Travala.com Monthly Report: October 2020
Best Month to Date for Travala.com with a Staggering 387%
Year-on-Year Growth Despite COVID-19
Below is our monthly report for October 2020;
Total revenue for the month of October was $521,898 which includes hotel bookings, flight bookings, and listing fees. This represents a month-on-month increase of 35% compared to September and a staggering 387% year-on-year growth compared to October 2019, making this the best month so far for Travala.com.
- The total number of room nights booked was 1,769, up over 60% compared to October last year.
- Over 387% year-on-year revenue growth compared to October last year.
- 16% of all bookings in October were paid in the native AVA token, making it the second preferred crypto payment option after Bitcoin (BTC).
- 75% of all bookings were paid with cryptocurrencies setting a new record for total bookings paid with cryptocurrencies.
- New record number of Smart members with 2,059 as of 31st October.
- A total of 8,294,000 AVA are locked representing almost 20% of the circulating supply.
October was a busy month for partnerships and product development that saw Travala.com joining forces with Tripadvisor’s Viator to add over 400,000 Tours and Activities worldwide, and other industry-leading blockchain projects such as Fantom, Zilliqa and Ocean.
We launched new versions of our mobile apps on iOS and Android, released our Q4 Roadmap, deployed AVA on Binance Smart Chain, announced the Travel Tokens, and released Travel credits which is a key component of our corporate travel accounts and the base layer for our long-anticipated Travel Gift Cards product.
Top 7 visitors by country were;
- United States
- United Kingdom
Top 7 countries booked were;
- United States
- United Kingdom
Travala.com room night metrics;
75% paid with cryptocurrencies;
Smart Program Update;
Get up to 10% Savings on Travel Bookings and 24% APY Bonuses on your locked AVA with our Smart Bonus Rewards
Smart program offers up to 5% discount off the listed prices together with up to 5% loyalty reward after you have completed your stay. It works on holding a tiered amount of AVA in your Travala.com wallet. When activated it applies to hotel and accommodation bookings that have the Smart Icon available.
You will also earn bonus rewards of 24% APY of your locked amount of AVA paid on a monthly basis of 2%. Read more HERE
As of 31st October 2020, we have 2,059 SMART members in total. Smart level details are as follows:
- Level 5 – 1,397
- Level 4 – 182
- Level 3 – 127
- Level 2 – 174
- Level 1 – 179
A total of 8,294,000 AVA are locked within our SMART program which represents 19.85% of the circulating supply which is now 41,780,171 AVA.
By Popular Demand, Travala.com to Offer One Last Chance for Equity
Travala.com is fundraising on leading investment crowdfunding platform Crowdcube
We have raised over US $1.2 million already. Support us on our vision to change the travel booking experience. Invest now before our round closes ⬇️
Travala.com Roadmap for Q4 2020
The focus is on building out the product offerings by adding flights, activities and package bookings. Optimising and improving our existing products and prioritising new features that add real value to Travala.com and AVA ecosystems.
Travala.com Completes 4th Quarterly AVA Token Burn
We have now completed our fourth quarterly burn of 46,947 AVA reducing the starting total supply from 61,571,086 to 61,181,769 AVA. Read more HERE
Travala.com Launches the AVA Token on Binance Smart Chain
The AVA token is the latest cryptocurrency to join Binance Smart Chain (BSC) after launching on the BSC mainnet today. BSC, which runs parallel to Binance Chain, introduces smart contract functionality that presents opportunities to significantly expand the use cases for AVA. Read more HERE
The latest version of the Travala Mobile App 1.2.0 was released and now available for use.
Travala.com will integrate Utrust’s payment solution for travel bookings
Utrust’s CEO, Sanja Kon, commented: “Travel is everything to people. It’s both the most important hobby in many of our lives and a key aspect of doing business. People both love it and need it. There’s no questioning that we would want to bring the power and transparency of digital currencies to this market. This is how we change the world.”
Travala.com Partners with Ocean Protocol to Integrate OCEAN
Ocean Token Holders will soon be able to Book at over 2.2 Million Hotels & Homes in 230 Countries Boosting Ocean’s Adoption. Read more HERE
LINK is now live as a Payment Option to book at +3M Travel Products Worldwide on Travala.com
Travala.com Partners with Zilliqa to Integrate ZIL
Travala.com, the world’s leading crypto-friendly OTA and Zilliqa, the high-performance, a high-security blockchain platform, announced a strategic partnership including the integration of Zil on the travel website’s platform. Read more HERE
Travala.com Partners with UTU Trust Infrastructure
Following this partnership, Travala.com will be integrated throughout UTU’s subsidiary network of mobility apps across Africa, boosting its presence in the world’s second-largest and second-most populous continent. Read more HERE
Travala.com Partners with Fantom
FTM Token Holders will soon be able to book over 3,000,000 travel products worldwide, including hotels, homes, flights, tours, and activities Boosting Fantom’s Adoption. Read more HERE
Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service with 3,000,000 travel products worldwide, including hotels, homes, flights, tours, and activities. Backed by industry-giant Binance, Travala.com is a champion of cryptocurrency adoption, accepting over 30 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving loyalty rewards, discounts and bonuses, among several other use cases. In addition to unbeatable prices via its Best Price Guarantee, Smart users on Travala.com can also enjoy additional discounts and loyalty rewards for eligible bookings made on the platform.
For more information about Travala.com, visit: www.travala.com.
For more information about AVA, visit: www.travala.com/ava