Sleeping On Bitcoins - Bahrain Hotel Now Accepts BTC

Over the past decade, Bitcoin and other cryptocurrencies have been making waves in the world of finance, with more and more businesses accepting them as a form of payment. One industry that has been particularly receptive to the use of Bitcoin is the hotel industry. In recent years, an increasing number of hotels have begun accepting Bitcoin payments, giving travelers more options when it comes to paying for their stays. This trend has been driven by a variety of factors, including the growing popularity of Bitcoin among consumers, the lower transaction fees associated with cryptocurrency payments, and the desire of hotels to stay competitive in a rapidly changing marketplace.

In this article, we will explore the rise of Bitcoin payments in the hotel industry and the benefits this new payment method can offer to travelers and hoteliers alike. To start with, let’s go over a top Bahrainian Hotel that pioneered the embracing of Bitcoin in its region.

Novotel Bahrain Al Dana Resort

Novotel Bahrain Al Dana Resort is one of the most popular hotels in Bahrain, known for its luxurious amenities and breathtaking views of the Arabian Gulf. However, the hotel is not only known for its top-notch hospitality but also for its innovative approach to payment methods. 

In February, Novotel Bahrain Al Dana Resort became the first hotel in the region to accept Bitcoin and other cryptocurrencies as payment for its services. Having partnered with Eazy Financial Services, the hotel can now be paid with crypto via the Binance app at its terminals in every outlet.

This move by Novotel Bahrain Al Dana Resort is in response to the growing popularity of cryptocurrencies around the world. Bitcoin, in particular, has gained significant attention over the past few years, with more and more people investing in it and using it for transactions. By accepting Bitcoin and other cryptocurrencies, Novotel Bahrain Al Dana Resort is catering to a new group of customers who prefer to use digital currencies.

Beyond its embrace of digital payments, Novotel Bahrain Al Dana Resort is a luxury hotel that promises its guests a relaxing stay. Listed on TripAdvisor’s list of the best hotels in the country, the hotel features a swimming pool, gym center, and private sandy beach, among other facilities.

Novotel Bahrain Al Dana Resort is not the only hotel to accept Bitcoin and other cryptocurrencies as payment. Several hotels and resorts across the world have already started accepting cryptocurrencies, and the trend is only expected to grow in the future. Here are a few of them.

Other Hotels That Accept Crypto Payments 

Dolder Grand

Switzerland being at the forefront of the adoption of crypto assets, its famous Dolder Grand hotel was quick to adopt cryptocurrency payments. Travelers can foot the bill for their stays with Bitcoin and also pay for their flights the same way through a collaboration with BitLux private jets.

Palazzo Versace

Luxury hotel Palazzo Versace in Dubai announced late last year that it would begin to accept crypto payments through Binance. Now, guests that want to make payments in crypto can choose from a variety of options, including Bitcoin, BNB, and Ethereum.

The Pavilions Hotels & Resorts

Last summer, the Pavilions Hotels & Resorts achieved the distinction of being the world’s first global boutique hotel group to allow guests to make hotel bookings with cryptocurrency. Thanks to a collaboration with global crypto-payment gateway Coindirect, guests can utilize a range of digital currencies, including Bitcoin, Ethereum, and 40 others, to pay for their stays at any of Pavilions’ numerous locations spread across Europe and Asia. 

Soneva Hotels

Guests in Soneva’s chain of resorts in Maldives and Thailand have the option of paying in Bitcoin and Ethereum. Beyond paying for their stay, foreign travelers in the Maldives can also tap from an investment opportunity by using cryptocurrency to buy a spot on the hotel’s real estate program, Soneva Villa Ownership.

The Chedi Andermatt

At the Chedi Andermatt in the Swiss Alps, bills starting from CHF 200.00 (approximately $213) can be cleared with crypto. The hotel is one of the first Swiss luxury hotels to embrace cryptocurrency payment options.

Benefits Of Paying With Crypto

Crypto adoption has seen an exponential increase across the globe. In the world of hospitality, it packs multiple benefits both for a hotel and a guest. Many travelers know this, which is why a survey by Travala.com found that 22% of American travelers intend to pay for part of their trip with crypto. Here are some of the benefits the travelers know:

Reduced Transaction Fees

One of the primary advantages of accepting cryptocurrency payments is the reduced transaction fees. Traditional payment methods, such as credit cards and bank transfers, come with hefty transaction fees, which can eat into the hotel’s profit margins. In contrast, cryptocurrency transactions typically involve lower fees, which can help hotels save money in the long run.

Faster and More Secure Transactions

Cryptocurrency transactions are processed almost instantly, which can reduce waiting times for guests when making payments. Additionally, cryptocurrencies are highly secure, and blockchain technology ensures that transactions are tamper-proof and irreversible. This provides an added layer of security for both the hotel and the guests.

Global Accessibility

Cryptocurrencies are not tied to any specific country or region, which means they can be used by guests from anywhere in the world. Accepting Bitcoin and other digital currencies can, therefore, expand a hotel’s customer base and make it more accessible to international travelers.

Marketing and Publicity

Hotels that accept Bitcoin and other cryptocurrencies can tap into a growing market of tech-savvy crypto enthusiasts. This can attract a new demographic of customers and generate positive publicity for the hotel. Additionally, accepting cryptocurrency payments can position a hotel as a forward-thinking and innovative business, which can be a valuable marketing tool in today’s competitive hospitality industry.

Potential for Investment

Accepting Bitcoin and other cryptocurrencies can also provide a hotel with a potential investment opportunity. While cryptocurrencies are highly volatile and their value can fluctuate rapidly, there is a positive angle. By accepting crypto payments and holding onto them, hotels can potentially benefit from any future price increases in the cryptocurrency market.

Make Your Hotel Stand Out With Crypto

The acceptance of bitcoins and other cryptos in hotels is a great idea. But what if hotels could take their use of cryptocurrencies to the next level? What if they could incorporate it into a unique business idea that would further differentiate them from their competitors? This is where the concept of an online crypto casino comes in.

By offering an online crypto casino that complements its brand, hotels can tap into a growing market of cryptocurrency users while also providing a unique experience for their guests. This approach is especially relevant in today’s digital age, where many customers prefer the convenience of online transactions and gaming.

Instead of a standard brick-and-mortar casino, a hotel can have an online crypto casino that offers a variety of games such as slots, table games, and other bitcoin casino live dealers games that guests can enjoy from the comfort of their hotel rooms. Not only does the hotel get to save on operational costs, as physical casinos can cost an arm and a leg to build and maintain, but it also gets to attract a wider range of customers, including cryptocurrency enthusiasts and gamers who may not have been interested in the hotel before. These benefits add up to increased revenue and brand recognition for the hotel, as well as increased customer loyalty and satisfaction.

Traditional Payment VS. Crypto Payment: Which Is Better?

When it comes down to hotel payments, the benefits of crypto payments outweigh those of traditional payment methods for hotel transactions. Crypto payments do come with some drawbacks, such as volatility. But its offering of faster transaction processing times, increased security and privacy, lower transaction fees, and the potential for increased customer loyalty make it the superior choice for hotels and guests.