Sirlibz
Travala.com is a website where anyone interested in traveling can book flights from over 600 airlines with over 2 million hotels and accommodations worldwide. The website revealed their monthly performance report for May on Monday.
Since the global pandemic erupted around the world, economies and the traveling industries have been affected greatly. People could not book flights since they were expected to remain indoors and not to leave their homes to speak of their state or country. This lead to a massive decrease in the demand for travels, here is what travala had to say
“We have endured a turbulent few months, due to Travel restrictions and bother closures resulting in cancelation and reduced bookings”
INCREASE IN MAY
The crypto-friendly travel booking platform saw a tremendous increase in May. They had direct traffic from the US about 541%, followed by Vietnam 118%, the UK at 80%, The Netherlands and Germany at 56% and 54% respectively.
Rooms booked through them in the month of May totaled 541, which is an increase of 45.8% compared to the previous month of April. Countries where the bookings were the greatest includes US, Thailand, Spain, the Netherlands, Australia, Poland and Vietnam- reported Decrypt.
Travala noted
“Confidence and a desire to travel are returning with significant increase in demand…..over all our booking revenue for the month of May was $68,162 which is an increase of 205% compared to April”
Travala and Crypto
Travala has different blockchain partners which include: Binance, crypto.com, Digibyte, Litecoin Foundation, Gemini, Bitcoin.com amongst many more.
They accept payments in cryptocurrency ranging from BTC, BCH, USDT, XRM, NEO, EOS, LTC, and many more.
Travala also reveals that over 60% of payments in May was made with cryptocurrency : about 21% of all bookings were paid in BTC, 16% AVA token ( a native token of Travala platform), BNB 2%, then 7% of other accepted cryptocurrencies. Credit card and PayPal completed the other 40%.
“Over 60% of the total bookings in May was paid with cryptocurrencies” – Travala noted
Over the years, cryptocurrencies have been seen as only a temporary tool to hold on to until the value appreciates and then sell for fiat. But every day we get to see people use it like fiat and new use cases created for them through different platforms accepting them as a means of payment might soon change that narrative.
