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.

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.”