OnDemand WTP Pricing Research

Blockchain-based Airbnb Rival Cuts World Hotel Pricing by 20% | Bitcoinist.com

Lockchain (LOC) is the only Blockchain company that has been aiming and succeeding at providing people with statistically significant discounts from booking prices.

This European company is quickly gaining traction by providing their clients with a workaround for the exorbitant commissions that increase the hotel prices (+20% on average) offered by booking oligopolists such as Agoda, Booking.com, and Airbnb. Just recently, the team at Lockchain announced that they were able to successfully cut hotel prices all over the world by an average of 20%, sometimes even more. It seems like Lockchain is not only talking the talk, but walking the walk as well.

Now that they’ve succeeded in gaining a significant amount of the entire industries’ hotel and property portfolio, it’s time to put their promises to a fair analysis. Cutting out middlemen and intermediaries, they’ve promised to be 20% cheaper than any of their current market competitors. Let’s do some price analyses and see how well they are performing so far. All results are based on the data in the following spreadsheet, which is open for anyone to peer review. More than 800 hotels are compared in the document, divided over Asia, Europe and the United States of America. Hotels that are rated 5, 4 or 3 stars are included. Point of view is based on Booking.com’s cheapest room, then compared to Agoda and Lockchain. In their figures, they use the average of all hotels listed within one city or region.

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Blockchain-based Airbnb Rival Cuts World Hotel Pricing by 20% – Bitcoinist.com.