Travala encrypted travel site records 503% revenue increase, 72% of bookings paid with cryptocurrencies

The travel booking website Travala recorded a revenue increase of more than 503% in November from the previous year. Of all bookings, 72% were paid with cryptocurrencies, with bitcoin the most popular choice.

A record month for Travala

Crypto-friendly travel booking website Travala.com released its November monthly earnings report on Tuesday showing a record month.

“The platform’s total revenue for the month of November was $ 920,274 which includes hotel reservations, flight bookings, travel gift cards and integration fees,” Travala explained, adding:

This represents a 76% month-on-month increase from October and a staggering 503% year-over-year growth from November 2019.

The company also revealed that 72% of all bookings in November were paid for using cryptocurrencies. Of all crypto payments made on the site, 22% were in BTC, 20% in AVA, Travala’s native crypto, 7% ETH, 6% LTC, 3% XRP and 3% USDC. In comparison, 17% of all bookings were paid for with credit cards.

Travala accepts a wide range of cryptocurrencies. “We are proud to be the leading cryptocurrency-friendly accommodation booking platform,” describes its website.

Travala currently offers deals on over 2.2 million hotels and accommodations covering 90,124 destinations in 230 countries and territories. It also offers deals on over 1 million houses, apartments and villas.

Furthermore, users can also book over 600 airlines via its partner portal. Travala claims to offer “up to 40% cheaper than traditional travel booking platforms”.

Would you use Travala? Let us know in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, nor a recommendation or endorsement of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article .

Source link