he bigger opportunity for blockchain platforms could be with the independent pool of global hotel properties. On the whole, this segment is much more dependent on third parties for distribution and also tends to pay a commission premium, due to a lack of bargaining power. On the high end, independent properties pay as much as 25 percent commission on an online travel agency booking. Hotels also capture a large share of their travel through direct channels. That includes brand.com websites and corporate contracts. Other channels beyond online travel agency and digital-direct can amount to a significant portion of total bookings. Get the full story at Skift