Travala achieved significant revenue growth with 60% of bookings paid with crypto during the Christmas holiday season

By Dorothy 01/6/20 5:19 AM

Travala, a service that allows users to pay for hotels in crypto, will enable its guests to book any hotel that can be booked through Booking.com.

Travala announced in a press release on November 25 that it has integrated reservation services on its platform. This new feature will allow users to book 90,000 different destinations using cryptocurrencies.

Travala has registered a significant increase in bookings during the Christmas season. More than half of the money in December was paid for in cryptocurrency, with bitcoin cash among the preferred options.

Travala registered significant growth in December

As the travel companies have published in the recent monthly report, Rooms booked through the website Travala.com have steadily increased throughout 2019, surpassing another milestone last month. The total reached 1,528 in December, corresponding to a 15% increase from November when 1,326 room nights were booked.

Total booking revenue has increased by 33.5% compared to the previous month, document details. In addition to the increase in room bookings, the average price per room also increases – from $ 97 in October and $ 115 in November to $ 133 in the last month of 2019, when the booking volume peaked.

Of the 60% of all Travala bookings in December that was paid with cryptocurrencies, topping the list with 28% were BTC, followed by the platform’s native AVA token, Bitcoin Cash, Ethereum, Binance coin and dash, Monero and other cryptocurrencies. Fiat deals with credit cards, and Paypal shared 37%.

Crypto payment gateway Travala Last accepted a variety of cryptocurrencies, including XRP, LTC, TRX, NAN, XRB, ADA, DAI, and TUSD, allowing cryptocurrency enthusiasts to pay for services of themselves with their favorite digital currency.

Travala becomes one of the largest online travel companies

Travala.com now offers customers the opportunity to book rooms at more than 2,000,000 hotels and guest rooms worldwide, including high-end resorts, apartments, villas, and hostels. The top seven visitors by country were from the United States, Great Britain, Italy, Germany, France, Poland, and Australia. The top seven destinations by booking are Thailand, Cambodia, the United States, Australia, Italy, Vietnam, and France.

In November, Travala announced a new partnership with the popular online portal Booking.com, adding 90,000 destinations in more than 230 countries.

Entering 2020, Travala plans to focus on developing user base and improving user experience. Further enhancing the AVA token utility, bringing more travel businesses into its B2B platform, and expanding partner network is one of the top priorities outlined in the company’s roadmap for the first quarter of this year. Travel.com also plans to add several new payment methods, including cryptocurrencies and local payment options.