Travala‘s latest monthly report was published yesterday – covering the month of February – which shows that, despite the vicissitudes of the Coronavirus, the platform has recorded an increase in hotel bookings.
#Travala Monthly Report: February 2020
2,300+ Room Nights
Revenue Up +55% MoM
57% Paid with Crypto
11% Paid with #AVA token
1,023 SMART members
4,186,000 $AVA locked
11.7% of the circ supplyhttps://bit.ly/2vvg6LLTravala.com Monthly Report: February 2020
Travala.com Monthly Report: February 2020 Growth Continues with 2,300+ Room Nights and Booking Revenue Up +55% MoM 57% of Bookings Paid with Cryptocurrencies Below is our monthly
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As the report shows, even in February Travala saw a double-digit increase, almost 35%, compared to January, with over 2300 rooms booked, despite the spread of the Coronavirus and its impact in the crypto world.
Among the various destinations preferred by travellers, the US is in the first place, followed by Thailand, England, Spain, Dominican Republic, Germany and Australia. There is a shortage of Asian destinations perhaps precisely because of the virus.
As far as the use of cryptocurrencies is concerned, they once again beat fiat with 57% against 43%; the most used crypto assets were BTC with 23%, AVA with 11% and then ETH in third place, but the report also mentions USDT, BCH, Crypto.com and Dash.
It should also be noted that the Travala platform allows locking AVA tokens to receive discounts on bookings and, the total number of SMART users who have staked these tokens has exceeded a thousand units, locking a total of over 4 million AVA, over 650 thousand dollars: this is 11% of the circulating supply of 35 million AVA.
In short, once again, despite the difficulties of the last period above all due to the closing of borders and meeting places, this has not affected in any way the growth of the tourism sector and the use of crypto as a method of payment.
Even the price of the AVA token, with a value around $0.16 and occupying the 429th position on CoinMarketCap, seems not to have been particularly affected by the impact of the virus, and indeed has seen a recovery of just under +6%.
The worldwide economic uncertainty of the coronavirus leads to falling prices of the most popular cryptocurrencies as well as stocks. Industry experts are currently discussing whether Bitcoin will initiate a trend reversal.