get a part but there will be no cancellation.
Block-chain rewards and governance
Travelers will earn points by traveling, validating and reviewing hosts, helpers and performers to participate in the block-chain governance decisions.
Industry play or independent
We can make the travel industry a more fair one. Why traveling to xxx which is 10k km from home is cheaper than going to the country next to ours? Costs. Simple, but that implies that people get less for the same work.