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Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies

Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns - 60% Paid With Cryptocurrencies

Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies.

Travel Demand Returning Despite Covid-19

Travala.com, a website where travelers can book flights from over 600 airlines and over 2 million hotels and accommodations worldwide, published on Monday its monthly performance report for May. The global travel industry has been severely hit by the coronavirus pandemic, economic crisis, and extended lockdowns.

“We have endured a turbulent few months, due to travel restrictions and border closures resulting in cancellations and reduced bookings,” Travala admitted. However, the company added:

Confidence and a desire to travel are returning with a significant increase in demand … Overall [our] booking revenue for the month of May was $68,162 which is an increase of 205% compared to April.

Traffic to Travala.com grew substantially during the month, the company detailed. Direct traffic to the site from the U.S. grew the most at 541%, followed by Vietnam (118%), the U.K. (80%), the Netherlands (56%), and Germany (54%).

Moreover, “the total number of room nights booked [in May] was 541, which is an increase of 45.8% compared to April.” The top countries booked were the U.S., Thailand, Spain, the Netherlands, Australia, Poland, and Vietnam.

More Than 60% of All Bookings Were Paid With Cryptocurrencies

Travala has listed many business partners across several categories as well as numerous payment methods on its website. Its travel partners include Booking.com, Priceline, and Travelbybit. Its blockchain partners include Binance, Litecoin Foundation, Digibyte, Tron, Huobi, Bitcoin.com, Gemini, Komodo, Waves, Coingate, Gocoin, Kucoin, Crypto.com, and Changelly.

Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies
List of Travala’s partners showing many crypto companies and cryptocurrencies accepted on the Travala.com website.

The crypto-friendly travel booking website accepts a wide range of cryptocurrencies, such as BTC, BCH, BNB, AVA, USDT, ETH, LTC, XRP, TRX, EOS, ADA, WAVES, XEM, DAI, QTUM, DASH, XMR, XLM, NANO, NEO, and GUSD. Overall, the company detailed:

Over 60% of the total bookings in May paid with cryptocurrencies.

Moreover, Travala provided details of popular payment methods used on its website. About 21% of all bookings were paid in bitcoin (BTC), followed by its native token AVA (16%), Crypto.com Pay (14%), BNB (2%), and other cryptocurrencies (7%). Meanwhile, credit card and Paypal accounted for 40%.

What do you think about Travala’s growth? Let us know in the comments section below.

The post Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies appeared first on Bitcoin News.



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