Topic: [ANN][ICO] GOeureka — Blockchain hotel booking platform - page 33. (Read 40450 times)

How can this project be widely known? Because most of the tourists travel through travel companies and OTA's are already covering most of the travel industry?

I too have a same question what if i already have some loyalty points for the same hotel which i book from Goeureka will these points will be beneficial or not ? As we are dealing with the same hotel property.

What If I already have some loyalty points of any particular Hotels..& same I wanted to use for Goeureka. Is that possible in the future?
If yes what are the benefits of using the same loyalty points in hotels registered with Goeureka?

Do you guys realize how groundbreaking this project might actually end up being? I had my fair share of travel, I know how obscenely overpriced these hotels may be, it's actually crazy. If GOeureka can do something about it, then I'm a fan for life!

MVP is easy to use and functional. The market is huge, but with the advancement of technology the language barrier is collapsing. And users of blockchains enjoy those technologies for the foreseeable future. Many of them will contact the hotel directly in the future.

Hi, as much as I know about it, by visiting their website and read their whitepaper, I came to know that for example if any one is booking a hotel in advance and at the time of checkout the price of hotel got decreased  then you do not have to pay that amount in which you had booked the hotel, now you will only pay the current rate, because they do not take advance payment. So finally we as a consumer, have to pay the lowest price.

GOeureka is going to provide benefit to the customers by their re-booking feature good to see that but can someone explain me that the difference between the prices will be refunded or they are just used in the next booking.?

As per as my knowledge we can redeem the loyalty points by registering at GO platform. This is very simple to redeem the points of various hotels to GO platform, for example if one has 100 loyalty points.  And those loyalty points has a fiat currency value of $100. If he wants to redeem those points then by exchanging those points with GO credit he will get 70$. In this process the hotels are saving their 30 points and consumer can easily utilize those 70$.

If we talk about Automatic Re-booking, by visiting their website and read their whitepaper, I came to know that for example if any one is booking a hotel in advance and at the time of checkout the price of hotel got decreased  then you do not have to pay that amount in which you had booked the hotel, now you will only pay the current rate, because they do not take advance payment.

As per my knowledge, they propose an interoperable loyalty program that leverages the use of blockchain technology. This will benefit hotels and customers by promoting the hotel's own loyalty reward program. With the option to convert hotel loyalty points into GO Credits that can be used on the GO platform, this program is designed to:

1) Maximize the value of a reward to the
customer
2) Allow hotels to expand their customer
base
3) Attract more customers to use the GO
platform
4) Relieve balance-sheet liability for hotels

How Your loyalty program will work ? Will it depends upon the higher booking or some other method is there.?

Here is the requested links.

Website link : https://goeureka.io
White paper: https://goeureka.io/#download

Can i get the main website and white paper link..

Very well explained by my friend.

After reading their white paper I found that they have some great features Like,
1-Zero commission charge
2-Automated reservation change function
3-Interoperable loyalty points
4-Payment method of Fiat and cryptocurrency
5-Worldwide coverage at launch.

This will be a great concept while comparing to others.So I must say you must believe in there concept and expect that they works as they promised.

As a normal user I wants to know why I chose Go eureka While other have also the same point of scale.?

GOeureka introducing Re-Booking function as an added-value service for customers to obtain the best value for rooms (due to fluctuating prices). Hotel room prices are updated several times a day. When the hotel rate drops, the Re-Booking feature will automatically detect and re-book an existing booking at the lower rate. This will ultimately help the customers to save more by paying as less as possible for the room due to fluctuating rates.

For a company like Booking.com to directly compete with us would mean they need to scale down their business tremendously. It is not feasible for them to do so seeing their revenue model is purely based on charging commissions to hotels (10-30%). For them to scale down their business to a level where they charge 0% commissions is simply not viable. They even charge hotels to show up higher on the search results (something GOeureka is not going to do. Instead, we will base hotel ranking on customer feedback and the amount of features that are provided to customers).

It is not going to be easy for hotels to accept crypto currency payments directly. Therefore, for bookings that are made via cryptocurrency, Goeureka will carry out the conversion from Crypto to Fiat and pay out the hotels (with no commissions charged). We will also be accepting payments via Credit cards and our GOT token. Any booking made via credit cards and other cryptocurrencies will be charged a 5% transaction fee. The benefit of using our token is that the customer will not be liable to pay the 5% transaction fee and will be able to access further discounts for hotel rooms that are connected to our platform.

Another point to note is the high commissions being charged by Online Travel Agents (OTAs) (anywhere from 10-30%). Prices of hotel rooms have increased because hotels need to factor these commissions into their room pricing structure.

While hotels are reliant on OTAs to offload inventory, they would phase them out given the opportunity. We are presenting this opportunity to the hotel industry and we have received a very positive response from the hotels we are dealing with.

Our token will be utilised to access discounts for hotel rooms on the GOeureka platform and to facilitate the interoperability of hotel loyalty rewards. Every hotel knows the fiat value of their loyalty reward point and we are working on a solution for customers to convert their existing hotel points to a fiat value (GO credits) and utilise these credits towards a room booking at another hotel on our platform.

Thanks For your valuable comments.

Yes you are right this market is very broad and there are many Other Projects which are already in the market and GOeureka has to make achievements in there project and it will be really good for investors as they have many things they have mentioned in there whitepaper to save investor interest so investors will get more benefits if they will purchase there tokens which they can use while booking hotels or they can sell it at exchange.