The latest report of Travala, a famous flight and hotel booking platform that allows payments in crypto, is really promising: from the data, in fact, we can see how its revenue increased by 179% in a year, despite the Covid-19.
In August alone, Travala reports that almost half a million dollars in bookings were made on its platform and this represented a monthly increase of 9%, proof that they never stopped despite lockdowns and pandemics.
Travala’s traveler data
Another interesting fact that emerges from the report is that in one year the revenue growth has risen to 179%, while if we compare the bookings between last year and this, then we have an increase of 103% on bookings made.
It is interesting to note that for the first time the AVA token was the first token to be used to pay reservations with 19%, a value that even surpasses Bitcoin (BTC) which stops at 11%, while in third position we find Ethereum (ETH).
The use of fiat stops instead at 32%, which seems quite normal since Travala is used mainly in the crypto world.
As far as the most popular destinations are concerned, we find in first place America, in second place France, in third place Holland, while then we have Germany, Italy, England and Portugal. The main tourists were of American, Indian and English nationality, but we also find a good percentage of Italians.
Also the number of tokens blocked for the SMART program, which allows for further discounts on reservations, has increased and there are now over 7.6 million AVA tokens blocked, representing about 18% of the total supply of about 41 million.
These are certainly very interesting numbers. Remember that Travala tokens will also be used as collateral for the Biado stablecoin, BAI, and therefore the company will also have a foot in the world of decentralized finance (DeFi).
Finally it seems that the price of the asset has exceeded its ATH in early August with $2.46, while it is now traded at about the middle of the previous month.