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Exploring the Evolution of Cryptotravel: Anticipated Innovations, Challenges, and Impacts
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Author(s): Vikas Sharma (Bhikaji Cama Subharti College of Hotel Management, Swami Vivekanand Subharti University, Meerut, India), Shiv Mohan Verma (Bhikaji Cama Subharti College of Hotel Management, Swami Vivekanand Subharti University, Meerut, India)and Ankit Srivastava (Bhikaji Cama Subharti College of Hotel Management, Swami Vivekanand Subharti University, Meerut, India)
Copyright: 2025
Pages: 16
Source title:
Exploring the World With Blockchain Through Cryptotravel
Source Author(s)/Editor(s): Riktesh Srivastava (City University, Ajman, UAE), Varinder Singh Rana (City University, Ajman, UAE)and Mohd Abu Faiz (City University, Ajman, UAE)
DOI: 10.4018/979-8-3693-6562-5.ch001
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Abstract
Cryptotravel represents a transformative convergence of cryptocurrency technology and the travel industry, heralding a new era of innovation and disruption. This research explores the anticipated innovations, including seamless digital currency payments, decentralized booking systems, and blockchain-based loyalty programs, which promise to enhance security, reduce transaction fees, and improve transparency in travel transactions. Despite these promising advancements, the sector faces significant challenges, including regulatory uncertainties, technological adoption barriers, and cryptocurrency volatility. This paper examines the potential impacts of cryptotravel on travelers, industry stakeholders, and global travel dynamics, highlighting both the opportunities for creating a more inclusive and efficient travel ecosystem and the risks associated with this technological shift. By navigating these challenges, the travel industry can leverage the benefits of cryptotravel to redefine traditional business models and pave the way for a more connected and secure future in global travel.
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