Takyon turns non-refundable travel reservations into digital goods, using a blockchain-based tokenization process, so they can be resold or exchanged.
Antonio Picozzi is founder and CEO of Takyon.
Takyon wants to turn non-refundable travel bookings –
starting with hotels – into digital goods that can be resold and transferred.
Hotels create a “Takyon resellable rate” that is only
available on their website. Customers that book that rate then have the option
to resell the reservation through Takyon’s marketplace. The hotel gets a 5%
royalty when a new traveler buys a reservation through Takyon, or the hotel itself
can repurchase the reservation to redistribute it, potentially at a higher
rate.
Co-founder and CEO Antonio Picozzi said
the company, launched in 2022, is working with more than 600 partners and hotels ranging
from small independent properties to large chains such as Best Western.
Picozzi said Takyon helps hotels increase direct bookings
and differentiate themselves from online travel agencies. The company is
launching a similar Takyon resale product for tours and activities in September
and plans to expand to other categories like airlines and cruise in the future.
Watch Picozzi's Center Stage presentation below.
Takyon - Phocuswright Europe 2024 - Innovation: Launch
And later Picozzi joined PhocusWire editor in chief Mitra Sorrells in the PhocusWire Studio to discuss Takyon in more detail.