Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19
Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic.
The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19.
At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto travel agency Travala, said that the platform experienced a steep drop in booking volumes.
Otero stated that till February, Travala was seeing exponential growth with a consistent rise in booking volumes. But as the coronavirus pandemic reached crisis levels, the firm saw an 80–90% drop in total bookings within a few weeks.
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