Your reservation becomes a resalable good!
With the Resalable Rate you can save up to 10% vs the Flexible Rate and you can resell it at any time! Through Takyon’s technology, your reservation will be automatically transformed into an NFT (Non-Fungible Token), a non-nominal digital asset that can be resold. In this way you can book your stay in total freedom, being able to resell your reservation as if it were a bag or a smartphone until 23:59 the day before check-in.
Buying and reselling it is very simple:
Yes, the deadline you need to mind is the 23:59pm of the day before check-in, by which you need to have already resold the NFT. After the deadline, your Booking NFT will be “locked” in transfer and you will only have the possibility to redeem it (always before check-in following Partner’s policies).
Yes, you could lose money or make money if you decide to sell your booking, depending on the dynamics of the market. If hotel prices are rising, you may make money. If hotel prices are falling, you may lose money. Either way, you will be better off than a traditional non-refundable reservation, which guarantees a 100% loss.
Note also that market price is sensitive to how much time is left until the reservation. Probably you will get a better price several days before your reservation expires than the day before, as there is more time to find someone else who can use the reservation.
There’s no fee to put the reservation for sale. Only at the time of sale will you have to pay a commission of 5% of the resale price, which will be automatically subtracted at the time of sale from the amount that we will credit you to the payment method. Remember that you have full autonomy in defining the resale price.
In order to resell your bookings you just need to go over the booking of interest in the Booking section of your account. On the booking of interest you will see the possibility to resell it. Clicking on the resell button you will have the opportunity to choose the price.
Your booking will be shown on the Takyon Exchange as on sale and any visitor will have the possibility to directly buy it. Remember: in order to put a booking on sale you will need to enable Takyon to send you eventual payments. You can do this by connecting/ registering to Stripe from your account.
In order to buy a Takyon NFT you just need to proceed and purchase the resellable rate on Partner hotel’s channels. Alternatively, you can do it by browsing Takyon Travel Exchange and search for bookings (already made by other travellers) on sale. No wallets or crypto are required!
NFTs are “one-of-a-kind” goods in the digital world that can be bought and sold like any other piece of property, but which have no tangible form of their own.
The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
It is a digital good, the transformation of a travel booking into a non-nominal liquid asset you can enjoy (as a normal booking by redeeming it) or resell it without the need of any bureocracy or intermediation.
In order to see the expired/ redeemed NFTs:
1. Go into your account on Takyon;
2. Go into the Bookings subsection;
3. Click on the booking of interest in order to open it.
Easy as it sounds!
After purchasing your booking, in order to enjoy the stay you will need to redeem it (unless not purchased directly on Partner’s channels and never resold).
In order to do so, you will need to (we suggest before 11:59pm the day before check-in):
1. Go into your account on Takyon
2. Go into the Bookings subsection
3. Click on the booking of interest in order to open it
4. Click on Redeem button in order to communicate us the personal details of the person that is going to check-in into the hotel
Your booking will be “redeemed” so you will not be able to transfer/ redeem it anymore;
You are good to go and you will receive a confirmation e-mail with all the details of the stay.