Travala.com Adds Agoda Hotels, Posts Record July Revenue as Crypto Payments Soar
The Binance-backed travel agency brought in $400,000 in July, a 100% increase from the month before.
Aug 3, 2020 at 5:39 p.m. UTCUpdated Aug 19, 2021 at 3:30 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/CIK55L6TNVA5JIWWC634WN74DM.jpg)
Travala.com on Monday entered a partnership with Booking Holdings subsidiary Agoda in the cryptocurrency-focused travel agency's latest tie-up with its mainstream industry counterparts.
STORY CONTINUES BELOW
- Agoda's 600,000 hotels are now bookable on Travala.com, on which users can pay for their vacations in up to 30 different cryptocurrencies, including bitcoin and the native ava token, Travala.com CEO Juan Otero told CoinDesk.
- Travala.com, which has the backing of Binance, forged a similar partnership with Expedia in early July. It's been working to rebound from the revenue woes and booking lows of this spring's COVID-19 lockdowns.
- Otero said "all the pent-up demand" made July a month for the record books: Travala.com generated $400,000 in revenue ("up 100% month-over-month") and saw nearly 70% of all customer bookings paid for with crypto ("up +10% since June").
- "Over 20% of the total bookings for July came via our integration with Expedia," Otero said. "We’re expecting to see another nice boost with Agoda's hotels too."
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)