- The newly-added homes are spread across 80,000 travel destinations in the world.
- Per Travala.com, this addition comes as a response to the surging demand for domestic travel.
- According to research, the vacation rental market is set to hit £86.55 billion by 2027.
Travala.com, a leading crypto-friendly travel booking platform, has added new homes to its portfolio. The travel agency unveiled this news via a blog post on August 6, noting that it had added more than 1 million holiday homes in 195 countries to its booking platform. In so doing, Travala.com has provided its user a unique opportunity to book holiday homes using crypto and other traditional payment options like credit and debit cards.
Reportedly, these homes are spread across 80,000 destinations across the globe, and will be available for booking on the firm’s website and mobile applications.
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According to the blog post, Travala.com has managed to become the world’s favorite web 3.0 online travel agency (OTA). This is because it offers its users a chance to make bookings in more than 30 cryptocurrencies. These include, but not limited to bitcoin (BTC), ethereum (ETH), binance coin (BNB), and AVA, the platform’s native crypto token.
Tapping into a promising field
In the publication, Travala.com noted that the addition of the new homes is a response to the increasing demand for domestic travel and alternative accommodation.
Commenting on achieving this feat, Travala.com CEO, Juan Otero said,
“Travala.com now offers over 3 million travel products bookable with cryptocurrencies and is truly emerging as the world’s next OTA version 3.0. Also, demand for non-hotel accommodation is growing fast so the launch of Homes couldn’t come at a better time.”
This news comes after research unveiled that the vacation rental market is set to cross the £86.55 billion mark by 2027. This expansion symbolizes a compound annual growth rate (CAGR) of 3.4%. Per the findings of the research, millennials are the driving force behind this growth. The report projects that they will account for 75% of consumers and travelers in the next five years.
According to this data, Travala.com has dived into one of the fastest-growing fields in the travel sector. Seeing as it is the first firm in the space that allows crypto bookings, Travala.com is poised for great success.
Travala’s strategic partnership with Agoda
This news follows Travala.com’s partnership with Agoda, a digital travel platform to let users settle their travel expenses in BTC among other cryptocurrencies. Through this collaboration, more than 600,000 Agoda hotels across the globe are now available for booking on Travala.com. This strategic partnership has increased the number of properties on Travala.com to 2.2 million.