7 reasons why GOeureka is the best online hotel booking

achizaini (6)in #blockchain • 6 years ago

hy all, this time I will review GOeureka.

and you must know 7 reasons why GOeureka is the best online hotel booking ..

for further information please read my article below:

about GOeureka

GOeureka is a travel technology company that uses blockchain technology to build a hotel booking platform. Our mission is to decentralize the hotel booking sector and provide better transparency by enabling hotels to connect directly with their customers. As a technology partner for hotels, GO aims to provide a dynamic digital experience to users and eradicate the high commission structure imposed by online travel agents.

By reducing hotel financial commitments for third-party booking platforms, GO's vision is to enable hotels to focus more resources to provide better intrinsic value and services to travelers around the world.

7 reasons why GOeureka is the best online hotel booking

1. INTRODUCING A TECH PARTNER FOR HOTELS

“We provide an affordable and efficient platform for hotels and consumers to directly engage and transact with each other, removing the inequitable commissions to OTAs that ultimately decrease hotels’ margins and increase consumer prices.” – GOeureka CEO, Manraj Rai

In response to the growing power of OTAs, GOeureka (GO) is dedicated to becoming an unbiased and transparent technology partner for hotels by providing a commission-free online booking platform that leverages blockchain technology to transform traditional loyalty programs and deliver increasing value to all consumers.

Consumers increasingly expect personalized travel offerings and digitally-enabled one-stop services; the growth of OTAs is in part a testament to that. The GO platform includes a web-based inventory management system for hotels, web-based booking engines for rooms and services, available on both iOS and Android operating systems, for consumers.

Apart from the supply of an advanced technology platform, GO seeks to drive marketing and advertising efforts to onboard hotels worldwide onto its platform while promoting hotel services to customers. GO operates as an intermediary solely to boost the engagement between hotels and consumers, market the platform to booking consumers, and ultimately provide the best value for consumers

GO will not impose a rate parity clause for hotels on the platform, allowing hotels to list rooms at a lower price. Without limiting the listing price for rooms, GO provides hotel managers the freedom to manage their own revenue stream, and utilize the GO platform to their advantage.

GO’s platform will also engage the community by creating a sandbox that enables developers and the general public to propose new ideas and features for the platform. Consumers will be rewarded for features implemented within the GO platform.

2.Revenue Model

GO will charge a 5% transaction fee for all payments made via credit cards and cryptocurrencies accepted as a mode of payment (e.g., Ether, Bitcoin).

Payments made using GO Tokens will NOT be charged any fees on our platform. This is to protect the interest of all our token holders moving forward.

3.Re-Booking Function

How It Works

Customers search the GOeureka platform for their next hotel stay. Hotel information, booking rates and services are displayed. Interoperable loyalty program and re-booking features are available to customers.
Hotels update their rates multiple times a day. Our unique algorithm willautomatically re-book existing customers’ bookings, (at no extra cost) when the hotel reduces their rates ensuring that you always get the lowest possible price.
Customer receives price drop notification and the difference is credited back to the users account.

GO is also introducing a patent-pending Re-Booking algorithm 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. Here is an example of how the Re-Booking feature works:

1) Customer makes a booking for a deluxe room at $300 seven days prior to his stay

2) The Re-Booking algorithm continually checks for price drops

3) Two days later, the rate for the same room type is now advertised at $280

4) The room is automatically re-booked at the new rate of $280 5) Customer is informed that he has just saved $20 on his booking

GO’s website includes a user-friendly interface that allows hotels to update and manage listings with ease. Hotels will be provided a pricing dashboard where rates can be updated as needed. When the hotel lowers room rates with the Re-Booking feature, GO will prompt the hotel with the number of bookings that will be affected by the lower rate. Hotels will then be able to make informed decisions when dropping rates, notifying customers of their new rates in real-time.

4. PLEDGING TRANSPARENCY

With accountability being a key feature of blockchain technology, GO is planning to utilize this technology to ensure transparency and accountability on its platform. GO also plans to replace traditional pay-to-play arrangements employed by OTAs by pledging to remain unbiased and not charge commissions for paid search placements or exclusive promotions on the platform.

With GO, hotels no longer have to pay for visibility on its site. All displays and search results will be based on the hotels’ performance, utilization of features on the GO platform, and reviews by customers

5. INTEGRATION WITH HOTEL INVENTORY AND LOYALTY PROGRAMS

For hotels that wish to integrate, GO will provide APIs for these hotels to link their inventory and reservation systems. Well-documented guides, tutorials, and account management will be available for the hotel IT departments to undergo integration in the most cost-effective and timely manner. GO will also directly integrate with key hotel property management software (PMS) and channel managers through strategic partnerships.

Hotels can also register existing loyalty programs on the GO platform. By doing so, customers need only enter their respective loyalty program IDs to directly receive points from hotels for their bookings made via GO.

In some cases, customers can even register for a hotel’s loyalty program on the GO platform. Consumers can also manage their points from multiple registered hotel loyalty programs via the GO platform, gaining a single view of their rewards.

As GO expands its own loyalty network by fostering partnerships with leading stakeholders to increase consumers’ perceived value of hotel loyalty points as it allows them access to a larger pool of reward options outside of the travel sector. GO will also allow hotels to maintain their hotel branding on the hotel’s loyalty points pages on the GO platform.

6. TRANSFORMING LOYALTY PROGRAMS WITH BLOCKCHAIN

Traditional travel loyalty program points differ by industry segments. Airlines, hotels, car rentals, and dining segments offer distinct versions of loyalty points that are disconnected, making it hard for the average consumer to accumulate enough points to redeem a substantial reward. With OTAs also entering the loyalty program sector, now more than ever hotels need to be open to adopting new technologies and increasing the value of their rewards to consumers.

An interoperable loyalty network will provide greater utility and value to hotel customers.

Metcalfe’s law states that a network increases its value and utility as the number of connected users in the network increases.9 Based on this, as more customers enroll in hotel loyalty programs on the GO platform, the total value of the program increases as well, ultimately providing greater rewards to customers.

GO proposes an interoperable loyalty program that leverages the use of blockchain technology. This will benefit hotels and customers by promoting the hotel's own loyalty rewards 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

GO's vision is to give the customer access to loyalty points from multiple programs across a single platform. Points earned from a restaurant can be redeemed for GO credits, and in turn, used to pay for a hotel room. Blockchain acts as an immutable and secure ledger of all transactions related to the issuance of GO credits, creating a transparent, auditable supply of loyalty points without the need for intermediaries.

GO credits issued no longer serve as just regular loyalty points. Redemption of GO credits can be tracked, enabling service providers to collect data insights on consumer spending habits. All users will have a “wallet” on the GO platform to store their GO credits.

For consumers who subscribe to multiple loyalty programs, GO’s solution for an interoperable loyalty program on the blockchain could facilitate instant redemptions and exchange for multiple loyalty point currencies on a single platform.

7. PRODUCT OVERVIEW

The GO platform includes the following:

1) Website with booking and payment functionalities

2) Mobile application for customers and hotels to communicate directly with each other

3) A centralized database and server to store Personal Identity Information (PII), customer booking details, and data from hotels

4) Utilize Ethereum blockchain and smart contract to generate decentralized GO Tokens and execute payout requests

GO will store the PII, customer booking details, and hotel data off-chain to avoid pushing up network transaction fees and ensuring the immediate execution of user activity. GO will look to move its entire platform on-chain in the future, with the introduction of new blockchain technology (i.e., Raiden) that allows instant execution at minimal to no cost.

Detail ICO

GO Token – a unique utility – a sign that works on the platform as a virtual currency. This is intended to facilitate transactions on the GOeureka platform, such as night purchases at hotels, hotel services and the use of a number of other benefits and rewards for travel.Token Token – GO
Standard Token – ERC20
The total volume of tokens issued for sale – 600 million.
All unsold tokens will be burned.
The token fee is $ 0.10
Loyalty program:
Private sales – 30%
Pre-ICO Phase 1 – 15%
Pre-ICO Phase 2 – 12.5%
ICO 1 – 10%
ICO 2 – 5%
Hard hat – USD $ 60 million.
Accepted currencies – ETH, BTC, USD
Limitations for participation – US, China