Tratok Launches Global Rewards Program for Travel and Tourism Industry
Consumers will benefit from a 3.5% rebate program that will not be exclusive to one single-chain and encompass all service providers.
LONDON, May 15, 2018 (Newswire.com) - Tratok Ltd has today announced the implementation of a viable industry-wide global rewards program. By leveraging blockchain technology to power transactions, use of the Tratok token enables service providers to offer competitive prices to service consumers, while at the same time increasing profitability. In addition, participation in a truly global rewards program which offers attractive loyalty rewards serves to encourage repeat business and be constructive for the overall health of the sector.
This reward program will apply to all stakeholders who use the Tratok project’s purpose designed and multi-platform application for all their travel and tourism needs. While current clauses mean that providers are not allowed to offer lower prices than on existing platforms, a lower fee and rebate program means they can show the same price and pay less than 4% in fees rather than up to 15% as is the case with current agreements with price aggregators. At the same time, consumers benefit from having lower transaction costs, enjoy an attractive 3.5% rebate that isn't unique to a single chain and lose their vulnerability to foreign currency exposure and delays with refunds.
The Tratok token is a unique token which will be used on the Tratok Travel application to make bookings for travel and tourism services. Be it reserving a hotel room, booking a flight or renting a car, this multi-platform application will result in more economical, hassle-free arrangements for clients and service providers alike. By using blockchain technology to disrupt the existing business model, Tratok offers significant advantages over existing conventional platforms. Principally, it lowers transaction fees, eradicates the need for middlemen, saves time on bookings and results in more profit for service providers and savings for consumers. With stakeholder experience as the main priority, the Tratok project seeks to revolutionise the USD 7.6 Trillion travel and tourism sector and set a new standard.
Source: Tratok Ltd