Travel is one of life’s great pleasures, but it’s hardly an affordable one. Bookings providers make bank from unwary travelers, and finding the right price can be a matter of luck rather than skill. Or, if you prefer AirBnB, you’ve got those hidden cleaning fees – the main purpose of which seems to be to clean your pockets.
Fortunately, one company is offering a crypto solution to the traveler’s woes. Travala is a next-generation online travel agency (NOTA) whose booking platform combines decentralized technologies and tokenized incentives.
Using blockchain technology, Travala offers the travel industry cost efficiencies, a secure payment platform, and an easy-to-implement loyalty rewards program.
Travala (formerly known as Concierge) concluded its initial coin offering in April of 2018, raising around US $2.6 million in funds. Since then, Travala has seen dramatic growth in its partnerships with hotel providers and aggregators. The platform currently offers access to more than 565,000 properties across 210 countries.
According to CEO Matt Luczynski, Travala is “on average 15% cheaper than mainstream competitors” like Expedia or Booking.com.
Travala offers services similar to those of current travel booking platforms. From user experience, it appears as if the company is already delivering the functions outlined during the ICO.User Experience
While this author hasn’t yet booked any hotel offerings through the Travala, there are plenty of reviews from those who have.
One frequent traveler used the Travala platform to book a stay in a room that was “spacious by Hong Kong standards.” The author says, “Travala packaged everything up nicely, all-inclusive price and you could see exactly what you were paying.”
The review also includes a cost comparison between Travala and Booking.com, highlighting the transparency on taxes and final costs.
Another user, b...