Trivandrum: Hycinth by Sparsa, a premium business hotel in the capital city, has launched Travancore Bar Exchange (TBX), a stock market-modelled bar where prices of drinks change based on real-time demand.
Briefing the media today, Gautham Ramakrishnan, Executive Director, Hycinth By Sparsa said, “TBX is Kerala’s first stock market-modelled bar. It is an exciting and dynamic concept which has been received with great excitement in major metros across India. Hycinth has been known for its innovative concepts in food and beverage experiences in Trivandrum and keeping with this tradition, we thought of bringing the bar stock exchange concept to Kerala.”
The customers will be able to place an order via a specially designed app named ‘Travancore Bar Exchange’ which is available on both Android and IOS platforms and lets them monitor prices and order in real time.
“The sale will begin at a base price and are governed by the laws of demand and supply. Based on the frequency of order and the time periods with which different customers’ place orders, and as the demand for a particular spirit, wine or beer grows or declines; the prices will change. One can get the best price when people are less”, he added.
The ambience of the bar has a much laid back vibe which comes with comfortably designed chairs and couches that can seat around 70 pax. Multiple TV screens displaying the current prices will help guests order their drinks directly to the stewards without the hassles of going through the TBX App, thus benefitting those who are not comfortable using apps.
“Just like the stock market, at TBX, the market can crash anytime and the prices can go plummeting down to the lowest of the evening. This would be the best opportunity for someone to cash in on their favourite drinks at rock bottom prices. TBX is aimed to be very lively and trend changing bar in Kerala with innovations at every step”, said Gautham.
Kiranram Ramesh, Joint Director; and S Bala Krishnan, General Manager; were also present for the press conference.
Kerala Biz News
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