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Empire Hotels “Will Change the Hospitality Industry”

The State of Hospitality

Hospitality is one of the oldest and most persistent industries to exist since early civilisation (such as the inn at which there was no more room).

For the hotel sector in particular, increased accessibility of travel via increasingly lowering prices in the face of inflation has only served to increase the demand for accommodation worldwide. Recent studies have concluded that the largest geographic markets by hospitality sector account for 37-38% market share.

The conventional nature of hospitality has often been opposed to technological change and integration (much like with restaurants) and as such, we have seen little in the way of blockchain developers who attempt to cater to the industry’s requirements. This is an issue which Empire Hotels seeks to resolve.

Benefits of Empire Hotels

According to Renato Dimarzio “The hospitality industry nowadays is mainly centralized, which leaves the user database unprotected. The use of blockchain brings an alternative for the consumer.” Furthermore, “blockchain prevents double booking and it is the safest way to keep user data”.

Other problems cited by Renato (as well as the brand’s site and whitepaper) include the high administration fees charged by many of their competitors: like booking.com, hotels.com and Kayak – ranging between 10-25% of final cost. By comparison, the fees incurred by Empire Hotels will be “be as low as 3% in crypto and 8% in fiat”.

When asked regarding the fundamental objectives of Empire Hotels, Renato Dimarzio summarized the company as “a blockchain based platform that will provide many services: starting from choosing and booking the hotel, through to the end of the stay.”

How it Works

Empire Hotels is creating a mobile app which offers features such as checking in and out, spending bill updates, room temperature control, hot-tub heating and more – with the aim of increasing efficiency in spite of cultural or language differences. Another is the ability to facilitate cross-border hotel booking and payment transactions.

Renato Dimarzio is no stranger to hospitality, having been a regular traveller in his previous career as a self-described entrepreneur as well as a decade of experience in the property sector. This contributes to “A strong eye for details” as well as the inspiration for the product itself.

The primary source of income the company hopes to generate comes from the sale of promotional packages to hoteliers as well as hardware, on-boarding them to the service and encouraging adoption through the offer of free advertising.

Empire Hotels and Regulations

Renato Dimarzio is a “Brazilian born and London based entrepreneur. Being in London since I was 16”. The company is also based in London yet it is registered in Switzerland, a choice made “because it already had a sophisticated set of regulations in place for crypto/blockchain companies.”

Like the distributed computing of blockchain technology, the headquarters of Empire Hotels (like many others involved heavily with crypto – such as the flight of Chinese blockchain enterprise to Hong Kong, Taiwan, and Singapore) is transient and doesn’t require permanence in any one location.

Also for regulatory reasons, Dimarzio and Empire Hotels have recently “had several amazing discussions with Bahamas government which plans to be the next Malta in the space by introducing a more reliable set of pro cryptocurrency regulations.”

Whilst the hotel and hospitality industries have been threatened by workforce problems in the UK as a result of Brexit, cryptocurrency companies have enjoyed something of a free reign of operations during the secession period.

Despite this, the government has increased attempts on regulation with the FCA (Financial Conduct Authority): establishing a ‘Cryptoasset Taskforce’ and proposed consultations regarding the prohibition of derivatives sales.

Now and Future

Renato lists a variety of key partnerships in our discussion. For security the company is working alongside Netverify (which “helps to prevent fraud. fake or stolen ID usage”). Others include Accubits, who “is actually pushing [Empire Hotels] out to the market” and AppInventiv: an “app development company, based in India”.

Empire Cash (EPMC) is the token which Empire Hotels has produced to settle payments for services as well as distribute rewards “and won’t be subject to processing overheads”. It is an Ethereum based ERC-20 token with a total supply of 367,200,00 EPMCs and an ICO public sale which begins mid-November. According to the website “All tokens unsold during the Token Sale will be burned.”.

The service interface will be available to customers through a mobile app for Android and iOS, with a fully operational 1.0 launch scheduled for launch December 2018 (and subsequent launch of a payment platform by February 2019). When describing the app, Renato described it as follows…

This app is currently in beta mode for a select number of participants with plans for continuous improvement post-launch based on customer and hotel feedback – as well as data insights.

For more details about the TokenSale, Visit: https://empirehotels.io

Join Empire Hotels on:

Website: https://www.empirehotels.io/
Whitepaper: https://www.empirehotels.io/docs/en/whitepaper-en.pdf
Twitter: https://twitter.com/empirehotelsapp
Telegram https://t.me/empirecash
Facebook: https://www.facebook.com/empirehotelsapp
Instagram: https://www.instagram.com/empirehotelsapp
Youtube: https://www.youtube.com/channel/UCsSnBBk4StaGk1hsu-SQeVw
Linkedin: https://www.linkedin.com/company/empire-hotels-app


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Empire Hotels “Will Change the Hospitality Industry” Empire Hotels “Will Change the Hospitality Industry” Reviewed by haw on February 27, 2019 Rating: 5

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