Travala crosses $100 Million in annual revenue
Leading Web3 travel platform Travala has crossed $100 million in annual revenue. Following this milestone, Travala is rolling out a new Treasury Reserve Plan, holding a part of it in BTC and AVA as the treasury tokens.
The AVA Smart Program (backed by the AVA token) is a partnership between Travala and the AVA Foundation that empowers travel loyalty rewards. Travala’s reserves and operations depend on BTC and AVA, with millions of dollars in these digital currencies booked each year.
Furthermore, these cryptocurrencies are crucial to the loyalty program and allow users to earn and apply rewards.
Travala, founded in 2017, is a top crypto travel booking service with over 2.2 million properties in 230 countries, over 400k activities, and over 600 airlines worldwide.
Travala supports cryptocurrency adoption with over 100 significant cryptocurrencies and traditional payment methods. Including its Best Price Guarantee (and with no fees), Travala’s Smart members enjoy additional discounts and rewards at checkout on eligible bookings.
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Travala offers Bitcoin rewards upon bookings
The features of the Web3 travel platform, such as Bitcoin rewards for bookings, Skyscanner and KAYAK partnerships, and the strong performance of the crypto market overall, played a massive role in the platform’s growth.
More and more travelers are opting for blockchain-based services to book flights, hotels, and activities using traditional money and cryptocurrencies.
Travala’s CEO Juan Otero said, “Surpassing $100 million in gross revenue is a huge milestone, but for us, it’s just the beginning”.
He added that BTC and AVA will enable the platform “in harnessing myriad opportunities to further innovate at the intersection of blockchain and travel as new advancements take place in the Web3 world.”
This Treasury Reserve plan underlines Travala’s promotion of long-term growth and adoption of Web3. BTC and AVA will be kept in the treasury, helping with liquidity and expansion.
Travala created the Treasury Reserve Plan to support its expansion of travel offerings, promote blockchain adoption within the $10 trillion global travel market, enhance user experiences, and drive travel innovation.
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