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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (12523)	12/15/2021 7:50:10 PM
From: Elroy	1 Recommendation Recommended By Sr K Respond to of 26631

Even disruptors like AirBnB, Uber, etc will themselves be disrupted by blockchain. AirBNB is one of thes entities charging outrageous commissions. I think they take over 10% of each booking. The numbers are astronomical. And why? AirBNB really is just a listing. Why should the rates to book through AirBNB be more than a dollar per booking? I don't think Blockchain is necessarily the solution to the outrageous commissions. I don't think you need a blockchain (which is just an agreed upon data file) to reduce booking commissions. What you need is some cenrtalized system which takes 5 cents per booking, then allows any customer facing (AirBNB, Expedia, the hotel owner, anyone!!) to compete on rate + commission, where the rate is set by the owner (and fixed) and the customer facing entities compete on commission. Competition would force commissions lower. Actually I don't know why this doesn't already happen in sites like Expedia and AirBNB. You'd think someone would create AirBNBCheapo and offer ALL AirBNB listings with a lower commission than AirBNB. It's still big money, but for some reason competition on commissions isn't transparent in lots of these businesses. Ticketing seems like it should be easy to reduce the commissions (if the ticket is the bar code, why do we have to pay StubHub $7 to get the bar code? Why doesn't a competitor offer it for 20 cents? I'm not sure.....