Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute - which involves converting room nights for sale into NFTs that can be bought or sold by hotel guests, similar to the StubHub market for concert and sporting event tickets. Owners say this ensures they get paid for the rooms because guests would sell their reservation in the market if they decide not to go, and appeal to the crypto-enthusiastic traveler.
“We can reach another consumer that maybe isn’t booking through traditional means,” said Jason Kycek, senior vice president with Casa de Campo Resort & Villas, a Dominican Republic resort, who is planning to soon begin booking rooms with NFTs.