Travala’s December Surge: How Cryptocurrency is Transforming Travel Bookings

Revenue Growth: The Numbers Are In

December was a month to remember for Travala, as their revenue soared by an impressive 33.5% compared to the previous month. This spike in sales wasn’t just because of holiday travelers filling up bookings; it largely stemmed from their newly minted partnership with a big player in the travel industry: Booking.com. The collaboration opened the floodgates for users to book accommodations using various cryptocurrencies, making it a win-win for all parties.

Accommodation Nights: A Spike in Demand

According to Travala’s official blog (and can we just say, it’s so fresh it might still be warm?), the service recorded a total of 1,528 accommodation nights booked in December. That’s a 15.2% increase from November! Whether people were heading off on holiday or just needed a break from family during the holiday season, it led to a thriving marketplace. The holidays may just be the excuse we all need for a spontaneous escape!

Rising Prices: High Demand Equals Higher Costs

With great demand comes great responsibility… to your wallet. The average room price also saw a bump, increasing over 15% from $115 to $133. This might make you rethink that luxurious ocean-view suite. Depending on who you ask, it could either be a little extra couch surfing or perhaps splurging on that much-needed getaway.

Crypto Payments: Embracing the Future of Travel Transactions

Now let’s talk about how travelers are paying for these escapes. In December, over 60% of bookings were settled with cryptocurrency! Among those, a fashionable 9% opted for Travala’s own token, AVA. For the crypto-savvy, payments were also made using Bitcoin (28%), Bitcoin Cash (8%), credit cards, PayPal, and other crypto assets. Talk about a modern-age travel revolution!

Crypto Meets Tourism: A Trend That’s Here to Stay

The love affair between crypto and travel isn’t a fleeting romance. The industry is increasingly warming up to digital currencies for transactions. Just last December, Alternative Airlines teamed up with Utrust, enabling users to book flights with various cryptocurrencies, showing how the tourism sector is embracing change. Similarly, Norwegian Air announced ambitions to launch their own cryptocurrency exchange! Think of it as skies full of possibilities!