EMPIREHOTELS- Revolutionizing the Hospitality Industry

JigaMola

Empire Hotels is a blockchain based platform that provides safe, transparent, end-to-end and low-cost bookings of a variety of the hotel rooms globally available. It provides a fully in-app hotel service such as in-room dining, concierge services, bill review, etc.

Empire Hotels 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.

EMPIREHOTELS is a revolutionary platform for users to book rooms and experiences around the world. The platform provides an easy way to check-in / check-out and is fully prepared for future room automation. EMPIRE HOTELS is a global platform and application, where users can order rooms and services using fiat and crypto assets, using blockchain and smart contracts.

Below are some of the impending challenges EMPIREHOTELS seek to solve:

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.

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.

Features of EmpireHotels

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.

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.

How EmpireHotels work?

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.

Why choose EmpireHotels?

Empire Hotels reduces the cost and expands the hotels and guests benefits through the use of blockchain. With a decentralized blockchain economy, there is a direct communication and an improved relationship between businesses and their guests, providing a high level of mutual trust and optimal efficiency.
Empire Hotels is not only a booking platform; it is an end-to-end service that assists the user from the moment of booking to the check-out. Additionally, all the users are registered through an easy-to-use KYC process, where their identity is checked and safely stored in the blockchain. It is safer for users and for hotels.
In Empire Hotels, when a user finds a room they choose if they want to pay with either cryptocurrencies or fiat. When they arrive to the hotel they do not need to proceed to the reception, as the check-in can be done in the app. If the hotel room has a NFC-based door lock, the phone may be used to open the door, as our platform seamlessly integrates with the hotel systems to provide the digital keys to authorised guests. If the phone or the hotel for any reasons do not support this technology, the user is informed in the app to go to the reception with a code only to get the key, as the check-in can still be done in the app. By providing this automated check-in service, Empire Hotels allow users to save their time to enjoy the trip instead of waiting in queues.
All the meals, goods and services requested are seamlessly updated in the users account, allowing anticipated review of their bills, thus saving more time in the check-out, which can be equally processed in the app. This end-to-end service will be improved over time by the addition of new features and improvement of the existing ones.

Empire Cash Token (EPMC)

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”.

Token and ICO Details

The Empire Hotels platform will issue Empire Cash tokens (EMPC tokens) to fuel the transactions and incentive models of the platform. The total supply will be 1,350,000,000 EMPCs. The Initial Coin Offering intends to raise $36,000,000 through its various phases.

Token name: EMPC
Protocol: ERC20
Total supply: 1, 350, 000, 000
Tokens for sale: 900, 000, 000
Token price: $ 0.1
Token sale reserve: 250, 000, 000
Token for team: 200, 000, 000
Accepting: BTC, ETH, LTC

Road Map

First Draft Idea – November 2017

The first idea for applications and platforms was designed. Although this idea has changed over time, in November 2017 we first discussed the development of this project.

Smart Contract Design – March 2018

Smart contract development and auditing are important stages in the ICO process. During this stage, crypto-economics, numbers, and inventory are defined.

Whitepaper Development – March 2018

Whitepaper explains the technology and features of our application and platform, as well as plans for the future.

Website Development + Dashboard – June 2018

The website and dashboard wallet was developed using the most modern technology, and was repeatedly tested on many different devices.

ICO Phase – Commences in January 2019

The ICO phase will begin in January 2019 and will be divided into three parts: Pre-ICO (pre-sales), Phase 1, and Phase 2.

Launch of Applications for Android and iOS – April 2019

The first version of the application will not be beta; it will be fully operational. This version will activate all features from day one and will be updated from time to time.

Launch of EMPIRECASH Payment – July 2019

This feature, scheduled for July 2019, will provide a tool for users to pay via contactless using their cellphones, while attracting from available EmpireCash coins.