The new venture offers consumers a new way to book the most exclusive In Residence experiences while leveraging the lowest fees in the industry - a result of DTravel’s seamless deployment of blockchain technology to ease the payment and booking process by bypassing the usual fees associated with the latter. A selection of In Residence’s luxury homes will be available for booking starting this fall using Dtravel tokens, TRVL.
Introduced last month with the support of Binance-backed Travala.com, the world’s leading blockchain-based travel booking platform, DTravel is expected to launch property bookings this fall, having amassed over 200,000 properties in more than 2,000 cities since its launch. These hundreds of thousands of vacation rentals are powered by its native token (TRVL), which is held by all hosts. TRVL can be used for booking stays, qualifying for rewards and loyalty programs, participating in platform governance, and more.
Buying TRVL tokens hence transforms the individual crypto-investor, voyager, or house-renter into a veritable co-owner of a broader travel ecosystem that merges the lowest prices, the highest-end experiences, and the most seamless, individualized control over the booking process. With the Decentralized Autonomous Organization (DAO), a digital cooperative allowing each individual to become a decision-maker and possess an equally vested interest in this integrated but decentralized virtual economy, hosts and guests can now truly interact within a space that maximizes the ownership and preferences of both within the booking experience.
In Residence, meanwhile, will ensure that this democratized, cheaper, more integrated booking experience yields the most spectacular luxury experiences on offer in the travel industry. While the company’s discreet, highly personalized booking system and concierge service have already given its clients more control over the booking experience, the partnership with DTravel in the current global climate promises to take this approach to a new level. Pieter Brundyn, CEO at In Residence, has acknowledged the opportunity this initiative presents, stating: "With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, DTravel gives eager hosts what has been missing to date: control and ownership over the booking experience".
