Travala sees 205% increase in booking revenue as travel demand returns. 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.
Travala.com, a website where travellers can book flights from over 600 airlines and over 2 million hotels and accommodations worldwide has been severely hit by the coronavirus pandemic, economic crisis, and extended lockdowns. However, the firm recently shared that “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. 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%).
Additionally, “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.
The company reported that over 60% of the bookings were paid in cryptocurrency. Its blockchain partners include Binance, Litecoin Foundation, Digibyte, Tron, Huobi, Bitcoin.com, Gemini, Komodo, Waves, Coingate, Gocoin, Kucoin, Crypto.com, and Changelly.
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%.