United States-based vacation rental listing site Vacayrx recently launched a crowdfunding campaign which it hopes will help promote an initial coin offering (ICO) later this year to build a blockchain-based platform.
Jesse Martinek founded Vacayrx nearly a year and a half ago after working in business development positions at Turnkey Vacation Rentals and Vacasa. Whilst there, Martinek noticed changes were coming to OTAs that could potentially hurt property managers, such as the removal of guest phone numbers, instant bookings, and increased fees. Martinek built Vacayrx as a different option for property managers.
Vacayrx charges a $25 flat booking fee to guests in addition to a subscription fee starting at $50 per month per property. The site now has 3,400 active listings throughout the US, Canada, Europe, and Australia, and Martinek is eyeing future growth through blockchain.
According to Martinek, “[The ICO] will allow us to build a blockchain-based platform which will offer the best of both worlds (pre-booking communication and instant booking potential).”
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