Crowdvilla aims to provide true sharing of its global portfolio of hotels and holiday properties on the blockchain. Based on the concept of the common good, Crowdvilla’s community pool their resources to acquire properties together for their shared use.
The portfolio would ideally occupy the casual luxury segment that has broad appeal to internationally mobile businesses and holiday travellers.
Crowdvilla will operate as a non-profit organisation (NPO) which combines blockchain technology and real estate tokenization to provide attractive key features to its community and users.
Crowdvilla is a member of the accommodation segment of the travel and tourism industry (T&T), which is a behemoth of the global economy. According to the World Travel & Tourism Council2 (WTTC), the T&T sector had a global GDP impact of US$7.6 trillion in 2016, of which about one-third (US$2.3 trillion) was its direct contribution. The World Bank3 data shows that international tourism receipts have already increased by around 30% from US$1.1 trillion in 2010 to US$1.4 trillion in 2015.