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Rana Mukherji

Founder and CEO - Hotelier Coin

About

Rana has been managing, operating and running luxury hotels across the Dubai, India, Canada, Kenya and South Africa for nearly 20 years. He has worked with some of the leading brands in the hospitality industry, including Marriott, Regent International by Carlson Hospitality, and Fairmont Raffles Hotels International. Most recently, Rana served as the General Manager Hospitality for IFA Hotel Investments and spearheaded a Bespoke Hotels Middle East & Africa joint venture.

Fascinated by the enormous potential that blockchain brings to the hospitality industry, he decided to create Hotelier Coin on a mission to rethink the industry, challenge ineffective processes and find solutions to the plethora of challenges he encountered over the years.

Rana is also an Associate Partner - the Middle East for DigiMax, a Canadian blockchain publicly traded company.

Hotelier Coin - The Borderless Hotel Currency, Synchronizing the Hospitality Industry.

Executive Summary

Every day, hotel owners, service providers and guests around the globe find themselves immersed in a hospitality industry that hasn’t changed in decades. Endless moving parts, inefficient processes and high fees can turn the most promising of experiences or business opportunities into a true nightmare. It is an all too familiar reality for Hotelier Coin’s team of hospitality experts, a reality that they are ready to disrupt.

Hotelier Coin is a blockchain-powered 360° solution created by a team of hospitality, blockchain, fintech and innovation experts who joined forces with core partners to build a revolutionary platform, decentralized application (DApp) and currency (HOTEL-HTL) that, together, will synchronize the entire hospitality industry and provide value to all stakeholders.

Hotel owners, service providers and travelers can finally come together in a single platform with no middlemen, high fees or lack of efficiency. All stakeholders in the sector starting from travelers, crypto-investors, hospitality owners and operators, to wholesalers, corporate buyers, suppliers and service providers are seamlessly connected.

For the first time, hotel room nights can be traded as a commodity in a secondary hotel room marketplace with an ask and bid process and smart contracts that will simplify negotiations. Hotels can finally outsource specialized services on demand. Travelers and hotel owners have access to an unparalleled loyalty program where both receive instant cash back in HOTEL-HTL tokens -- and this is just the beginning.

Objectives

Hotelier Coin aims to become a one-stop shop platform for stand-alone hotel operators, provide substantial benefits for everyone in the value chain, and build a decentralized hospitality community of service providers, hospitality vendors and tech solutions powered by HOTEL–HTL, a true borderless hospitality currency.


Mission Statement

Hotelier Coin is on a mission to become the ultimate blockchain-powered hospitality Decentralized Application and Platform where everyone benefits in a single place. With core partnerships, revolutionary technology and a diverse team of experts, we will empower small operators, rethink the entire industry infrastructure and innovate.

Objectives

Hotelier Coin aims to become a one-stop shop platform for stand-alone hotel operators, provide substantial benefits for everyone in the value chain, and build a decentralized hospitality community of service providers, hospitality vendors and tech solutions powered by HOTEL–HTL, a true borderless hospitality currency.


Mission Statement

Hotelier Coin is on a mission to become the ultimate blockchain-powered hospitality Decentralized Application and Platform where everyone benefits in a single place. With core partnerships, revolutionary technology and a diverse team of experts, we will empower small operators, rethink the entire industry infrastructure and innovate.

Critical Hospitality Industry Pain Points
● In a highly competitive industry it is incredibly difficult to stand out and get the attention of travelers, especially for unbranded hotels.
● High booking commissions (Online Travel Agencies charge up to 20% booking fee).
● High markup by the Tour Operator (ITOs charge a 30% commission).
● High sales payroll cost for bulk room sales (B2B), time-consuming negotiations and legacy contract signing procedures.
● Bank charges (from 2.5-5% Credit and Payment Gateway fees).
● Multiple banking solutions and requirements.
● Forex commissions (3-6%).
● Cash flow (30-120 days payment terms for bulk inventory and little protection from payment default).
● Small tour operators and other individual service providers are in desperate need of an Uber-like infrastructure with real-time interactions and effortless transactions.
● No loyalty and recognition programs able to align stand-alone hotels, leisure activities and guests.
● No common platform for hospitality vendors and service providers.
● Scattered and expensive operational infrastructure (Property Management Systems, Channel Management, Point of Sale, Purchasing and Accounting Software).
● Zero monetary incentives for travelers.
● Fraudulent reviews and profiles that can affect hotel reputation, guest experience and the industry as a whole.
● Cluttered and duplicated traveler preferences that lead to inefficient personalization and a lackluster experience.

Being aware of these challenges and peculiarities, the Hotelier Coin team has developed a unique technological solution that will unite all the hospitality industry participants and effectively eliminate obstacles to enable an economical, safe and comfortable way of traveling.

HOTELIER COIN’S SOLUTIONS AND ADVANTAGES
Blockchain-backed Hotelier Coin’s platform, DApp, and currency synchronize the hospitality industry to simplify operations, improve efficiency and dramatically reduce costs while creating a win-win situation for the entire hospitality value chain. At the heart of this technological breakthrough are HOTEL-HTL tokens, they can function as currency for purchasing room nights, leisure experiences, peer-to-peer transfers, and enable a secondary marketplace where room nights can be traded seamlessly.

Key Solutions:

● Unique B2B and B2C hotel room booking & sales platform with smart contracts that protect the interests of all parties involved.
● Secondary hotel room marketplace where multiple branded and unbranded hotel rooms can be traded as a commodity for the first time to increase revenue per available room and cashflow.
● HOTEL-HTL tokens function as the borderless currency for purchasing room nights, leisure experiences, peer-to-peer transfers, and enabling our secondary marketplace.
● Instant cashback offers in HOTEL-HTL for the hotel owner and traveler.
● Access to an integrated fintech banking and crypto wallet, a single hotel currency (HOTEL-HTL), a HOTEL-Stable Euro and a gateway featuring seamless banking access and other crypto exchanges.
● Instant access to integrated hospitality tech solutions, hospitality vendors and service providers that can all be booked in one click.
● Secured guest information and data within the blockchain. Travelers’ profile and preferences are stored in the blockchain to improve loyalty programs, enable seamless service personalization and enhance the overall guest experience.
● Access to a lifestyle reservation call center that specializes in offering a bespoke travel experience.
● Easy peer-to-peer transactions for freelance service providers such as tour guides and instructors.
● Access to Millennials, Digital Natives and a $200B+ cryptocurrency market.
● Access to world-class integrated hotel cloud-based end-to-end tech solution starting at as little as $5 per bedroom/month.

ICO Success Score

4.6
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