Crypto online hotel booking platform Travala recently reported remarkable 33% revenue growth during the holiday season. At least half of the growth came in December, and Bitcoin has become the most popular currency for payments.
Reservations increase on Travala
Travala received an increasing number of bookings last year. Its recent monthly report reveals that the platform facilitated 1,528 bookings in December alone. This marked a 15% growth since November when users booked 1,326 rooms. The 200 additional bookings in December increased monthly booking revenue by 33.5%.
As expected during the holiday season, the average price per room increased in December. In October, the average price per room was $ 97, which rose to $ 115 in November. It rose to $ 133 in December.
Travala’s crypto journey
Travala allows users to pay using a number of options, especially cryptocurrencies. Bitcoin is the most popular payment option on the platform and was used in 28% of bookings. The platform’s native token called AVA was the second most popular option used in 9% of bookings. The coin competes with Bitcoin Cash, which was used in 8% of reservations.
Ethereum and Binance Coin were used for 4% and 3% of the books, respectively. Interestingly, the Monero privacy coin was only used for 2% of bookings. Other currencies amounted to 6%. For fiat currencies, the most popular payment option was PayPal, which accounted for 37% of payments.
The platform enables hotel reservation payments with the popular cryptocurrencies mentioned above, alongside Ripple’s XRP, Litecoin, Tron, Tether, ADA, DAI, XRB, and NAN. Travala’s own AVA cryptocurrency is based on the NEO blockchain, which was once considered the Ethereum Killer.
The AVA token allows users to benefit from smart discounts and connects them to a loyalty program that offers that 10% savings on hotels and other bookings. The Travala.com portfolio facilitates these transactions on the platform. The smart program currently has 550 members. He owns 5% of the outstanding offer of the 2,305,000 AVA tokens dedicated for this purpose.
The website offers users a variety of hotel and accommodation options ranging from hotels, luxury resorts, villas, apartments and even hostels. In December, the platform’s most important markets were the United States, United Kingdom, Australia, Poland, France, Germany and Italy. Their most popular booking destinations were Australia, Cambodia, France, Italy, Thailand, Vietnam, and the United States.
In November, the website took another step forward by partnering with Booking.com, one of the largest online booking portals. The Travala network added 90,000 new hotel reservation destinations in 230 countries through this new partnership. Today it is one of the largest travel agencies in the world in terms of bookable hotels.