{"id":13717,"date":"2021-10-29T04:54:04","date_gmt":"2021-10-29T04:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/travalas-2021-q3-report-shows-crypto-adoption-offset-the-negative-impact-of-the-pandemic\/"},"modified":"2021-10-29T04:54:04","modified_gmt":"2021-10-29T04:54:04","slug":"travalas-2021-q3-report-shows-crypto-adoption-offset-the-negative-impact-of-the-pandemic","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/travalas-2021-q3-report-shows-crypto-adoption-offset-the-negative-impact-of-the-pandemic\/","title":{"rendered":"Travala\u2019s 2021 Q3 Report Shows Crypto Adoption \u2018Offset the Negative Impact of the Pandemic\u2019"},"content":{"rendered":"

The crypto-friendly travel company Travala published its third-quarter 2021 report showing the firm has grown significantly alongside the growth of crypto adoption. In fact, cryptocurrency adoption has \u201cmore than offset the negative impact of the pandemic,\u201d the company said as Travala posted a record-setting quarter in Q3 2021.<\/strong><\/p>\n

Crypto Adoption Bolstered Travel Company Travala\u2019s Third Quarter<\/h2>\n

According to a third-quarter 2021 report published by Travala, the company has seen \u201cexplosive growth\u201d in the firm\u2019s three core services: hotels, flights, and activities. In Q3, Travala introduced its \u201cCommunity Pool\u201d and \u201cCommunity Vote\u201d concepts alongside its \u201cproof-of-travel\u201d NFTs. Thanks to services like hotels, flights, activities, concierge, and integration fees, Travala\u2019s Q3 revenue was $9.8 million which represents 651% growth compared to Q3 2020.<\/p>\n

Travala noted that hotel bookings and flights grew 50% from Q2 2021 and activities increased by 70%. However, the firm\u2019s concierge service saw a decline of 55% which offset the aforementioned increases. The strongest performing service was hotel bookings, but flights had their strongest quarter to date. \u201cOur activities vertical showed strong growth in its second full quarter,\u201d Travala added. \u201cThe number of activities booked almost tripled over the previous quarter.\u201d<\/p>\n

8% of Travala Clients Paid in Bitcoin, 41% Used Alternative Crypto Assets<\/h2>\n

In Q3, to pay for hotels, 12% of Travala customers used traditional payments, and 13% used travel credits. 14% of clients leveraged the crypto asset AVA, 12% used the Binance Pay service, 8% paid with bitcoin (BTC<\/a>), and 41% leveraged alternative crypto assets.<\/p>\n<\/p>\n

While booking services with Travala 8% of users leveraged the Binance Mini-App, 47.4% used a desktop, and 34.4% used a mobile application. Juan Otero, Travala\u2019s CEO, noted in the 2021 Q3 report that one of the biggest challenges this year was dealing with Covid-19.<\/p>\n

\u201cIt is hard to overstate how big a challenge Covid-19 has been for our industry. With signs of recovery increasingly starting to take hold, we are witnessing a staggering amount of transformative innovation rising out of the ashes of the pandemic,\u201d Otero said. \u201cEven with the last years being the most challenging on record for the travel industry, Travala.com has grown exponentially as the rise in cryptocurrency adoption has more than offset the negative impact of the pandemic,\u201d the CEO concluded.<\/p>\n

What do you think about Travala\u2019s 2021 Q3 report? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, accommodations, activities, Alternative crypto, Binance Pay, Bitcoin, Conceirge, Cryptocurrencies, Cryptocurrency, Digital Assets, Flights, Hotels, Payments, Q3 Report, revenue, Third Quarter, Travala, travel, traveling<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto-friendly travel company Travala published its third-quarter 2021 report showing the firm has grown significantly alongside the growth of crypto adoption. In fact, cryptocurrency adoption has \u201cmore than offset the negative impact of the pandemic,\u201d the company said as Travala posted a record-setting quarter in Q3 2021. Crypto Adoption Bolstered Travel Company Travala\u2019s Third…<\/p>\n","protected":false},"author":0,"featured_media":13718,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13717"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13717"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13718"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}