Today, LABS Group and Arsenal officially announce their new collaboration, making LABS Group our hotel and resort association partner in Asia and Europe.

With an emphasis on the hospitality sector, LABS Group’s new Staynex digital marketplace, which debuts at the beginning of next year, will allow hotels and resorts to design and create timeshare plans.

Through the new system, rooms at a network of resorts and hotels throughout the globe will be offered at reduced rates for a predetermined time span over several years. Customers will be able to acquire a residency permit for one of the partner hotels as an NFT (Non-Fungible Token), providing discounted admission to the lodging for the allotted duration.

LABS Group CEO Bernard Lau stated: ” “Working with Arsenal is not only a privilege but also a dream come true for everyone who loves football and wants to be a part of a storied organisation. It will hasten our goal of unprecedentedly fusing the hospitality sector with major brands.”

Source: Prnewswire