Binance-Backed Travala.com Enters China's Fast-Recovering Travel Market
"In China, the recovery is happening now and very fast,” said Travala.com CEO Juan Otero.
Sep 17, 2020 at 8:37 p.m. UTCUpdated Aug 19, 2021 at 4:25 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/PC4EWDOUTZBJRPKJTYI5DQZCZY.jpg)
Travala.com has begun courting tourists in China, one of the few regions in this pandemic-restricted world where travel is rebounding to pre-crisis levels.
- The Binance-backed online travel agency has launched a Chinese language website, rolled out a regional customer support team and began marketing to travelers in the country on Thursday.
- CEO Juan Otero told CoinDesk the move positions Travala.com to capitalize on domestic jet-setters and hotel guests in one of the world’s only stabilized travel economies.
- “Europe, the U.S. and our other strong markets will potentially take a good three to four months to recover, whereas in China, the recovery is happening now and very fast,” Otero said.
- China’s beating everyone in travel recovery: Domestic flight bookings are back to pre-COVID-19 levels and hotels are filling up for the upcoming Golden Week holiday – at least in Macau.
- “China is one of the largest domestic travel markets in the world, together with the U.S. and one of the fastest growing as well,” Otero said.
- Travala.com will also soon begin accepting WeChat pay in addition to its current lineup of cryptocurrencies, Otero said.
STORY CONTINUES BELOW
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)