Travala undertook a Token Generation Event valued at $2.6M early 2018, since then they have achieved global traction hosting 550,000 accommodation listings in 210 countries. With over 12K+ platform users and 140k+ social followers, Travala is driving the use-case of blockchain & Cryptocurrency within a hybrid Online Travel Agency.
The online travel booking market is growing yearly, estimated to reach a global revenue of $820bn by 2020. The average yearly growth of the blockchain industry is 62%, estimated to reach $2.3bn by 2021. Previously, cryptocurrency users had limited access to accommodation, and our aim is to reduce the costs of travel services & make them globally accessible to everyone.
Using the latest technology & aggregating data from our 8 partnered suppliers including HotelsPro & Ratehawk, we have created a simple to use platform which aims to reduce costs of online travel booking.
We accept payments from PayPal and Credit/debit card, as well as 40 of the top cryptocurrencies like Bitcoin and Ethereum. Our incentive programs give cryptocurrency to each user that completes tasks on the platform, creating an interactive and valued booking experience over big players in the travel industry.
- Average monthly growth of 108% in hotel bookings from Nov 2018 to 105 in Feb 2019.
- 30% Return rate from users who have previously booked.
- Ready to scale, with a low-cost booking experience with reach in the cryptocurrency space.
We plan to list on comparison sites such as Kayak.com with the aim of hitting our target of completing 174,000 bookings by the end of 2021. We also aim to increase booking numbers and revenue through sponsorship of events and expand our development and marketing team.