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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.
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."
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
