A naukri.com initiative
TheNewsCrypto
2M
417
Crypto Travel Surges as Binance Pay and Travala Redefine Global Tourism
- The amount of cryptocurrency used to pay for travel reservations on Travala increased to over $80 million in 2024.
- Travala’s overall gross revenue increased by 73%, going from $59.6 million in 2023 to $103.3 million in 2024, driven by increased cryptocurrency use.
- Binance Pay is Travala’s most popular external payment method, accounting for 8.5% of all transactions in 2024.
- Binance Pay and Travala.com showcase the growing use of cryptocurrency in the travel industry in a record-breaking year for cryptocurrency-driven bookings.
- The first cryptocurrency travel booking on Travala using AVA tokens occurred on July 20, 2018.
- Crypto-powered travel has become a rapidly expanding sub-industry within tourism due to the demand for borderless and digital experiences.
- Binance Pay is leading the shift from crypto as an investment tool to real-world utility, particularly in the travel sector.
- Travala’s revenue growth and the rise in crypto payments show the increasing acceptance and usage of cryptocurrency in the travel space.
- Crypto tourists spend 2.5 times more per trip than fiat currency users, with an average booking value of $1,211 per transaction.
- Crypto travelers are more impulsive, booking closer to departure, staying longer, and showing higher rates of repeat purchases compared to fiat currency users.
Read Full Article
25 Likes
For uninterrupted reading, download the app