Tratok Blockchain travel network to roll out in UAE in coming months

Phase one of the rollout will see 50,000 thousand rooms

Over the next 18 months, Tratok will be completing the roll-out of Phase 1 of its global hotel network. Months after achieving a market capitalization in the billions, the privately funded and homegrown Tratok has continued to expand. Since the launch of the Tratok application on Jan. 21, 2020, more than 158,000 new users have signed up. The revolutionary blockchain-powered ecosystem features accommodation, flight and activity booking modules as well as fraud-free reviews and social interaction between travelers.

Phase 1 will see an expansion of the United Arab Emirates' existing offering up to 50,000 rooms, a necessary push in line with Dubai's hosting of the Universal Exposition 2020 at the end of the year. This phase will also mark the entrance of Tratok into a new market: the Eurozone which is the world's number one travel and tourism destination. The target number of rooms for the Eurozone is 150,000 rooms.

This ambitious expansion is a natural progression from the highly successful pilot tests conducted in the United Arab Emirates in Quarter 3 of 2019. These proof of concept tests were executed flawlessly and resulted in the service providers seeing an increase in their profit margins by an average of 27.3% while the end customers achieved significant savings while reporting a more enjoyable travel experience. It is expected that the service providers in the Eurozone should be able to experience similarly increased profitability averaging 25%, which, combined with leveraging tourism board and GRE relationships, will grow the brand and use of Tratok exponentially, ensuring widespread adoption, by the industry, as by the intended userbase.