Empire Hotels “Will Change the Hospitality Industry” – Renato Dimarzio, CEO
We decided to speak to Renato Dimarzio, CEO of Empire Hotels. Dimarzio is a man who hopes to defy this expectation with his distributed ledger technology platform which is focused on the hotel sector.
Discussion topics included his career background, the founding of Empire Hotels, his goals and plans to penetrate the market, the product, and more.
The State of Hospitality
Hospitality is one of the oldest and most persistent industries to exist since early civilisation (such as the inn at which there was no more room).
For the hotel sector in particular, increased accessibility of travel via increasingly lowering prices in the face of inflation has only served to increase the demand for accommodation worldwide. Recent studies have concluded that the largest geographic markets by hospitality sector account for 37-38% market share.
The conventional nature of hospitality has often been opposed to technological change and integration (much like with restaurants) and as such, we have seen little in the way of blockchain developers who attempt to cater to the industry's requirements. This is an issue which Empire Hotels seeks to resolve.
Benefits of Empire Hotels
According to Renato Dimarzio "The hospitality industry nowadays is mainly centralized, which leaves the user database unprotected. The use of blockchain brings an alternative for the consumer." Furthermore, "blockchain prevents double booking and it is the safest way to keep user data".
