- Xeni Travel seeks to be the Shopify of the travel industry, offering white-label solutions that solve complex payment and data issues in the $11 trillion industry.
- Xeni leverages the Hedera blockchain to offer users scalable, secure and usable solutions, including automating some of the critical processes such as commission payments.
The travel industry was reportedly worth $11.1 trillion by the end of 2022, with market experts predicting it will hit $16.9 trillion by the decade’s end. However, it’s still dominated by a handful of centralized firms. Xeni Travel is out to change this, with the Hedera-powered platform introducing unprecedented security and scalability as the foundation for new business models.
Xeni describes its platform as an operating system for travel that unites travel professionals, inventory providers and travelers on one decentralized platform. The goal is to be the Shopify of travel, providing a white-label solution that any stakeholder can customize to fit their needs. With Xeni, any participant, including the retail service providers who are often overlooked, can launch their own booking engine.
Leveraging @Hedera, the @XeniTravel whitelabel solution is the Shopify of the travel industry ✈️
By solving complex payment and data issues in travel, Xeni enables any travel reseller, influencer, or event organizer to launch their own booking engine 🧵 pic.twitter.com/GeexJBTa6g
— HBAR Foundation (@HBAR_foundation) April 2, 2024
A booking engine is an online platform that processes users’ reservations for hotels, airlines, and any other service throughout the entire travel cycle. While booking engines can be quite expensive to build from the ground up, users can avoid the hassle by leveraging Xeni’s turnkey solution, which requires no coding skills.
Xeni Travel Transforms Travel on Hedera
Xeni’s platform, launched in 2021, relies on the Hedera blockchain. Through its transparent ledger, Hedera allows Xeni users to access every transaction and data, including payments made and debt owed, commissions to be paid, and much more. For context, over 40% of commissions in the travel industry aren’t paid or are delayed.
With Xeni, all payments are made on-chain, and Hedera’s instant transactions and low fees facilitate a smooth experience for users. All fees are pegged to the dollar, giving the platform universal application.
For customers, Xeni delivers benefits such as wholesale travel rates, amazing deals, and resell services, with over two million hotels and resorts and 300,000 trusted partners. It also offers a do-it-yourself (DIY) option where users organize their entire trips and customize them as they deem fit, all while the professionals are on standby to offer assistance.
Sachin Narode, the CEO and founder of Xeni, describes his platform as the ultimate disruptor for online travel, adding that it could only work on a network like Hedera. As Crypto News Flash reported, Hedera has welcomed many new initiatives to better the user experience, including partnering with the Pyth Network for oracle integration.
Narode, who previously served as a tech advisor to American investment banking giant Morgan Stanley, stated:
Xeni is disrupting the online travel industry with unprecedented levels of usability, security and scalability thanks to the Hedera network, which provides the backbone for our platform, enabling us to build trust and foster seamless transactions for our subscribers, their customers and vendors worldwide.
