Hotels Using NFTs to Create a StubHub for Lodging Reservations
Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute.It involves converting room nights for sale into nonfungible tokens, or 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…