Luxury Hotels To Benefit From Vacayz, An Options Service For Hotels
/The hardest-hit sector of the pandemic has undoubtedly been hospitality. By April of this year nearly half of the jobs that make up this sector were lost, a bleak statistic only made bleaker by the fact that of the 22m jobs lost in total this year it’s predicted they won’t return until early 2024.
Hotels, one of the biggest segments of the market left in the lurch, are either completely closed or operating at a skeletal capacity due to restrictions or little to no demand. The entrance of Vacayz to the market proposes to ease the stress hotels are feeling while giving consumers price benefits by mimicking the financial industry’s model of options in application to lodging.
“Travelers help hotels survive the pandemic by generating ongoing cash flow, and for consumers, it saves money on future travels,” explains Vacayz co-Founder Ally Wolodarsky. “People still want to travel, now more than ever. But when? And to where? Maybe they can’t even afford the same planned vacation any more since the pandemic affected their income. The purchased options secure an attractive booking price that can be used for up to 5 years.”
Like financial options, Vacayz gives its customers the ability to keep their travel options open as a traveler can book a hotel stay for a guaranteed discounted rate and flexible dates, or choose to resell the option at any time.
“The main benefit is the significant savings that come from flexible booking. It's a model that allows you to invest in future travel by buying the discount in advance, without having to commit to any dates,” she explains. “All discounts are fully secured and insured. In addition, in case your plans change, it's global and you can always resell your Travel Options, or change the location or hotel chain.”
