Entravel - Hotel Discounts Paid in Crypto: What You Need to Know
Real-world Crypto Use Cases, Hotel Booking Discounts, & More
Only recently have we started to see more of a shift in attention to blockchain use cases beyond speculation and geared toward more genuine products. Even just embedding stablecoin payments within e-commerce and other platforms can improve UX and reduce expenses, yet crypto’s potential in this area remains mostly untapped.
Entravel tackles this problem head-on, providing a crypto-native hotel booking platform that accepts stablecoins. With South East Asia Blockchain week going on right now, and Token2049 Dubai kicking off at the end of the month, there’s always a conference around the corner in crypto. Entravel exists as one of the few projects building a product with a use case completely detached from speculation, using crypto rails to better serve an industry that has significant real-world demand.
In today’s edition, we’ll discuss Entravel, the crypto-native hotel booking platform that provides utility beyond its crypto component. Entravel not only allows users to pay for their bookings with crypto, but the platform is also able to provide massive discounts compared to what is typically available on mainstream booking sites…
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Background on Entravel
Entravel is a crypto-native hotel booking platform offering private members access to discounted rates at over one million hotels worldwide. Entravel is unlike most crypto projects in that it isn’t competing with other blockchain-based entities, it’s competing with Online Travel Agencies (OTAs) like Expedia and Booking.com. Entravel sets itself apart in 2 main ways that our readers might appreciate:
Paying with Stablecoins: Crypto promises borderless, fast, and low-fee transactions, making it a natural fit to simplify travel payments. The benefits of paying with crypto go beyond just convenience for crypto natives, there are behind-the-scenes operational efficiency gains that are also relevant, something users don’t often think about but still are affected by. A smoother payments process also helps to enhance the platform’s overall UX and user flow, just adding to the booking and checkout experience for users.
Savings: Entravel is able to pass on massive savings to its users. When compared to mainstream booking platforms, Entravel’s cost savings is on average 30%. This makes Entravel extremely attractive, whether users pay in crypto or not.
Using B2B wholesale rates and low flat markups, Entravel consistently offers some of the cheapest hotel rates on the market–this is Entravel’s competitive advantage. In head-to-head comparisons, Entravel often undercuts major OTAs by significant margins.
To provide some specific examples, a stay at the Waldorf Astoria Las Vegas was priced at $400 on Entravel vs $838 on Booking.com and over $1,050 on Travala. In Dubai, a room at the Mövenpick Al Bustan was listed at $220 on Entravel, whereas Booking.com showed $716 (plus taxes) and Expedia over $1,500.
These differences of 20-60% in savings are not one-offs. Across a broad basket of luxury hotels in various destinations, Entravel’s prices were consistently below those of Booking, Expedia, and even its crypto competitors, Travala and TravelSwap. Entravel is able to operate without taking 15% commissions, which are common among traditional OTAs.
Entravels' discounts and crypto hotel bookings are for members only, on an invite-only basis.
You can secure your invitation below and join Entravel’s platform today.
The next step for Entravel will be to increase its distribution to more users. The team is focused on this area of the business, even partnering with Bybit to give exchange members access to Entravel, with an additional 6% discount for Bybit cardholders. This is a crypto-native version of the tactics seen with payment processors and airlines working together to provide mutual value for users…
Overall, Entravel might be one of the first crypto projects building a service that is distinct from the onchain speculative ecosystem that most applications and infrastructure are involved in. The platform takes a proven product, hotel booking platforms, and simply employs crypto to provide a better product without building its entire identity around crypto.
This cycle, we’ve seen many applications become extremely profitable, a first for crypto. The next stage in this evolution may be for platforms like Entravel, which provide a valuable service even excluding its crypto integrations, to become a large chunk of the onchain economy.
Disclosures
Alea Research is engaged in a commercial relationship with Entravel as part of an educational initiative, and this newsletter was commissioned as part of that engagement.
This content is provided for educational purposes only and does not constitute financial or investment advice. You should do your own research and only invest what you can afford to lose.
Alea Research is a research platform and not an investment or financial advisor.
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