Travala.com Monthly Report: January 2020
Growth Traction Continues with +1,750 Room Nights Booked and Revenue Up +16% MoM
Over 50% of Bookings Paid in Cryptocurrencies
Travala.com & AVA Ecosystem 2019 Roundup
As we move into 2020, we wanted to thank you all for your support and give you an update on our main achievements for 2019, as well as give you a window into the future for Travala.com. 2019 was a year of significant progress with Travala.com and its native token AVA laying solid foundations for the future.
Among many other achievements, during 2019, we delivered significant improvements in several key areas, such as our platform user interface and user experience and the utility of the AVA token. Moreover, we secured capital from leading international investors, migrated from NEO to Binance Chain, rapidly scaled our team, positioned Travala.com as the leading blockchain-based travel booking platform setting ourselves apart from the competition, secured several major partnerships, and grew our user base, traffic, and revenues by over 10x, while consistently promoting the mass adoption of cryptocurrencies.
Staying hungry will be critical to disrupt our industry. Our Vision is to keep building!
Below is our monthly report for January 2020;
Overall booking revenue for the month of January 2020 was up by over 16.2% month-on-month.
The total number of room nights booked was 1,755 which is an increase of 15% compared to December 2019.
Over 10% of all bookings in January were paid in the native AVA token, making it the second preferred crypto payment option behind BTC at 25%.
Top 7 visitors by country were;
- United States
- United Kingdom
Top 7 countries booked were;
- United States
- United Kingdom
54% of the total bookings in January were paid with cryptocurrencies. Here is the breakdown of the payment methods:
Smart Program Update
For those not familiar with our Smart Program, it is based on a tiered rewards system. The higher the Smart level the greater your rewards will be. For example, in the highest reward bracket Smart Level 5 (5000 AVA), users receive a 5% discount on Smart listed hotel and accommodation prices, a 5% loyalty reward following completion of your stay, and also Smart bonus rewards of 1.5% per month of your locked amount of AVA.
Smart Bonus (NEW)
Our latest addition, Smart bonus, makes our rewards program first-in-class. This entitles Smart members to AVA rewards on a monthly basis. The Smart bonus rewards will be calculated at the beginning of every month and will be paid directly to your Travala.com platform wallet. Earn up to 18% per annum on your AVA with Travala.com’s Smart Bonus Rewards.
The Smart Program membership tiers and benefits are as follows;
As of the 31st January 2020, we have 820 SMART members in total which is an increase of 49% month on month. Smart Level members details are as follows:
- Level 5 – 570
- Level 4 – 62
- Level 3 – 42
- Level 2 – 75
- Level 1 – 71
A total of 3,313,500 AVA are locked within our SMART program which represents 9.05% of the circulating supply which is now 36,627,395 AVA. You can see Smart Lockup wallet here on the Binance Chain. https://explorer.binance.org/address/bnb1ujj2knlj7grqlm74vdf4kd7wl7lk6ugtgjewck
Token Swap Update
As of 31st January 2020, a total amount of 39,531,552 AVA have been swapped from AVA (Nep5) to AVA (Bep2) which represents 64.4% of the 61,383,832 AVA total supply. You can follow the progress of the swapped tokens here in the NEO blockchain burn address. https://neoscan.io/address/AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM
Options to Swap your AVA
Now is the time to swap your AVA (Nep) tokens over to the AVA (Bep2) tokens. Full details on the swap options available through this link: https://blog.travala.com/travala-com-is-ready-to-migrate-to-binance-chain-and-the-ava-token-swap-is-now-open
Travala.com Completes First Quarterly AVA Token Burn
As per Travala.com’s whitepaper, the AVA Repurchasing Plan will take place every quarter until 21,571,086 AVA are permanently destroyed. This represents 35% of the total starting supply of 61,571,086 AVA, reducing the overall total supply to just 40,000,000 AVA.
We completed our first burn of 187,254 AVA reducing the total supply from 61,571,086 to 61,383,832 AVA. Full report on the January repurchase and burn
Travala.com – Equity Crowdfund Update
We are now in overfunding stage with our equity crowdfunding campaign with almost $400,000 raised so far with 14 days remaining. These funds will be used to further accelerate our growth in 2020. You can support us by participating now via this link: https://crowdcube.com/travala
Travala.com – Tech Roadmap Q1 2020
As we move into 2020, this first quarter development roadmap will focus on improving the user experience, further enhancing the AVA token utility, growing our user base, and supporting our business development activities and onboarding for our B2B product and partner network. Here is the link to the full roadmap details.
Travala.com Joins Forces with Huobi
We joined forces with the leading global digital asset exchange Huobi Global to integrate their native Huobi Token (HT) as a preferred payment method on Travala.com. See the full details here.
Travala.com adds USDT (ERC20) as a Payment option
We have now added the most well known stablecoin USDT (ERC20) which is now available for payments across Travala.com’s far-reaching presence in 230 countries and territories. See the full details here.
AMA with Juan Otero the Co-Founder and CSO of Travala.com
We were very happy to share an hour of our time with The Moonwalkers telegram channel to have an Ask Me Anything session. Here is a recap of the questions and answers. Read the full AMA here
European BlockCard launch with $10,000 Trip of a Lifetime!
Ternio and Travala.com have announced that the two companies will team up for a promotion like no other. To celebrate the upcoming launch of Ternio’s BlockCard in Europe, Ternio is giving away an exclusive $10,000 vacation to a very exotic location. Travala.com will act as a travel agency and provider of all booking arrangements on behalf of the winner. See the full details here.
Travala.com Partners with NEM
The NEM Foundation and Travala.com, the leading crypto-friendly hotel booking platform, announced the integration of NEM’s XEM token with the travel website’s platform. With the acceptance of XEM, Travala.com continues to provide a secure and accessible hotel booking service to crypto holders. See the full details here
Official Travel Partner of Digital Asset Summit 2020
Travala.com, the leading crypto-friendly hotel booking platform will be the Official Travel Partner for the upcoming Digital Asset Summit (DAS:2020) in New York City on May 13, 2020. This strategic partnership will allow attendees to the conference to save up to 40% on hotel bookings. See the full details here
Travala.com’s AVA token listed on HitBTC with AVA/BTC , AVA/ETH and AVA/USDT pairings
- December 2018
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Where can I buy AVA tokens?
Should you wish to purchase AVA tokens, you can do so from: