Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies

Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies

Travel booking website Travala saw an increase in revenue of over 503% in November compared to the previous year. Out of all bookings, 72% were paid with cryptocurrencies, with bitcoin being the most popular choice.

A Record Month for Travala

The up and coming crypto-friendly travel booking website Travala.com released its monthly earnings report for November on Tuesday showing a record month.

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

This represents a month-on-month increase of 76% compared to October and a staggering 503% year-on-year growth compared to November 2019.

The company further revealed that in November, 72% of all bookings were paid using cryptocurrencies. Out of all the 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 using credit cards.

Travala accepts a wide range of cryptocurrencies. “We pride ourselves on being the leading cryptocurrency-friendly accommodation booking platform,” its website describes.

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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 homes, apartments, and villas.

In addition, users can also book over 600 airlines via its partner portal. Travala claims that it offers “up to 40% cheaper than mainstream travel booking platforms.”

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

The post Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies appeared first on Bitcoin News.