Binance Pay and Travala report a surge in crypto travel bookings
Binance Pay, a cryptocurrency payment app, and Travala, a crypto-native travel booking service, have shared data that suggests crypto is becoming a mainstream payment method when it comes to travel bookings, as per the reports shared with Finbold on Friday, May 23. Welcome to a new era of travel. In 2024, over $100M was transacted on Travala—80% in crypto. Crypto travelers: Have a 3x greater avg lifetime value ️ Stay 3.5x longer Spend 2.5x more per trip ️ Book 52% closer to departure Are 57% more likely to book a hotel again pic.twitter.com/tAH55LLnMH — Travala.com ️ (@travalacom) May 23, 2025 The rise of crypto in the travel industry Crypto payments have been a thing in tourism since 2018, but initially, they did not gain much traction. Five years later, however, in 2023, Travala is seeing $45 million in travel bookings paid with crypto. In 2024, the number is $80 million, an impressive 78% year-on-year increase from 2023. As of May 2025...