Nowadays there are lots of competition in the online hotel booking industry. so who are the main opponents of GOeureka in Online Hotel Booking Industry?

As much as I know, GOeureka platform is a Technological innovation in Online Hotel booking industry. What is It's Technological overview?

The team is absolutely amazing and they have been working on GOeureka, very strictly and dedicated. I have tracked the records of various members of the team and I can say that they are incredibly professional. GOeureka’s reputation speaks for itself and is strongly supported by various facts and by the real business model that works every day. By investing (cryptocurrency) in the project you can be 100% sure of the reliability of your investment, as you invest in the business with real assets and real people.

In this app, Hotels and customer accounts are shared between the website and the app. Customers can register and download the GO App to enjoy its features. For the first time, the hotel customer’s journey remains uninterrupted. The GO App ensures that hotel customers are looked after from the time of booking to the duration of their stay right until check out and payment.

Hotels now rely heavily on OTAs for online sales. The increasing influence of OTAs over hotels has had severe effects on hotel margins, especially for smaller hotel brands. While larger hotel chains are able to negotiate lower commissions given their global exposure and market strength. Independent brands face OTAs commissions as high as 30% of the room fee. At that time Hotels had not any other option to get the business.

Blockchain can also reduce the cost involved in legal paperwork and manual assistance drastically as smart contract offers automation process for documentation. A lot of things are still done manually in small hotels but with automation, they would be able to efficiently manage their bookings. For example, customers may request to book the hotel room temporarily, and then fail to cancel it, leaving the hotel with a profit loss. The collection of unsettled debts is too expensive and labour-intensive for small businesses like independent hotels. With smart contracts, the Blockchain is adding another source of more efficient and legally binding processes to the market. A travel platform can include in their terms and conditions that its smart contracts are binding for all users.

And If we talk about the income of Trivago, There is no fixed commission for Trivago sales as it’s basically a form of advertising based on real-time price comparison. The first is commissions from hotels listed on Trivago sites, which is called referral revenue. This revenue is earned when users click on a particular hotel from the search results.

The rise of online travel agencies illustrates the value of utilizing new technologies to interrupt industries. These agencies have a massive advantage over the hotels since they can offer low rates and options to consumers. Nowadays revenues are developing and growing than ever before, and this has had a direct effect on the hotel industry.

Prizes include:

First Prize– Free hotel stays, covered for a LIFETIME

Second Prize- $10,000 in GO credits

Third Prize- $5,000 in GO credits

Consolation Prize for 500 Lucky Winners– One-night free hotel stay

The App will launch with the check-in, hotel app services, room key features, Fiat currency payments, and loyalty points tracking. All other features will be built according to the road-map below: Road map

December 2017 — February 2018

Development of MVP and smart contract
Presale of GO Tokens
March-August 2018

The launch of GO Token Sale
Development of App and Booking website
Marketing and connecting with potential partners
September — December 2018

The launch of the product Beta test with partner hotels
Product market launch
Development of loyalty points
GO platform to launch and accept bookings
The launch of the digital marketing campaign and customer acquisition program.

As per their website, They are about to launch in Q4 of 2018. The complete development of the GO’s platform will be its top priority and earliest objective. Essential features will be built for the earliest possible launch of GO’s fully functional platform, which shall be expanded later on.The Beta launch of GO’s platform will include the re-booking feature, integration of hotel systems and loyalty program subscriptions for the website.

i wander that how will the replace booking.com, make my trip and other OTAs present in the market as they do all the things on behalf of people will GOeureka be able to provide that service?

Today I was surfing on Google then I came to know, GOeureka is among the first in this space to trial bookings using blockchain technology through smart contracts on Ethereum, which is made possible, in part, due to its huge existing infrastructure of available hotels. GOeureka has amassed an impressive Board consisting of C-Level executives from Ac-cor Hotels and Agoda, among st others in the global hotel industry. The number of hotels bookable through GOeureka (400,000) is rapidly expanding, giving it a significant edge over competitors, both in and out of the block chain world.

As a technology partner to resorts, GO intends to provide a straightforward web and application knowledge to users without the high fee constructions imposed by current OTAs. By reducing the economic commitments of resorts to third-party reservation systems, GO will allow hotels to focus more resources on providing better intrinsic customer and value service Little hotels either have to increase their price per space or be obligated to reduce their profit margins to survive in an OTA-controlled environment.

As I Read there white paper I found that there Roadmap is quite fascinating and if they work as per there planned way then definatly they will get the best results.I am here sharing there Roadmap as you requested.

From December 2017 to February 2018
Develop MVP and Smart Contract
GO Pre
Sales Tokens March-August 2018
Launch GO Code Out website
development and booking application
Marketing and connection with potential partners
September-December 2018
Beta test launches products related to hotels
launches market products
loyalty point of development
GO platform to start and accept placement
Launch marketing campaigns and attract digital customers
2019
Building partnership with major hotel corporations
Develop loyal followers with the integration of vBulletin
Development of many cryptocurrency payments
2020
Expand the loyalty network in all industries
has a wide range of global markets
develop a loyal blockchain network
Great customer analysis and data analysis

As we all know that total hotel booking Industry is depended on OTAs. Why are hotels reliant on third-party booking sites? What is an alternative for it?