Introduction:
The Internet is a global network connecting individuals and entities around the world. In the 30 years since
widespread use, the Internet has broken down barriers and distances in terms of information and commerce.
In terms of information, where you were once confined to your local newspaper, your local broadcast news and
your local library, you can now find information from every corner of the world.
In terms of commerce, transaction costs have come down where, for example, once all your shopping was done
locally, you can now buy from a number of online websites advertising products from all over the world at
incredible discounts to physical stores.
However, one area that has not reaped all the efficiency gains and reduced costs from the Internet is the travel
industry. Yes, you can find hotel rooms and airfares more easily than before with the proliferation of
comparison travel websites but the travel industry is still underpinned by a legacy cost structure that supports
itself at your expense. From currency translation fees, credit card fees, service surcharges to the inherent costs
of fiat money, the travel industry is rife with transaction inefficiencies that end up costing you money.
Travel is expensive, but we are at the cusp of a revolution that will democratize travel and leisure for
everyone. The Internet was the first part of the revolution. The other part is blockchain technology and
cryptocurrencies.
HoweyCoins is an interesting idea that has ambitions of becoming a universal medium of exchange for travel and will drive down costs in travel by:-
Capturing the value and the inherent efficiencies of cryptocurrencies compared to the current fiat money structure that was created more in service of central governments and the banks that control the international financial system;
Eliminating the extra fees and expenses that underpin the current legacy cost structure in travel; and
Creating synergies between travel services providers—the airlines, hotels and restaurants—and forecasted returns on HoweyCoins valuations to drive initial discounts in the 30%-40% range (and the discounts will exponentially increase as the adoption and usage rate of HoweyCoins increase over time).
HoweyCoins to deliver unsurpassed travel savings;
The promising start up has entered into a number of, and close to finalizing negotiations on just a few remaining, exclusive HoweyCoins partner agreements with a number of large, well-known travel service providers—international
hotel and resort brands, airlines, travel industry-related comparison websites, car rental companies and on-demand online car services, large chain restaurants located in travel hotspots, and travel activity providers such as tour companies and equipment rentals (e.g., diving, bicycles, kayaks, etc.), among others.
The details of the agreements have not been fully uncovered but according to the press release "These hotel and resort partners encompass thousands of properties in every continent save Antarctica. At launch, we will have two of the world’s largest airline alliances."
Airlines that have signed in as HoweyCoins partners are among the top ten and according to the the CEO the airline alliances is accounted for over 60% that will offer a top discount on each travel.
Their Marketing team plans to publicize HoweyCoins and there large network of travel partners with a worldwide media campaign in broadcast, print and physical display ads in airports and other travel hotspots.
Buyers in the ICO will possess the first batch of HoweyCoins and a successful ICO along with the publicity of HoweyCoins and the travel network they have built will provide immediate returns in the valuation of HoweyCoins as more and more people learn of its great value. A large part of the proceeds from the ICO will fund this advertising and publicity campaign.
HoweyCoins partner agreements boast about offering an average initial discount of 30% for airfare and 42% for hotel room. Not only will the travel partners realize savings by bypassing the current fiat money system, they will save all the fees and charges typically incurred when having to deal with banks in all their transactions with customers.
Compared to some other businesses, the travel industry sees a very large number of credit card transactions
on a daily basis with its customers—from the millions that fly daily and pay for WiFi, meals, or drinks on the
flight to the millions that daily rent rooms for travel and order room service. Each of these transactions entails
credit card surcharges, foreign exchange fees and regular bank transfer charges, among others.
This adds up and can represent up to 10% of the value of each transaction. HoweyCoins free the travel partner
from having to constantly incur all these fees and charges. Customers that use HoweyCoins mean additional
savings to our travel partners making HoweyCoins very attractive to them. We have negotiated for the bulk of
these discounts to be passed on to HoweyCoins users.
An Increasingly global world of travelers:
HoweyCoins are being introduce at a time of rapid growth in the global middle class who have more disposable income for travel. In addition, a global cultural change away from material goods to seeking out novel experiences is shifting money being spent on luxury goods to the travel industry. The introduction of HoweyCoins and the ICO is perfectly positioned to capture this explosive growth in travel.
According to the United Nations World Tourism Organization, the current volume of international trips has
grown exponentially since 1950. The organization estimates international tourist arrivals were 25 million in
- In 2016 this number was up to 1.24 billion and is expected to grow to 1.8 billion by 2030. International
tourism receipts in 1950 were US$2.1 billion, had increased to US$919 billion by 2010 and reached US$1,260
billion in 2015.
Conclusion:
HoweyCoins are the cryptocurrency for the travel industry at exactly the right time. Between the confluence of:-
Technological advances in blockchain and cryptocurrencies that is revolutionizing the current legacy fiat
money system;
To being on the cusp of exponential growth in the travel industry;
Coupled with savings realized by our travel partners and passed along to HoweyCoins users; and forecasted returns by the finance teams of our travel partners and expected severalfold increase in valuation upon a second offering to corporations;
your HoweyCoin’s ICO is a can’t miss investment opportunity.