Blockchain awards for travel, tourism and hotels to make a lasting impact

September 9, 2018 Blockchain

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Blockchain-Enabled-Rewards-Set-to-Be-a-Major-Disruptor "title =" Blockchain-Enabled-Rewards-Set-to-Be-a-Major-Disruptor "/> </div> <h2> Blockchain-enabled awards Set to Be a Disruptor Major </h2> <p><strong> Loyalty programs </strong> are one of the tools that companies use to ensure customer returns.Most companies, including grocery stores, restaurants, and clothing stores aim to rewarding customers to encourage them to return for further purchases </p> <p><strong> The trip </strong> which is currently worth about $ 8.7 billion, is full of loyalty programs. In 2017, it posted online sales of $ 630 billion. By 2020, sales are expected to reach $ 817 billion, so it is logical that all brands in the industry want to increase their piece of cake. </p> <h3> Why customers participate in loyalty programs </h3> <p> Some customers choose to show loyalty at one airline company, a group of hotels or a company car hire since they want to get the benefits, which comes with the increase through the ranks in a professional loyalty gram. For example, some hotel brands will offer late check-out to customers who have reached a certain level of status. </p> <p> Other customers <em> participate in a loyalty program because they can get discounted or free points and services </em>. Regardless of reason, loyalty programs are meant to increase sales and increase the feeling of goodwill towards a brand. </p> <h3> Current status of loyalty programs </h3> <p> In 2016, customers in the United States held 3.8 billion loyalty subscriptions. This is a growth of 15% compared to 3.3 billion in 2014. The irony is that customers could earn loyalty points from brands that they rarely use. </p> <p> The result is that $ 360 billion loyalty points are lost each year. It is about 48 trillion points. Part of the challenge of having multiple loyalty programs is that many customers fail to track who they reward. Also they are not able to track the number of points they have and when they will expire. </p> <p> Many weaknesses are to blame for current problems with reward programs <strong> </strong>. This is especially true in the travel industry. A recent survey found that half of the people said they did not know how to earn or redeem the point from frequent flyer programs. Beyond that, three quarters of loyalty members in the airline industry prefer to save points. Later, they can redeem them for huge rewards. </p> <p> However, it will take years to secure enough points for that dream trip. This is because the reward prices are always on the move. Some loyalty programs allow you to transfer points to travel partners. However, current systems are often complex. Require customers to contact customer service to transfer these points. </p> <h3> The Blockchain Solution </h3> <p> One of the best technologies to deal with problems in loyalty programs is the blockchain. With this technology, rewards programs become tradable, easy to track and convertible into <em> cryptography or fiat </em>. A big advantage of the technology is that it opens the travel market to cryptographic space. </p> <p> The blockchain <strong> </strong> will bring freedom to this sector. Users will be able to have all their points in one portfolio. <em> The sector of loyalty programs is complex </em>. However, it can be simplified with the use of crypto. </p> </div> <p><script> ! Function (f, b, e, v, n, t, s) {if (f.fbq) return; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.push = n; n.loaded = 0 ;! n.version = & # 39; 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async = 0 !; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, & # 39; script & # 39 ;, & # 39; https: //connect.facebook.net/en_US/fbevents.js&#39;); fbq (& # 39; init & # 39 ;, & # 39; 221121771715296 & # 39;); // Enter your pixel ID here. fbq (& # 39; track & # 39 ;, & # 39; PageView & # 39;); </script></pre> </pre> [ad_2]<a href=Source link

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