Short-term lodging industry is prosperous right now and at the moment it’s valuated at $100 billion with growth forecast of 168 billion by 2019. There are no signs of growth slowing down on the short-term lodging market and in the coming years it can seriously take on the traditional businesses, such as hotels, motels and even hostels.
Distant countries with their culture, exoticism and rich traditions have always attracted tourists from all over the world. However, often traditional travel planning methods are not available for these locations. The reasons for this are the lack of house sharing traditions, security problems, low level of computer skills among the older generation, as well as technical limitations, such as the lack of necessary information and the ability to accept non-cash payments. Thus, such a journey becomes a rather dangerous and unpredictable gamble, an alternative to which can only be traditional and expensive tourism with hotels, guides and tours. Given the development of modern technology, such a prospect seems to be unacceptable to us.
The rapid growth of the number of mobile Internet users as well as smartphone users in virtually all countries opens new opportunities for local residents to earn additional income and to conduct business. We believe that the availability of smartphones and the ever-increasing speed of data transfer, coupled with enthusiasm and ingenuity of the younger generation, will disrupt the short-term rental market even in the most remote corners of our planet. We are confident that Emphy ecosystem with its simplicity and functionality will win the users’ hearts and help them to conclude their first lodging smart-contract.