Thanks for the replies.
Our co-founder Oleg has been committed to real estate industry since 2003, implementing software solutions and websites for a national property portal Realt.by and major market players. One of the main focuses for Oleg is internet marketing, and his strategies for optimizing experience of websites have been very successful with customers; notably, Realt.by is used by the absolute majority of the national real estate market.The real estate market is not rentals in any shape or form and despite the excellence in the RE sector, many companies have crashed an burned not understanding the minutiae of the business.
Urban areas (London, NY etc) have all seen a massive push back and Airbnb underestimated both the complexity and issues. Cities are more likely to see business rentals to overcome the 90 day issues and Airbnb is solidly in traditional rentals now where most pain is felt. Ideally you should have board members or advisors in the vacation rental sector. Only a small % of Airbnb income is from the shared market, most comes from the 365, full accommodation access and professionals.
Thank you for the impressive overview!
We are targeting 365, full accommodation access and professionals. And REALT can be competitive because of the significant changes to Airbnb model that can be used to release a significant amount of funds engaged in the old model. The key features and figures are:
✔ Direct payments between market participants in REALT tokens.
✔ No guest service fees (typically,
5-15%).
✔ No host service fees (typically,
3-5%).
✔ No currency conversion charges (typically,
3%).
✔ REALT tokens can be also used to pay for advertising services of the REALT marketplace.
✔ REALT tokens can be used outside of REALT marketplace, directly by using transfer betweens wallets.
✔ Global community can use REALT tokens by providing additional services and building value-add platforms.
If to count all the percentages, its a serious amount that is hidden from the public eye. The window for launching was opened quite recently, right after we have the cryprocurrencies. Without cryptocurrencies it would be impossible.
There are 1446 short term rentals published on Realt.by, many of them pay for advertising and prime positions. Airbnb and Booking.com also work on that local market, but Realt.by platform is an effective competitor having a significant market share in real estate segment.
Channel managers have 250K plus that are on Airbnb and this is the way that most volume inventory now hits the platforms. There is a lot of listing apathy especially as multiple systems need updating for extended marketing. Ideally your plan should have access to these and partners mentioned
Yes, that is something that we really need. For now, we expect a smooth intervention. For the property owners, the most sensitive parameter is the percentage of utilization. Ideal option is full rental of the property object on all the way. And they use different channels to gain this option. Our intention is to be one of the channels at the very start and to get more involvement, because the deals will be more efficient for property owners whilst we exclude commissions and retain the full value of transactions for hosts and guests.
But if we consider the promotion for a large amount like 250K of target audience... Of course, for this we will be very happy to
get advisers and share our reserve token stock with them. It has a potential for an immediate REALT scale boost.
Airbnb will struggle with moving their operation to direct payments between guests and hosts in cryptocurrency. This will paralyse their business model and the established way of monetization. If they continue to charge various commissions and fees even after moving to the cryptocurrency, they will not get a competitive advantage from such migration. If they stop charging commissions and fees, they will lose income that is needed for operating a company with 3,100 employees. So it is unlikely that Airbnb will ever implement such change.[/i]
Its a good point, by why would they unless its centralised. 3,100 employees is small, their marketing budget is huge and this is where partners and aligned/named corporations can help you.
Yes, they have a serious income and resources. But if they use our model, they will immediately loose a huge flow of money that is not fast to re-achieve via the decentralized tools. They will compete with themselves and with their own hands put their existing scheme of monetization on the shoulder blades. This should be a very difficult decision for such a corporation. Hopefully we have time to launch our platform and develop the model while they are analyzing the new trends.
There is an information that about a year ago they have invited blockchain consultants. And nothing happened. Most probably, we still have a handicap over time and speed.