As the world slowly recovers from the COVID19 pandemic, demand for travel services is on the rise. It comes at a time when crypto markets have been experiencing unprecedented growth in demand. Travala.com, which is a crypto-friendly travel agency, has seized the moment to launch Concierge, a new service for high-net-worth individuals.
What Users Of Travala.com Get
Travala.com is an online travel agency (OTA) that offers access to over 3 million travel products globally. The platform is backed by Binance, the leading crypto exchange. Travala.com is designed with crypto users in mind. Users of the platform can pay in fiat and over 40 crypto coins. In the past, they have partnered with projects such as Cardano to make crypto payments easy. Around 70% of all bookings on the platform are in crypto, with Bitcoin and AVA being the leading crypto coins used.
In March, the platform saw a record $1.7 million in bookings, which marked a 730% growth from the previous year.
Travala.com Unveils Concierge
Concierge is a travel service that was unveiled by Travala.com on April 30, 2021. The Concierge service is designed for users willing to spend $50,000 or more annually on the Travala.com platform. It offers such individuals access to luxury travel across the world. Users of the services will have access to yachts, private jets, private islands, limousine and helicopter transfers, and much more.
Travala.com designed Concierge with individuals whose main goal is to have a great experience and seek the “extra mile.” Some of the services that users of the service will access include on-demand bookings, exclusive services, exclusive perks, expanded payment options, and more.
Users of the service will also have access to a rewards program, which will be paid in AVA, the native token of Travala.com. Travelers can use AVA to pay for services and reduce costs. Additionally, they can convert AVA into other supported currencies.
A New Service Amidst A Recovering Travel Sector
The Concierge service comes amid a recovery by the travel industry. It was one of the sectors that got hit the worst when the lockdown measures were instituted to curb the spread of COVID19. The service has also launched at a time when the crypto market has experienced strong growth. In March 2021, the crypto market reached a market capitalization of over 2 trillion.
The strong growth in the crypto sector has led to a growth of Bitcoin millionaires from just 15,000 a year ago to around 100,000.
As the global travel industry opens up, many travelers have expressed a desire to make up for lost travel opportunities. A study by Travala.com found that 71% of Americans said they would spend more annually on travel than before COVID19. The study also found that almost a quarter of Americans (23%) were willing to spend over two paychecks on a trip abroad.
What Leaders Had To Say
When discussing the recently launched service, Juan Otero, the Travala.com CEO, said that the travel sector was changing fast. He noted that lost time during the past year and a strong performance by the crypto markets had led to many people being willing to put a travel experience above everything else.
He added that it was the reason they had launched the Concierge service. According to him, the service would
“give high-net-worth travelers the luxury experiences they want — including tailor-made personalization, exclusive service and high-end experiences — and the flexibility to pay for it with crypto, fiat currency or both.”
According to him the rise of travel and the thousands of newly minted Bitcoin millionaires made this the perfect time to launch a premium travel service such as Concierge.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.
This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.
