The Kessler Collection luxury hotels in the United States announced the integration of Bitcoin and other cryptocurrencies as payment methods, to facilitate their services to more clients and users.
Classified as one of the greatest innovations of our times, and of great importance for the development and growth of the hotel sector, the cryptocurrencies, , the Bitcoin (BTC) They come to the forms of payment that the American luxury hotel chain is accepting The Kessler Collection. According to a release As shared by the hotel group recently, eight of The Kessler Collection's major hotels in the United States will begin accepting payments in bitcoin and several other cryptocurrencies, thanks to a partnership with a cryptocurrency and digital asset service provider in the country.
The alliance allows the hotel group to be the first renowned and important group to adopt cryptoassets as a means of payment in the country; it also allows it to diversify the payment options it offers to its clients and users, responding to the growing demand that currently exists for this new class of assets.
Likewise, Richard Kessler, president and CEO of The Kessler Collection, referred to cryptocurrencies as “one of the most innovative concepts in the hotel industry right now”, which will continue to gain followers and acceptance in the future. The luxury hotel group's goal with cryptocurrencies is to diversify and offer more and innovative options in the payment process.
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Bitcoin in the hotel industry
The integration of Bitcoin and cryptocurrencies as a payment method in the hotel industry responds to the growing and significant demand that these assets are having in all markets. Digital assets facilitate many payment methods around the world, he noted. Fravy Collazo, CFO of Kessler Collection. For the executive, there is nothing that makes payments easier for travelers than cryptocurrencies and stablecoins, since these crypto assets do not need to be exchanged for local currency and also offer better commissions.
“This move will make things easier for guests travelling around the world, both in terms of time saved by going to a local currency exchange, and in terms of money saved by having a lower exchange rate.”
At the time of booking, the hotel chain will send its guests and clients a digital invoice that they can pay from their digital wallets through a payment provider.
On the other hand, in addition to Bitcoin, The Kessler Collection will also accept payments with cryptocurrencies. Ethereum (ETH) y Dogecoin (DOGE) and stablecoins (stablecoins) USD Coin (USDC), Binance USD (BUSD), Gemini Dollar (GUSD) y The Paxos Standard (PAX).
The Kessler Collection has locations in several states across the United States, including Alabama, Colorado, Georgia, Florida, North Carolina and South Carolina.
A growing trend
As the hotel chain points out, in the tourism industry, airlines and travel agencies have been accepting bitcoins and cryptocurrencies as a payment method for years; so it was time for hotel chains such as The Kessler Collection to join the digital asset trend.
Since 2020, travel agencies and hotel booking websites Travale, Expedia y Booking began allowing their users to book accommodations at their favorite hotels using cryptocurrencies as a means of payment. In fact, Travala introduced a report in February this year where it revealed that over 68% of its users’ bookings were made with cryptocurrencies, which are now the preferred payment method for tourists to make their online reservations. The most commonly used cryptocurrencies to make reservations were AVA, BTC and ETH.
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