Smart Contracts for Hotel Booking: Eliminating Intermediary Fees

OTAs charge commissions ranging from 15% to 30% per hotel booking. Decentralized travel systems are using smart contracts to cut out these middleman fees. A smart contract executes automatically when booking terms are met.

Direct and Immutable Bookings

The contract holds the guest’s deposit in escrow and releases it to the hotel upon check-in. If the guest cancels within the cancellation window, the refund is executed automatically. This direct system reduces commission fees to under 1%.