As you probably know if you follow our Bitcoin news, the Travala crypto bookings platform partnered with Expedia earlier this year. Now, reports from the cryptocurrency travel platform show that the Travala bookings skyrocketed by 68% while the booking revenue increased by 75% in the two weeks after partnering with Expedia.
According to the CEO of Travala Juan Otero, the firm’s booking revenue increased by 75% in the two weeks after they partnered with Expedia. The overall number of their bookings grew by 68% over the same period.
Otero also talked about the portion of the Travala bookings paid for with crypto assets and how it sharply increased. He said:
“We’re also seeing a sharp increase in the number of bookings paid with cryptocurrencies, particularly in the native AVA token as the preferred crypto payment option after Bitcoin. From 59% of the total bookings in June paid with cryptocurrencies to almost 70% so far in July following the recent partnership with Expedia.”
According to the CEO, the sharp increase was mostly triggered in February (before the world pandemic), when Travala.com reached monthly booking values close to $400,000 with 60% of them being paid for in cryptocurrency. During the current month, he expects that his firm will exceed $200,000 in monthly booking revenues.
Otero also noted that the Expedia partnership is a significant factor in the growth pace of Travala. As he explained in the cryptocurrency news:
“The easing of travel restrictions has definitely impacted our recovery, however the acceleration of growth we’re witnessing since the partnership with Expedia is significant. As we partner with more leading travel suppliers like Expedia, the Travala.com platform becomes more and more competitive.”
As a final comment, the CEO also noted that Travala.com is in active talks with several other major potential business platforms. The cryptocurrency powered booking platform has already seen some significant partnerships this year. In February, for instance, it partnered with Crypto.com, a payments provider from Hong Kong. In May, Travala merged with another cryptocurrency denominated platform, TravelByBit.
All of this is a clear sign that crypto and travel are industries that go well together and paying for travel with cryptocurrencies is a great case study for the future.
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