Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19

[Nikko]

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.

Readmore: https://cointelegraph.com/news/blockchain-travel-platform-lost-90-of-booking-volumes-due-to-covid-19

[TomPluz]

Good thing it is not totally 100% as travel and tourism took the biggest negative hit so far in this pandemic times. And sadly, there is no timetable for the recovery of the affecting surrounding industries. This problem can be facing us into 2021 and even beyond. All the growths for the past many years just evaporated like water over the desert area.