Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies.
Travala.com, a website where travelers can book flights from over 600 airlines and over 2 million hotels and accommodations worldwide, published on Monday its monthly performance report for May. The global travel industry has been severely hit by the coronavirus pandemic, economic crisis, and extended lockdowns.
"We have endured a turbulent few months, due to travel restrictions and border closures resulting in cancellations and reduced bookings," Travala admitted. However, the company added:
Confidence and a desire to travel are returning with a significant increase in demand … Overall [our] booking revenue for the month of May was $68,162 which is an increase of 205% compared to April.
Traffic to Travala.com grew substantially during the month, the company detailed. Direct traffic to the site from the U.S. grew the most at 541%, followed by Vietnam (118%), the U.K. (80%), the Netherlands (56%), and Germany (54%).