A few thoughts from the Team before Tratok’s November 14th launch announcement

A few thoughts from the Team before Tratok’s November 14th launch announcement

Progress
We are happy to report that over the last fortnight, pilot tests were successfully conducted involving seven different groups from Europe composed of thirteen individuals from five different countries and seven different major European cities. Despite the issues of Covid-19, the tests were performed flawlessly with universally positive feedback from all participants and some very constructive feedback which is being implemented into the system by the developers as we write. Most encouraging was not just the smooth and hassle-free operations side but also the ease of use that clients found with the system. Indeed, one gentleman was able to travel without any issue, despite not speaking English! This is a most encouraging sign and as the platform evolves into a multi-lingual platform, we expect this to become even easier. Equally…
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Tratok’s latest deal with Hotel Data Cloud beats our original June 2021 target by 400%.

Tratok’s latest deal with Hotel Data Cloud beats our original June 2021 target by 400%.

Progress
The partnership will ensure that the data from Hotel Data Cloud's portfolio of over 11,400 hotels in 153 countries which feature more than 1.2 million rooms, will be utilized by Tratok's ecosystem and its 1.3 million verified users. This partnership offers multiple benefits for service providers and clients. Through leveraging Tratok's blockchain technology, and combining it with HDC's intelligent algorithms, both parties can benefit from timelier, more economic and transparent transactions in Tratok's sanitized ecosystem that is free from manipulation and fraud. At the same time, more accurate and standardized descriptions and data from Hotel Data Cloud will result in enhanced user experiences and higher conversion rates due to cutting-edge Artificial Intelligence content presentation. The combination means that clients get more affordable and better-matched offerings while service providers get better-matched…
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Finishing 2020 on a strong note

Finishing 2020 on a strong note

Company, Dubai, Platform, Progress, Tourism, Trat, Tratok, Website
Following approval from the General Counsel of Tratok Ltd and Tratok Portal LLC, management is happy to announce that trading can now resume. We are delighted to report that we are fully compliant with the newest regulations that are being enforced. As such, the team have contacted the exchanges to request they re-enable trading at their earliest convenience. Furthermore, we are also happy to announce the following schedule with regards to Tratok’s travel ecosystem: September 2020: Senior Managament and Advisors will be hosting fortnightly webinars at which they will discuss new developments, enhacements and progress. These will be public webinars to which the community is invited to attend and ask questions.October 2020: Further pilot tests will be conducted for the flights, accommodation, car rental and experience modules of the ecosystem. The…
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Announcing a life changing gift to the public. Don’t miss out!

Announcing a life changing gift to the public. Don’t miss out!

Progress
[wpdevart_countdown text_for_day="Days" text_for_hour="Hours" text_for_minut="Minutes" text_for_second="Seconds" countdown_end_type="time" end_date="09-08-2020 20:20" start_time="1596454984" hide_on_mobile="show" end_time="6,10,20" action_end_time="redirect" content_position="center" top_ditance="10" bottom_distance="10" redirect_url="https://tratok.net/lifetime_holiday.php" countdown_type="button" font_color="#000000" button_bg_color="#3DA8CC" circle_size="130" circle_border="5" border_radius="8" font_size="30" countdown_font_famaly="monospace" animation_type=""][/wpdevart_countdown] Tratok is proud to once again lead the rest of the industry in providing products that are meaningful and revolutionary. This time around, we are raising the bar higher, even by our standards, and are offering something that will truely change peoples lives in ways they cannot imagine. Watch this space, you will kick yourself later if you do not!
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Trading temporarily halted while regulator reviews our 4th license request

Trading temporarily halted while regulator reviews our 4th license request

Progress
A courtesy update for all our stakeholders and partners: While the regulator reviews our latest application for a fourth license, Tratok has been asked to co-operate with the exchanges to temporarily halt trading activities while the auditors complete their due diligence. We apologize for the temporary inconvenience, but Management believes that this is the best time to conduct such activities before the rebound in travel activities begin. It is better to get this out of the way now, when activity is limited, rather than when activities resume to normal.
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What form will summer holidays take in 2020?

What form will summer holidays take in 2020?

Company, Dubai, Progress, Tourism, Tratok, Website
As summer approaches, everyone is keen to see what form these holidays, the longest for the year in many countries, will take. Uncertainty about the re-opening of borders, the availability of international flights, has triggered large scale campaigns, both at country government levels, as well as at hotel levels, for staycations – visiting and discovering one’s own country. For example, the French government, a country which traditionally relies on heavily on large international tourist numbers, has mobilized the government media to promote a different region or village of France after the daily 13:00 news, one of the peak television viewership. Sensitizing the population to the diversity and the beauty of their own country, the initiative, beyond offering a holiday solution, aims at driving business to regions to be able to…
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A summary of STR’s European Hotel Analysis

A summary of STR’s European Hotel Analysis

Company, Dubai, Progress, Tourism, Tratok, Website
As a result of the corona pandemic, 100’s of thousands of hotel properties find themselves in financial distress. But as hotels properties are hard to repurpose, they have no choice but to re-open and redefine the dialogue between the hotel owner and operator to find a way forward together. Hotel owners are the hardest hit in this crisis and need to assess the possibilities of restructuring the debt of their properties.  Key to this will be benchmarking:    How is the hotel performing compared to your comp set? What are the prospects of recovery? What is the quality of the Team running the property? Do we believe in the Team or do we need to replace them? We believe that demand will return in June, initially domestic travel but with further…
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The hotel world is being rocked by coronavirus shutdowns

The hotel world is being rocked by coronavirus shutdowns

Company, Dubai, Progress, Tourism, Tratok, Website
Seven out of ten hotel rooms in the United States are empty, and the industry has lost nearly 4 million jobs and more than $21 billion in revenue. Where does the hospitality sector go from here? The road to recovery is going to be a long one according to Hilton CEO Christopher Nassetta. “A full recovery will take time and it could take several years to return to the hotel demand levels we experienced in 2019,” he said in an earnings call last week. Hilton posted revenues of $1.9 billion in the first quarter, down 13% from last year, and net income fell to $18 million from $158 million. “COVID-19 has created challenges that our industry has never encountered before,” Nassetta added. Other major hotel companies including Marriott, have noted the…
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The Economic Cost Of The Pandemic

The Economic Cost Of The Pandemic

Company, Progress, Tourism, Tratok
On the third day of deconfinement in France, glimpses of a post COVID life start appearing, within the rules of social distancing still required by the government.    What is interesting is where the lines seem to be drawn: Restaurants are imposed 2 meters between each guest, which effectively cuts the restaurant capacity in half at any given time.  Trains, trying to maintain the 2 meters between each passenger, sell one seat out two, and one row out of two. Even at the station, X’s mark the spot where passengers are allowed to stand to wait for the train. Flights require you to wear a mask and continue to operate as normal.  The rationale behind this is purely economic: any plane is only profitable operating at a minimum 75% capacity.…
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