Skip to content

Travala Posts a 46% Monthly Increase in Cryptocurrency Travel Reservations Despite the Pandemic

June 1, 2020

According to an announcement made on June 1st, Travala.com has too Monthly income rose 205% in May compared to April. While the platform has more traction compared to April, a 60% drop in reserved nights was also observed in May compared to March.

At Travala.com, bookings are increasing as travel restrictions are lifted

Juan Otero, CEO of Travala.com, told Cointelegraph this The platform is used more than the rest of the travel industry. He explained that domestic travel increases with the lifting of restrictions. He said:

“We are fortunate that our users return as soon as they have the opportunity to travel again, even if this only happens on site or for short weekends. […] The increase is mainly due to domestic travel. “

Data shared by Travala.com also shows that 60% of bookings made in May through the platform were paid in cryptocurrencies. Bitcoin (BTC) was used for 21% of payments, the company’s AVA token for 16%, 23% for other crypto assets.

Travala Posts a 46% Monthly Increase in Cryptocurrency Travel Reservations Despite the Pandemic
Travala Posts a 46% Monthly Increase in Cryptocurrency Travel Reservations Despite the Pandemic

Otero explained that too People are apparently more open to cryptocurrencies than before. In fact, there has been a sharp increase in crypto payments on the platform.::

“More than 60% of our bookings are paid in cryptocurrencies, which is why the volume of travel bookings paid with crypto has increased significantly. I think that’s not just because the adoption of cryptocurrency is increasing day by day, but also because we have created a platform that people can use to pay [con criptomonedas mientras eliminan] a lot of friction. “

Only 40% of payments made at Travala.com in May used credit cards or PayPal. Otero believes Travala.com would not have grown that much if it only supported fiduciary payments. He said the platform’s cryptocurrency features play a big role in his business.::

“We are calling for a market that has been neglected in travel, but that is also growing very quickly, crypto enthusiasm. This helps us to grow faster than others. [agencias de viajes en línea] it just depends on traditional markets. “

Travala.com aims to expand through partnerships and mergers

As Cointelegraph reported at the end of May, Travala.com merged with TravelByBit to expand its capabilities by allowing travel accommodations to be paid for in cryptocurrencies to make booking flights with cryptocurrencies easier.

The merger followed an announcement in November that the company had partnered with online hotel giant Booking.com. The association enables Travala.com users to book all accommodations available on Booking.com via the platform. In January, the company announced that after the partnership, sales increased more than 33.5% month-on-month.

Receive Breaking News !

Install
×
Enable Notifications    Ok No thanks