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.

AccessTimeIconAug 3, 2020 at 5:39 p.m. UTC
Updated Sep 14, 2021 at 9:39 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

  • 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."

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.