International hotel group Pavilions today announced a partnership with UK-based crypto payment company Coindirect to allow the use of cryptocurrencies as payment for bookings.
The move towards cryptocurrency adoption within the hospitality industry, says a spokesman for The Pavillions, is both a way of ‘future proofing’ the group and also bouncing back from the devastating effects on the industry during the Covid-19 pandemic.
“We are proud to lead the industry and enhance ourselves in the digital world with this exciting new crypto payment method available at all of our unique and distinct Hotels and Resorts across the globe,” said Gordon Oldham, Pavilions founder and owner.
Cryptocurrencies offer secure payment solution
Headquartered in Hong Kong, The Pavilions Hotels & Resorts is one of the fastest-growing hotel groups in the world and has a large footprint across Thailand, Italy and Nepal.
The news comes days after the group announced a new hotel brand – Explorar Hotels – which is set to launch in October.
One of the biggest appeals of cryptocurrency payments for The Pavilions is enhanced payment security for guests from around the world. But also the ability of the international group to hedge inflation after a troubled year for the sector.
Jessie Hemson-Struthers, CEO of Coindirect, welcomed the partnership with the hotel group, hailing it a triumph for secure and safe transactions.
He said: “We pride ourselves on providing partners with a platform for instant secure payments to ensure the end-to-end payment service is safe, flexible and easy for guests, when booking their next experience at any of The Pavilions Hotels & Resorts across the globe.”
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.