Travala's Q3 report 2021 shows that the introduction of crypto compensates for the negative effects of pandemic-

The crypto-friendly travel company Travala has published its report for the third quarter of 2021, which shows that the company has grown significantly with the increase in the introduction of crypto. In fact, the introduction of cryptocurrency "the negative effects of pandemic more than balanced", said the company when Travala recorded a record quarter in the third quarter of 2021.

crypto introduction strengthened the third quarter of the travel company Travala

According to a report published by Travala, the company has "explosive growth" in the company's three core services: hotels, flights and activities. In the third quarter, Travala introduced the concepts "Community Pool" and "Community Vote" alongside his "Proof-of-Travel". Thanks to services such as hotels, flights, activities, concierge and integration fees, Travala's sales were $ 9.8 million in the third quarter, which corresponds to growth of 651% compared to the third quarter of 2020

Travala found that the hotel bookings and flights rose by 50 % and the activities by 70 % from the second quarter of 2021. However, the company's concierge service recorded a decrease of 55%, which compensates for the above climbs. The strongest performance was hotel bookings, but flights had the strongest quarter. "Our vertical activity area recorded strong growth in the second full quarter," added Travala. "The number of activities booked has almost tripled compared to the previous quarter."

8% of Travala customers paid in Bitcoin, 41% used alternative crypto-assets

In the third quarter, 12 % of Travala customers used traditional payments and 13 % travel cuts to pay hotels. 14% of customers used the crypto-asset AVA, 12% used the Binance Pay-Service, 8% paid with Bitcoin ( btc )) 41% used alternative crypto-assets.

While 8% of the users used the Binance mini app when booking services with Travala, 47.4% used a desktop and 34.4% a mobile application. Juan Otero, CEO of Travala, found in the Q3 report in 2021 that one of the greatest challenges this year was dealing with Covid-19.

"It is difficult to overestimate how great the challenge of Covid-19 for our industry. In view of the increasing signs of relaxation, we experience an amazing amount of transformative innovations that arise from the ash of pandemic," said Otero. "Even if the recent years have been the biggest challenges for the travel industry, Travala.com has grown exponentially because the increase in the introduction of cryptocurrencies has more than balanced the negative effects of pandemic," concluded the CEO.

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