Travala.com Records Revenue Growth Despite Pandemic

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Summary

Additionally, Travala.com has teamed up with TravelByBit to allow users to pay for travel expenses, as well as to simplify crypto bookings of airline tickets. According to Juan OTERO, CEO of Travala.com, the increase in the number of bookings is resulted by the removal of restrictions on domestic travel. Travala.com increased its monthly revenue in May by 205% in comparison with April. Otero added that people began to use cryptocurrencies more often - a sharp increase in crypto payments on the platform is an evident proof of his words. The CEO is also sure that Travala.com would not grow if it supported only fiat payments - in his opinion, the crypto features of the platform play an important role.

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Travala.com increased its monthly revenue in May by 205% in comparison with April. However, the number of room nights booked was reduced by 60% compared to March. According to Juan OTERO, CEO of Travala.com, the increase in the number of bookings is resulted by the removal of restrictions on domestic travel.

The data provided by Travala.com also shows that 60% of orders made through the platform in May were paid in cryptocurrency. 21% of payments were made in bitcoins, 16% of customers used the AVA token to pay, 23% used other crypto assets. 40% of customers used credit cards and PayPal for payment. Otero added that people began to use cryptocurrencies more often - a sharp increase in crypto payments on the platform is an evident proof of his words.

The CEO is also sure that Travala.com would not grow if it supported only fiat payments - in his opinion, the crypto features of the platform play an important role. Additionally, Travala.com has teamed up with TravelByBit...

Read the full article @ Bitnews Today