“How will Zangll change the vacation rental market?”
The travel and tourism industry is one of the world’s largest industries. In 2015, global international tourism revenue reached approximately 1.26 trillion U.S. dollars, having almost doubled since 2005. One of the essentials of travelling is accommodation and the supply in that area is growing constantly to keep up with the increasing demand.
As people wish to reduce the cost of their travels the first thing they try to cut is payments to third parties. This has been carried out quite successfully by Airbnb and Booking.com that have collected thousands and more options to one website. This has lowered the prices of short-term vacation rentals by reducing commission fees and introducing large-scale competition. But even with the rise of Airbnb or Booking.com the commission fees are rather high. We at ZANGLL are planning to change this industry radically.
Until quite recently, the Russian real estate rental market was dominated by two to three big companies, with the commission fee on the rental price ranging from 50-100%. Today the commission fees in the short-term real estate rental market are 15-20%. ZANGLL is the first decentralized P2P-platform in the market of short-term vacation rentals that will only charge the transaction fee of 0,45%. No other extra costs are implemented.
With the use of cryptocurrency ZNGL we at ZANGLL can offer - in addition to no intermediary fees - instant payments all over the world. No need to wait 3 bank days or more. ZANGLL will also offer smartcontracts, free property listings, honest ratings (inability to change or fabricate ratings), leased property insurance mechanism, transparent system by using blockchain technology and the possibility of E-locks. ZANGLL system is safe, transparent, fast and uses the latest technologies.
All this will make ZANGLL the future No. 1 brand in the short-term rentals market. The ICO of ZANGLL starts November 29th and ends December 28th, 2017. We at ZANGLL welcome you to join our future success.