Australia-based superbrand Webjet recognizes the value potential of the blockchain startup LockTrip and joins its mission by securing the rights for up to a 51% stake in what is a unique deal for the blockchain space.
Summary of Article
- Travel Industry Leader Webjet Limited to invest up to $8.3M into LockTrip
- Managing Director of Webjet group himself, John Guscic and Director of Corporate Development, Lynne Oldfield to join LockTrip’s Board
- Webjet to Integrate the LockTrip.com Marketplace and the LOC economy into their OTA (Online Travel Agency) Websites in Australia and New Zealand
- Webjet and LockTrip to Explore the Opportunity to Migrate Booking Verification System “Rezchain” onto Hydra Chain
Webjet (WEB:ASX), headquartered in Melbourne (Australia), has announced that it will be entering the crypto space through a strategic marriage with the blockchain-based travel marketplace LockTrip.com. In addition to its product offering up to 60% savings compared to traditional booking sites, LockTrip is also known for developing and launching the rapidly growing Hydra blockchain, specialized on bringing real-world businesses on-chain.
Introduction to Webjet
Webjet is the world’s second-largest accommodation supplier to the travel industry through its WebBeds division. Across its multiple B2B wholesale brands, the company is supplying more than 44,000 clients with world-wide inventory and has a presence in more than 50 countries. This includes a wide profile of companies such as travel agencies, online travel agencies as well as other wholesale suppliers.
The Inventory supply Brands owned by Webjet are:
- Destinations of the World (DOTW)
- Lots of Hotels
- Sun Hotels
- JacTravel
- Fit Ruums
- Total Stay
In addition to the
