EMPIREHOTELS - Revolutionizing the hospitality industry

bayo88

INTRODUCTION

Hoteling (also called office hoteling) is the practice of providing office space to employees on an as-needed rather than on the traditional, constantly reserved basis. This reduces the amount of physical space that an enterprise needs, lowering overhead cost while (ideally) ensuring that every worker can access office resources when necessary.

A hoteling system may include a reservation program that anticipates demand, manages how to meet the demand when it occurs, and prevents resource hoarding (the making of just-in-case reservations to ensure space is always available, whether needed or not). Employees can retain their own telephone number extension and voice mailbox. Hoteling systems can be especially useful to enterprises in which employees travel frequently. Remote offices can exist almost anywhere, equipped with ports for notebook computers. Some companies provide special rooms, designed specifically for hoteling, equipped with tables, chairs, and even food services.

Office hoteling began in 1994 with the non-territorial office, conceived by the advertising agency Chiat/Day. Today the concept is used to advantage by diverse businesses including real estate agencies, consulting firms, law firms, manufacturers' representatives, telecommuters, and flex-time workers.

The blockchain, as many industries have come to realize by now, is a technology that can and will change people’s lives and business models wherever there is a marketplace with a multitude of participants; some (or all) of which have diverging interests and no reason to trust each other.

A hotel reservation system works by processing secure online reservations made through a hotel’s website. The data is then passed onto a backend system which can be accessed by hotels to manage bookings. Other features may come with it – for example, the automation of reservation confirmation emails.

Small hotel managers and owners recognize that technology is key to growing their business and increasing their bookings overtime. To sell rooms to capacity and to appeal to a global audience, a hotel reservation system is required.

ABOUT EMPIRE HOTELS (Revolutionizing the Hospitality Industry)

Empire Hotels is a booking platform built on blockchain technology, and it will be able to solve the major problems faced in the hospitality industry and provide the best user experience to guests and the service provider.

In addition, Empire Hotels, a revolutionary booking platform, intends to solve this pain point faced in hospitality industry by cutting out commissions for third parties and leveraging the blockchain technology to facilitate better data management and transactions system for hotels. Empire Hotels aims to offer a currency to be used in the hospitality industry, thereby creating an easy-to-use platform for the public, and an API for integration with other systems.

THE CHALLENGES

Double booking

The double-booked room is an unavoidable issue. Well-trained staff can prevent booking errors.

Incorrect Data

Incorrect data can put a great amount of stress on both the customer and the front desk agent or manager.

Expensive booking portals

Majority of the hotel bookings happen through online booking portals. The portal charges usually sum up to 15-25% fees on the booking cost.

Platform maintenance

In order to maintain an Over-The-Air service up and running, companies spend resources on infrastructure, software and hardware maintenance.

Financial and transaction fee

The financial institutions between the customer and the hotel will charge a fee to process transactions.

Foreign transaction fee

When booking an international hotel, fee of approximately 3% is discreetly charged from the guest to process the transaction.

Currency Conversion Fee

When someone pays with foreign currency to book a room, the rates applied on the currency conversion are generally higher than what the rates actually are moment of booking.

THE SOLUTION

Empire Hotels is solving these problems by eliminating any third parties and leveraging the blockchain technology to facilitate a better data management and transactions system for hotels, platform can revolutionise the way the industry runs. Empire Hotels offers a currency to be used in the hospitality industry. This would create an easy-to-use platform for the public and facilitate an API for integration with other systems. The unique architecture of Empire Hotels platform enables the hotel bookings to be executed as crypto transactions. Every transaction is executed and stored in a decentralised P2P network so that the platform can provide improved data management and reduce costs for transactions as compared to other platforms available in the market.

ADVANTAGES OF THE EMPIREHOTELS PLATFORM

Cheaper booking

Using cryptocurrency for hotel bookings can drastically reduce the transaction fees and rule out international payment charges and currency conversion fees. By adopting this strategy, it is possible for the hotel to increase its profit margins while offering to the users the opportunity to book a hotel at a much cheaper price.

Secure and reliable

By using blockchain to process transactions, transparency and security are preserved more than ever. Unauthorised parties will not be able to access confidential user data. Every transaction will have an ID associated with the user if required. All non-sensitive data exchanged during the booking process will be encrypted and saved in the transaction details, protecting both user and hotel against fraud.

Accurate Reservation

Blockchain is a non-centralised solution for the double-booking problem, a classic problem that could not be solved without a trusted entity mediating the transaction. The bookings are executed as crypto transactions in Empire Hotels platform and before confirmation, the timetable for the room is verified on blockchain and this virtually eliminates the possibility of double-booking.

HOW IT WORKS?

The Empire Hotels cross-platform applications interfaces between hoteliers and guests. It works just like any other booking platform; hoteliers can list their hotels on the platform for free and guests can browse through the listed hotels. In the Empire Hotels platform, all booking transactions and inventory management data are stored in the blockchain network for effective data management.

Through the platform, guests can make payment using cryptocurrency - EMPC tokens (it is the utility token powering the platform), which will be converted to fiat and paid to hoteliers by the platform. Guests are rewarded with added services when they use the platform more frequently. The incentive model of the platform is designed to encourage guests to use the platform frequently and to hold the EMPC tokens with them longer to get more benefits.

Simple, easy, and fun

Users can browse for hotels and experiences nearby. They can place bookings using both fiat and EMPIRECASHs — our digital asset.

Truly empowering hotels

Even though there are no fees for the registration, a small fee — the smallest on the market — is added to each transaction in order to make the platform viable. Affordable fees for owners; lower prices for users.

Revolutionizing the Hospitality Industry

The developers took care of every little step during the app development process. We want to give the best experience to our users.

THE EMPIRE CASH (EMPC) TOKEN

Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”. Now and the Future of Empire Hotel For company security to work with Netverify (which “helps prevent fraud, fake or stolen ID use”). Others include Accubits, which “really pushed [Empire Hotel] into the market” and AppInventiv: “an application development company, based in India”. Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”