EMPIREHOTELS - Reinventing Hospitality

Introduction

The hospitality industry and the hotel sector, specifically, is one of the world’s fastest-growing divisions of industry in the world. Hotels, in a big way, have helped ensure that this industry remains afloat despite the tough economic times that have made it impossible for many businesses to survive. To be precise, hotels keep 212 million people employed globally (14 million in the US) and make up about 30% of the hospitality industry. When looking at the numbers it seems like the hospitality industry is simply too big to fail, bringing in $1.6 trillion a year globally, which makes up about one-tenth of global GDP. With hotels alone bringing in roughly $500 billion globally and $208 billion in the US, it really puts things into perspective. Despite the fluctuation of the economy, what is the key that has kept the hotel business booming? After all the hospitality industry is the number one employer in the United States behind the government.
Many speculate that hospitality success is due to workforce management and employee-guest engagement, which makes a lot of sense. Interpreting the data and analytics behind the business seems like the only practical reason that the hospitality (or any) businesses that are around today have stayed around. Obviously, this is not the only factor especially when it comes to hospitality, hotels specifically. Anyone can sell a room and bed, hotels must sell outstanding service with brand recognition in order to receive consistent customer satisfaction.
I will be introducing my dear readers to a revolutionary platform EMPIREHOTELS the ultimate platform for users to book both rooms and experiences across the globe. Our platform provides an easy way to check-in/check-out and is fully prepared for the future of room automation.

ABOUT EMPIREHOTELS

EMPIREHOTELS is a revolutionary platform for users to book rooms and experiences around the world. Our platform provides an easy way to check-in / check-out and is fully prepared for future room automation. EMPIRE HOTELS is a global platform and application, where users can order rooms and services using fiat and crypto assets, using blockchain and smart contracts.

However EMPIEHOTELS aim to solve the many problems been faced in the hospitality industry these problems include;

Double booking: The double-booked room is an unavoidable issue. Well-trained staff can prevent booking errors.
Incorrect Data: Incorrect data can put a great amount of stress on both the customer and the front desk agent or manager.
Expensive booking portals: Majority of the hotel bookings happen through online booking portals. The portal charges usually sum up to 15-25% fees on the booking cost.
Platform maintenance: In order to maintain an Over-The-Air service up and running, companies spend resources on infrastructure, software and hardware maintenance.
Financial and transaction fee: The financial institutions between the customer and the hotel will charge a fee to process transactions.
Foreign transaction fee: When booking an international hotel, fee of approximately 3% is discreetly charged from the guest to process the transaction.
Currency Conversion Fee: When someone pays with foreign currency to book a room, the rates applied on the currency conversion are generally higher than what the rates actually are moment of booking.

EMPIREHOTELS SOLUTION UTILIZING BLOCKCHAIN TECHNOLOGY

Empire Hotels is solving these problems by eliminating any third parties and leveraging the blockchain technology to facilitate a better data management and transactions system for hotels, platform can revolutionise the way the industry runs. Empire Hotels offers a currency to be used in the hospitality industry. This would create an easy-to-use platform for the public and facilitate an API for integration with other systems. The unique architecture of Empire Hotels platform enables the hotel bookings to be executed as crypto transactions. Every transaction is executed and stored in a decentralised P2P network so that the platform can provide improved data management and reduce costs for transactions as compared to other platforms available in the market.

UNIQUE BENEFITS

Cheaper booking
Using cryptocurrency for hotel bookings can drastically reduce the transaction fees and rule out international payment charges and currency conversion fees. By adopting this strategy, it is possible for the hotel to increase its profit margins while offering to the users the opportunity to book a hotel at a much cheaper price.
Secure and reliable
By using blockchain to process transactions, transparency and security are preserved more than ever. Unauthorised parties will not be able to access confidential user data. Every transaction will have an ID associated with the user if required. All non-sensitive data exchanged during the booking process will be encrypted and saved in the transaction details, protecting both user and hotel against fraud.
Accurate Reservation
Blockchain is a non-centralised solution for the double-booking problem, a classic problem that could not be solved without a trusted entity mediating the transaction. The bookings are executed as crypto transactions in Empire Hotels platform and before confirmation, the timetable for the room is verified on blockchain and this virtually eliminates the possibility of double-booking.

How does it work?
The Empire Hotels cross-platform applications interfaces between hoteliers and guests. It works just like any other booking platform; hoteliers can list their hotels on the platform for free and guests can browse through the listed hotels. In the Empire Hotels platform, all booking transactions and inventory management data are stored in the blockchain network for effective data management. Through the platform, guests can make payment using cryptocurrency - EMPC tokens (it is the utility token powering the platform), which will be converted to fiat and paid to hoteliers by the platform. Guests are rewarded with added services when they use the platform more frequently. The incentive model of the platform is designed to encourage guests to use the platform frequently and to hold the EMPC tokens with them longer to get more benefits.

Simple, easy, and fun.
Users can browse for hotels and experiences nearby. They can place bookings using both fiat and EMPIRECASHs — our digital asset.
Truly empowering hotels.
Even though there are no fees for the registration, a small fee — the smallest on the market — is added to each transaction in order to make the platform viable. Affordable fees for owners; lower prices for users.
Revolutionizing the Hospitality Industry
Our developers took care of every little step during the app development process. We want to give the best experience to our users.

Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”. Now and the Future of Empire Hotel For company security to work with Netverify (which “helps prevent fraud, fake or stolen ID use”). Others include Accubits, which “really pushed [Empire Hotel] into the market” and AppInventiv: “an application development company, based in India”. Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”

TOKEN AND ICO DETAILS

The Empire Hotels platform will issue Empire Cash tokens (EMPC tokens) to fuel the transactions and incentive models of the platform.
The total supply will be 1,350,000,000 EMPCs. The Initial Coin Offering intends to raise $36,000,000 through its various phases.

Use of Funds

ROADMAP

First Draft Idea – November 2017
The first idea for applications and platforms was designed. Although this idea has changed over time, in November 2017 we first discussed the development of this project.

Smart Contract Design – March 2018
Smart contract development and auditing are important stages in the ICO process. During this stage, crypto-economics, numbers, and inventory are defined.

Whitepaper Development – March 2018
Whitepaper explains the technology and features of our application and platform, as well as plans for the future.

Website Development + Dashboard – June 2018
The website and dashboard wallet was developed using the most modern technology, and was repeatedly tested on many different devices.

ICO Phase – Commenes in January 2019
The ICO phase will begin in January 2019 and will be divided into three parts: Pre-ICO (pre-sales), Phase 1, and Phase 2.

Launch of Applications for Android and iOS – April 2019
The first version of the application will not be beta; it will be fully operational. This version will activate all features from day one and will be updated from time to time.

Launch of EMPIRECASH Payment – July 2019
This feature, scheduled for July 2019, will provide a tool for users to pay via contactless using their cellphones, while attracting from available EmpireCash coins.

TEAM