Tryvium – A platform Online Travel

Tryvium is delivering practical solutions to the housing and hospitality market by implementing blockchain infrastructure in the system. This will be achieved with the help of a peer-to-peer networking system to rule out the intermediaries of the system. The decentralized infrastructure allows a direct host to client connection to facilitate the short-term property leasing market.

A significant proportion of Online Travel Agencies are taken over by the industry giants Expedia and The Priceline Group. They also have their influence on the metasearch sites such as Trivago or Kayak. The organizations have acquired a significant portion of the client base and came ahead as the industry giants ruling the Wall Street.

The market is however concerned with increasing saturation in the OTA market. Booking.com had a market share of 39 percent in 2013, which has since grown further still and now there are reasons to believe 60 and 70 percent. Expedia and Hotels.com (an Expedia group) holding the remaining share of the online market.

The market is in a desperate deficiency of a cost-effective, reliable alternative to the existing business model. The commissions charged by these OTAs can range from 15-25 percent of the value of total stay fare. Moreover, In the European Union nations VAT charges are added to these commissions rising them up to 18-33 percent. Booking.com further supplements these commissions by asking hotels to pay for preferential placing – typically a further 3 percent.

Benefits For Travelers

Using the intuitive and user friendly feature of the Tryvium booking platform, travelers can book everywhere in the world with 0 fees. The travelers get to choose from a wide variety of hotels and various accommodations with the lowest fare on the market. For every 50euro spent on the platform, the user will receive 50 Tryvium tokens as a reward and this amount can be used for your next travel or can be accumulated.

The platform encourages the clients to use the platform consistently. This will be managed by awarding frequent users of Tryvium platform their platinum card. The platinum card will include the following two services:

Double tokens earned during your trip
The platform users enjoy premium features like early check in, late check out (wherever available).

Benefits for Hotel Owners

Tryvium is set to deliver an all in one solution to meet all your requirements as a business owner. The platform gives software assistance for hotel management.

Smart manager property software.
Booking engine and channel manager at the lowest market fare 19.90 Euro for a month.
Hotel owner will pay 8% fees on a room sold instead of 20% or more applied by competitors such as Expedia.com, Booking.com.
24/7 hotel support specialist direct line.

The plan will include:

Property manager software with a full integrated reservation system. This will function as the heart of your business where directly with one click you can keep everything under your control and in the real time. You get to choose your price lists, rooms availability, reservations, invoicing, and get immediate sale reports.

All reception and administration activities are integrated to guarantee the best synergy.

Channel manager This will enhance integration with the industry giants like booking.com, Tripadvisor, Holiday Lettings, Expedia, eDreams, Agoda, and Airbnb.

Booking Engine our smart booking engine is well integrated into our all in one solution, our online system will integrate with more than ten website builders and with several gateway payment channels by automating all reservation tasks you will receive in real time date availability and quotations cancellations, modifications, automatic confirmations.