01Oct 2024 by admin

Good news for Tratokians – Green Light!

Dear Tratokians, We hope this message finds you well! We want to take a moment to provide you with an update regarding our ongoing commitments and share some exciting news. First, we want to address the recent two-day delay in processing some of the pending swaps. This hold-up was due to one of our two checking parties being out of the office. We understand how important these swaps are to our community and appreciate your patience during this brief delay. Rest assured, our team is committed to completing this work as soon as possible and will keep you informed every step of the way. In other news, we’ve had a fantastic time collaborating with our esteemed partners at the Future Hospitality Summit over the past few days. It has been…

30Apr 2021 by admin

Tratok launches restaurants module with ground breaking event

Company, Dubai, Platform, Progress, Tourism, Trat, Tratok, UAE, United Arab Emirates

Following a period of extensive testing, enhancement and customization, Tratok is happy to announce the inclusion of restaurants and dining packages into the experiences module of the Tratok Travel Ecosystem. To celebrate this milestone, Tratok endorsed three days of workshops in the DIFC, Dubai with none other than the world's best-recognized paella chef, Vicente Rioja. In partnership with Boca’s own prize-winning head chef Matthijs Stinnissen (Caterer Awards 2020: Head Chef of the Year), Chef Rioja helped conclude the event with a wonderful dining experience for the public. Flying in the best Chefs from the world, hosting them in five-star hotels and catering world-class food for the public showcase just a few of the multiple use cases of the Tratok Travel Ecosystem and the Team is delighted at the success of…

08Feb 2021 by admin

A second chance to change more people’s lives for the better!

Company, Dubai, Platform, Progress, Tourism, Trat, Tratok, UAE, United Arab Emirates

As promised in the last update, we are launching a second round of Tratok’s holiday per year for life for two more lucky winners and their partners. We received a lot of excellent feedback from the community about new methods to implement with regards to earning additional tickets. Rest assured that the suggestion that holders of large amounts of tokens be eligible for further entries, will NOT be implemented. Tratok is here for the world and we wish to reward participation from all members, not just the rich. Therefore, the terms are effectively the same as the previous round (with the sole addition that those who have already won last month’s draw will not be eligible to win a second time). You may find the updated terms and conditions by…

21Jan 2021 by admin

We start 2021 in a strong position but exponential growth potential lies ahead

Company, Dubai, Platform, Progress, Tourism, Trat, Tratok, UAE, United Arab Emirates, Website

As we come to the end of the first month of 2021, we look forward to a year with a far more constructive underlying foundation for the travel and tourism sector than 2020. On one hand, the emergence of a vaccine has boosted confidence in the sector and this renewed confidence will rise with more widespread acceptance and adoption of said vaccine. At the same time, the urge to travel will likely be stronger in individuals who have been unable to do so for almost a year now. Finally, and perhaps most importantly for Tratok, the economic devastation caused by the pandemic has forced service providers to change the way they do business and embrace new methods, while at the same time encouraging consumers to think about savings, benefits and…

10Dec 2020 by admin

As we head towards 2021, Tratok hosts an iconic launch party for a world changing product

Company, Dubai, Platform, Progress, Tourism, Trat, Tratok, Website

If there is a single appropriate word to describe Tratok’s second generation ecosystem launch event, it would have to be “Iconic”. A groundbreaking event, featured by the Dubai Media Office, the Polo Challenge Cup was an event of beauty and great significance. With two hundred visitors in attendance, it showed the strong support and good will behind Tratok. With a turnout including Ministers, Excellencies and leaders from the hospitality and travel industry, the message was very clear. The industry believes in Tratok and is throwing their support behind the platform. At the same time, there is another equally important message here. The fact that such a large group of people can get together, be safe and have fun delivers an even more important sign. It shows light at the end…

06Sep 2020 by admin

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…

09Jul 2020 by admin

A live 1st view of the 2nd Generation Travel Ecosystem

Company, Dubai, Platform, Progress, Tourism, Trat, Tratok, Website

How does one show confidence in their team and product? The Tratok Team challenged Mohammed Altajir to conduct a live demonstration of the 2nd Generation Travel Ecosystem. Let's see how it went: https://www.youtube.com/watch?v=HLkQsQka39E

14Jun 2020 by admin

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…

22May 2020 by admin

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…

14May 2020 by admin

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…