EzyStayz token: booking holiday for cryptocurrency is now a reality
Holiday rental, a key sector of the hospitality industry, has grown tremendously in the last years. According to 2017 statistics, the global vacation rental market is worth an estimated 130 billion USD. This growth can be attributed to the increasing preference of various properties (such as apartments, private homes, holiday homes, cabins or chalets) as short-term lodging options among tourists and travelers. However, the holiday rentals market is highly centralized, dominated by a few prominent vendors such as Airbnb, Expedia, Booking.com, FlipKey and TripAdvisor.
EzyStayz is made to provide your convenience and flexibility in planning your vacation, hotel rental and traveling. In fact, EzyStayz is designed for traveler lovers by providing highly sophisticated features and not forgetting by minimizing your costs so you can enjoy your vacation comfortably, quietly, easy and cheap but high quality.
EzyStayz is the first Australian-based global holiday rental platform based on blockchain technologies. Its main goal is to provide people with affordable accommodation on a global scale. Implementing the core principles of the blockchain such as immutability and decentralization, EzyStayz provides:
- Property owners — with a seamless and low-cost way to rent their accommodation.
- Travelers — with a quick way to find a place to stay on a holiday without paying to numerous intermediaries.
The core innovation of the project implies connecting these two global sides of the market directly eliminating the need for third parties and thus reducing operational costs.
EzyStayz has over 155,000 property listings and covers 34,000 cities in 190 countries where it has received regulatory approval for business operations. The project has raised 1.5 million USD in the private funding and now aims to conduct a public token sale.
Introducing EzyStayz
EzyStayz is a trusted community marketplace for people to list, discover, and book unique accommodation properties around the world. Our aim is to give crypto holders direct access to the short and long-term vacation rental opportunities globally.
EzyStayz run a fully functioning platform that provides a seamless, quick, and low-cost way to rent or list rental properties with Access to 1 Million+ Accommodations worldwide. Villas, Apartment, Hostels and more. The development and launch of a native cryptocurrency associated with EzyStayz will introduce a layer of decentralization borrowing from the crypto sector and allow end customers and property owners to deal with each other on the platform without any fee or commission.
Market Potential
The global vacation rental industry is a market of nearly US$130 billion as of 2017, which accounts for 18.1% of the global vacation lodging market. This is a fast-changing industry posed for exponential growth. The short-term vacation rental market is one of the most attractive segments in the real estate and property management sector. HomeAway, an online marketplace for vacation rentals, reports an increase in listings 44% since 2009. Real estate agents, property managers and independent property owners are all competing for a piece of this pie. However, there are associated risks as well as rewards with accessing it both for home owners and tenants.
In 2015, the global travel industry generated US$5,880.4 billion in revenue. By 2020, this figure is projected to reach US$8,736.1 billion. The hotel sector accounts for 14.1% of total industry revenue (US$716.4 billion in 2015), making it the second largest segment of the travel industry.1
The global travel and tourism industry is one of the world’s largest industries with a global economic contribution of over US$7.6 trillion in 2016, but it’s been dominated by large intermediaries with Expedia and Priceline alone representing 95% of the industry market in the US. And with the rise of the so-called ‘sharing economy – the short-term vacation rental segment is transforming an industry that is overly conservative, rigid and over-priced by offering a democratic, transparent, decentralized solution to this issue. The integration of blockchain technology is the next logical step to eliminate the unnecessary costs imposed on consumers by brokers and intermediaries by removing layers of intermediation.
Why blockchain integration in EzyStayz?
EzyStayz is the first among online travel agencies (OTA) to make us of the blockchain technologies in order to drastically improve the business process performance.
Moving the business operations to the blockchain provides the market with the following benefits:
- Transparency, traceability and security of all operations
- Trustless verification of online data
- Tamper-proof and irreversible transactions
- Instant transactions with low fees
- Reduction of third-parties to govern the deals
Capturing the Market
For the sharing economy to continue to thrive, a new model must disrupt the status quo. Through decentralization and tokenization, EzyStayz will create benefits for early adopters and token holders, thereby aligning user incentives toward further growth of our network. By embracing cryptocurrency culture, we will be able to position an already successful and profitable home sharing model within a market that has already exceeded US$150 billion.
This is why our goal is to launch a decentralized engine in combination with a user-friendly marketplace - fully integrated to the platform as an immediate proof of concept. With an already thriving platform used by travel industry hosts and people looking for vacation rentals in 34,000 cities and 195 countries, the move towards a decentralized ledger will bring a host of benefits for all users. EzyStayz 2.0 is the next step in delivering on our promise of providing accommodation deals, value-added services for hosts and travellers, and travel and tourism related listings, at far less expense than the online travel agents who currently occupy the space. We will achieve this by eliminating the need for payment processing middlemen through the utilization of more advanced and affordable blockchain technology and by integrating that technology with an immediately accessible marketplace that will directly compete with the established market leaders.
Modular Features
The EzyStayz platform is designed with beneficial components equipped with the infinite potential of internet for scalability purposes. It has been reported that realty software increases the accuracy and maximizes the profit. Landlords and tenants can greatly benefit from the modular features of cloud based property listing software. Landlords with multiple rental properties find real estate management software as extremely useful. Blockchain-based real estate management software offers myriad benefits to the landlord, tenant, and property management firm. The feature of comparing different property units adds elegance to the credibility and reputation of property listing management software.
The benefits of EzyStayz smart contract
The smart contract developed by EzyStayz specifically for its platform will govern the relations between travelers and property owners. It will cover such user actions as:
Agreements between the hotels, property owners and tenants
Authentication and identification of smart-phones, other devices & users
Virtual contract execution and verification
Processing secure payments
Etc.
Since all the operations will be verified on the public blockchain, the participants will get the benefit of transparency and the immutability of money transfers. At the same time, they will remain private as only authorized parties will be able to monitor the deals.
About EzyStayz :
Website : https://io.ezystayz.com/
Instagram : https://www.instagram.com/ezystayz/
Twitter : https://twitter.com/ezystayz2014
Telegram : https://t.me/EzyStayzofficial
Medium : https://medium.com/@ezystayz
Youtube : https://www.youtube.com/channel/UCDvQOHa-9pwh_PEEsgjsFWQ/featured
Whitepaper : https://io.ezystayz.com/#/whitepaper
Writers By
Bitcointalk Username : heheyama
BitcoinTalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2376481