Binance Pay and Travala reported an increase in encryption travel reservations

Binance Pay, which is the Cryptocurrency and Travala Payment application, which is a frequent travel reservation service, which participates in data indicating that Crypto has become a prevailing way when it comes to travel reservations, according to joint reports with Finbold on Friday, May 23.

The climb of encryption in the travel industry

The encryption payments have been something in tourism since 2018, but at first, they did not gain a lot of traction.

Five years later, in 2023, Travala is witnessing $ 45 million in travel reservations with Crypto.

In 2024, the number is 80 million dollars, which is a great annual increase in 2023.

As of May 2025, approximately 80 % of reservations on the platform are paid in digital assets, and total total revenue increased to $ 103.3 million.

The enabling of Travala’s encryption transactions is Binance Pay, which has become the leading external payment method on the platform, and transcends traditional payment cards and services such as Apple Pay.

Population traveler coding

In addition to increasing the dependence of encrypted payment, Travala has many other information that indicates that encrypted travelers have become recognized demographic.

For example, encryption holders tend to spend more on their reservations – at a rate of $ 1211 per reservation compared to $ 469 for FIAT users.

In addition, they are likely to plan the holidays for the near future, as they booked flights only 11 days ago on average.

Moreover, it also remains longer and is likely to return to the same destination, as repeated reservation rates indicate 57 %.

As for the most popular destinations, in 2024, they included cities such as Dubai, Bangkok, London, Tokyo and Paris, and all urban sites with strong digital infrastructure and the attractiveness of encryption.

Digital symbols such as Lisbon, Barcelona and Mexico City also continue to flourish as famous encoding.