EZYSTAYZ: TRANSFORMING THE HOSPITALITY SECTOR
The world keeps changing from generation to generation. Before the age of computers, lodging services were mostly carried out in hotels or inns. The introduction of internet birthed online hospitality service like Airbnb that makes it possible for individuals to put up their apartment for temporal accommodation.
The importance of tourism cannot be overemphasized as it is very important to every economy and its benefit to host countries contributes to the overall GDP of the country in terms of job creation and infrastructure. A very important aspect of tourism is accommodation for tourists and visitor.
Booking a property or renting a hotel room online seems like a very easy way to make travelling to a new place pleasurable but do you know most online booking goes through either Expedia or Booking.com creating some sort of monopoly that justifies the high commission these booking sites charge. AirBnb has changed the hospitality sector by providing access to accommodation for many people through an internet-based platform but there is a pressing need for the adoption of a new model that will address the weaknesses of its mode of operation.
These challenges and more are what EzyStayz will solve using blockchain technology.
WHAT IS EZYSTAYZ
EzyStayz is a marketplace for people, hotels and property owners to list, discover, and book unique accommodation properties around the world. EzyStayz is a functioning platform that provides a way to rent or list rental properties in 34,000 cities and 190 countries worldwide without any of the regulatory burdens associated with it at a very low cost.
EzyStayz also employs blockchain technology to create marketplace that connects travellers and hosts through a smart contract platform that is decentralized, immutable, and transparent, rewarding both the property owners and travellers/tourists. Unlike other platforms, EzysStayz is a very secure platform that prioritises customer privacy and the cost of transaction is low. It has the potential to dramatically reduce transaction costs from business as usual, is secure, and protects customer privacy.
EzyStayz blockchain-based platform uses its own native token called EZY TOKEN which is already trading at Foblgate Exchange and it aims to give its crypto holders direct access to the short and long-term vacation rental opportunities globally.
BENEFITS OF EZYSTAYZ
EzyStazy hopes to change the hospitality sector by continuing to implement innovative technology that supports both the sharing economy and expanded tourism. Furthermore, both the renters and hosts can rely on its secure marketplace with an already thriving platform used by travel industry hosts and people looking for vacation rentals in 195 countries. In EzyStayz, the different stakeholders will benefit immensely;
HOSTS:
As a host or property owner registered with EzyStayz, you have a secure access to the huge market in the hospitality sector that has been largely monopolized by big hotel chains that are in partnerships with tour operators and travel agencies. Also, securing a listing for a property on a blockchain-based platform offers exposure to a global market and opens a new revenue channel for property owner, hotels, and landlords. In terms of security, EzyStayz offers a multi-layered system for verification of tenant/renters details.
RENTERS:
EzyStayz makes it easier for people to access affordable accommodation by using the EzyStayz website and app to search for suitable properties by entering details such as place and duration of stay because all user preferences and search strings will be saved in the database.
As the demand for real-time vacation real estate listing formation grows, EzyStayz takes a holistic approach by offering better services that make life easier for renters as well as hotels and landlords.
The utilization of blockchain technology and smart contracts by EzyStayz to solve the major drawback of Airbnb, HomeAway and other property sharing sites is just one of the many technological breakthrough and features of the project. Others are;
· First blockchain technology that allow targeted marketing on a P2P level
· Smart contracts generation and customization with ease
· Integration of identity tokens and Smart contracts
· Elimination of trust issues
· Decentralized direct payments on a P2P level
· Ability to generate customized targeted searches for tenants resulting in faster searches, higher probability of renting and better ROI for both hosts and service providers
REVENUE MODEL
EzyStayz platform provides free access to all the basic services needed to place a booking. Hotels and property owners can also choose a paid subscription to the premium features offered by EzyStayz. The essence of the premium feature is to improve the booking experience and to increase their booking rates or simplify their processes. The subscription fees is usually less than 3% which is insignificant when compared to the traditional ones.Other sources of Revenue for EzyStayz can include:
· Rental Fees: When a reservation is confirmed, we charge guests a service fee between 5% and 15% of the reservation subtotal. Guests see this fee on the checkout page before they book a reservation.
· Host Fees: We charge hosts a service fee (no taxes) every time a booking is completed. The amount of the host service fee is generally 3%, but may range between 3–5% depending on the cancellation policy selected by the Host.
· Featured Properties Showcasing: EzyStayz charges showcasing/advertising fees for homeowners who choose to be featured on the site.
· Exchange fees: EzyStayz will charge 1% fee for exchange into or out of EZY token
· Professional Listing Fees: For homeowners that want professional photoshoot there will be a team in each city (outsource) to prole the property. Chargers differ per country.
Source: Whitepaper
ROADMAP
April 2017 Private Investment raised of more than 1.5 million dollars EzyStayz Product Development begins.
April 2018: EzyStayz launches MVP Web responsive.
June 2018: EzyStayz launches Web IOS App.
Sept 2018: EzyStayz launches Android App.
Dec 2018: Focus on host acquisition — 44,000 Listings in 60 countries achieved. We are adding 500 new listings per week, meaning a growth of host value of 50k-90k USD per month. With unique we mean that these are not coming through any channel partners making them more or less exclusive on our platform.
Jan 2019: Start building EzyStayz 2.0 large focus on hotel market.
Feb 2019: Initial Discussion for EZY token, the Ezystayz token. A Travel Industry token with the true power of Blockchain
March 2019: Development of EZY Token and Dapp Functions
June 2019: Development of EZY Wallet
July 2019: Development of Ezystayz channel manager open API on the blockchain enabling us to connect to massive databases of properties and hotels
August 2019: Partnership and integration with the 1st Channel manager giving Ezystayz access to 400.000+ new properties worldwide
Sept 2019: Partnership and integration with the 2nd Channel manager giving Ezystayz access to 500,000+ new Hotels worldwide
Nov 2019: Partnership and integration with the 3rd Channel manager giving Ezystayz access to 175,000 hotel properties
Dec 2019: Partnership and integration with the 4th Channel manager giving Ezystayz access to the biggest database of hotels in the world
Jan 2020: Partnership and integration with the 5th Channel manager giving Ezystayz access to APIs to nd and book hotels including retail and negotiated rates from over 400,000 properties around the world
Feb 2020: Development of Travel Casino allowing customers to win EZY travel tokens
April 2020: EzyStayz listing on Foblgate Exchange
May 2020: Partnership and integration with the 5th Channel manager giving Ezystayz access to APIs to nd and book hotels including retail and negotiated rates from over 400,000 properties around the world
June 2020: Release of the EzyStayz Credit Car so Hosts and Travellers can use their EzyStayz tokens for payments and Book Accommodations and more.
July 2020: Acceptance of the EzyStayz coin as a new form of payment making it one of the very few OTA’s accepting crypto and accessing trillions of dollars
Oct 2020: Reach 4500 bookings and a net revenue of 260000 USD (before marketing cost)
Feb 2021: EzyStayz will launch its property management marketplace which will help hosts management of guest arrivals, professional cleaning, around the clock assistance, cooking services and more. The feature will be built on the blockchain and connect service providers & EzyStayz members with hosts requirement.
Mar 2021: 760,000 bookings, 48M USD net revenue (before marketing cost), conversion rate increase from year one with 0.4% & average customer acquisition cost decreased with almost 30%
Source: Whitepaper
Website: https://io.ezystayz.com
Medium: https://medium.com/@gaimin
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Telegram: https://t.me/EzyStayzofficial
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