CZ's shout-out for the encrypted version of "Trip.com", $AVA soars by 342%

The travel platform supporting cryptocurrency payments @travalacom announces annual revenue exceeding $100 million, further promoting the application of cryptocurrency in the travel industry and revealing its native token AVA's funding reserve strategy with Bitcoin. Following the announcement, CZ retweeted, attracting market attention, and the price of AVA surged.

Below, we provide a detailed introduction to AVA, the "Trip.com" of the crypto world.

Travala was founded in 2017 and is a major travel booking platform aimed at improving the booking experience through blockchain technology.

Initially, Travala operated its AVA token on the NEO blockchain and later announced its migration to Binance Chain by the end of 2019.

Joterovila is the co-founder and CEO of Travala, a serial entrepreneur, and an innovation advocate. Previously, Juan was the founder and CEO of Restaurantes, which is Europe's leading online restaurant booking service and was recognized by Wired magazine as one of the fastest-growing digital companies in Europe in 2012.

Travala's annual revenue has surpassed $100 million, primarily driven by flight and hotel bookings, reflecting significant growth compared to $59.6 million in 2023. Since its annual revenue of $4.4 million in 2020, Travala surged 830% to $41 million during the 2021 bull market, with revenue further growing to $60.5 million in 2022, though slightly declining in 2023.

Travala has made progress in recent years:

1. Diverse Payments: Supports over 90 cryptocurrencies and credit card, PayPal payments.

2. Service Expansion: Covers over 220 countries, expanding from hotel bookings to flights, activities, etc.

3. Partnership Expansion: Collaborates with travel giants like Booking and Expedia.

4. Community Incentives: AVA staking rewards and governance participation.

5. Pandemic Recovery: Launched a travel points program, with sales returning to pre-pandemic levels.

In addition to AVA, the following coins in the same sector are worth attention:

Dtravel

A decentralized housing rental platform incubated by Travala, supports bookings with the $TRVL token.

Staynex

Innovating hotel bookings through blockchain, collaborating with 2.5 million hotels, supports the $STAY token. Announced cooperation with Huawei in 2023.

DRIFE

A decentralized ride-hailing platform with zero commission, supports payments with the $DRF token, trial operation in Dubai in 2024.