- The amount of Cryptocurrency used to pay for travel reservations at Travala increased to over $ 80 million in 2024/
- Travala’s total gross revenue increased by 73%, from $ 59.6 million 2023 to $ 103.3 million in 2024. The increase was driven by Travala’s increased use of Cryptocurrency.
- Travala’s most popular external payment method is Binance Pay, which accounted for 8.5% of all transactions in 2024.
Today pays binance and Travala.com Unveiled new statistics showing the exponential development of the use of Cryptocurrency in the travel industry. The year 2024 will be a record year for bookings run by Cryptocurrency. In front of Bitcoin Pizza Day, the two platforms pay attention to the emergence of a new type of travelers: those who prioritize digital experiences, are high expenditure and motivated by loyalty.
A hotel stay paid to use AVA tokens was the first Cryptocurrency travel booking that was carried out at Travala, which took place on July 20, 2018. Almost immediately after that, early adopters began to use Cryptocurrency as their preferred method of traveling all over the world. Like, Gilles, a millennial crypto traveler from France who started booking with crypto 2019, put it: “Crypto Travel is your ticket to freedom. No banks, no limits, just quick, cheap access to your money anywhere.”
Fast flushing up to today, and crypto -driven journeys have emerged as one of the fastest growing underworks in the tourist sector. This growth is driven by the need for experiences that are boundless and digital.
Jonathan Lim, Global Manager of Binance Pay pronounced:
“We see a clear transition from crypto as an investment tool to real tool and travel leads the way. Binance Pay drives this transition by making digital payments global, fast, seamless and cost-effective for a new generation travelers who value freedom and flexibility.”
Juan Otero, CEO of the work said:
“The boundless nature of Krypto makes trips to one of the most clear cases for crypto, which allows Travala to provide seamless, real tools globally. In today’s landscape, where the global Stablecoin transaction volume exceeds visa and mastercards combined volume, it is clear that it is already clear that the crypto is already a crucial that is already clear that the crypto is already that the crypto is already a clear that is clear that the crypto is already clear that the crypto is already clear that the crypto is already clear that the crypto is that it is clear that it is already clear that the crypto is already clear that the crypt. becomes more distant.
Important insights:
- The amount of Cryptocurrency used to pay for travel reservations at Travala increased to over $ 80 million in 2024, up from $ 45 million in 2023 on the platform. The fact that Cryptocurrency drives the expansion of the platform and establishes it as the GO-to alternative for crypto-in-born tourists is shown by the approximately 80 percent increase that occurred from year to year.
- Cryptocurrency is used to pay for about 80 percent of all reservations made at Travala so far.
- Travala’s total gross revenue increased by 73%, from $ 59.6 million 2023 to $ 103.3 million in 2024. The increase was driven by Travala’s increased use of Cryptocurrency.
- Travala’s most popular external payment method is Binance Pay, which accounted for 8.5% of all transactions in 2024. This sets it before competing payment methods such as credit and debit cards (8%), Apple Pay, WeChat Pay and other options.
- Binance Pay has been responsible for facilitating approximately 22,000 reservations at Travala since 2021, with a total of more than $ 18.5 million in Cryptocurrency travel expenses.
- Binance Pay was responsible for more than $ 8 million of bookings at Travala 2024 alone.
*This ranking only takes into account external payment methods; It does not take into account direct Cryptocurrency payments such as those made with Travala wallet or travel credits.
- Compared to users of Fiat currency, cryptoturists spend 2.5 times more each trip: On average, the value of a Cryptocurrency booking is $ 1 211 per transaction, while the value of a Fiat currency booking is $ 469.
- Travelers who use Cryptocurrency are more impulsive: On average, they book 11 days closer to departure than users of Fiat currency, indicating that they have a more customizable attitude to travel.
- Crypto travelers tend to stay longer: it is three and a half times more likely that they will schedule stays in three nights or longer when it comes to residents.
- Travelers who use Cryptocurrency have a higher degree of repeated purchases: compared to users of Fiat currency, crypto travelers are 57% more likely to book another hotel at Travala after making their first reservation.
Cryptocurrency -tourists redefine the travel landscape by choosing cities that are internationally linked and places that are susceptible to Cryptocurrency.
Travel driven by Cryptocurrency also sees growth in digital Nomad threats such as Lisbon, Barcelona and Mexico City, which are places where distant workers adopt boundless lives.
