Encrypted and friendly hotel booking platform Travala.com is betting on the market position of online travel agencies in China

BlockBeats - On September 17, 2020, Travala.com, the world's leading encrypted and friendly hotel booking platform, has added a Chinese version to its website in the hope of making it easier to tap into the growing Chinese travel market.

Travala.com will also accept renminbi payments from September 17 and plans to add WeChat payments in the coming weeks. WeChat users will be able to log in and sign up using their WeChat account, having previously been able to log in and sign up using Facebook, Google and Binance. Tapping into the Chinese market and finding a niche has been a long-term goal for the company. While novel Coronavirus has impacted the global economy, Travala.com hopes to further expand the market and gain more user recognition. Especially at a time when western countries are still grappling with the spread of coVID-19, the Chinese market appears to be recovering, especially in terms of domestic travel.

China's domestic travel has been booming over the past decade, growing more than 50 percent to 2.38 billion a year. The number of international trips by Chinese tourists to Japan, Thailand and South Korea is increasing. According to China Travel Service, outbound trips from China are growing by 14 percent annually, reaching 168 million by 2019.

Every travel company in the world wants a piece of this market. There are three reasons for Travala.com's success in western markets, and it is believed that these three factors will appeal to Chinese value-driven travelers:

1. Multiple payment methods, including leading cryptocurrencies, credit CARDS and various payment gateways.

2. A competitive price (40% lower than the main competitor) is a powerful incentive to try new platforms

3. And an encrypted travel-reward program that ensures value regardless of the state of the travel market

As close watchers of Travala.com know, articles related to Travala.com have been appearing on major Chinese media websites for a long time. This year Travala.com has established partnerships with a number of strategic partners, including Chinese encryption companies and new travel providers, as well as an alliance with Travelbybit that was launched in March.

Travala.com launched its AVA token and has become a travel partner for China Wallet Met-one and listed on Chinese trading platform Gate-io. AVA also launched two trading platforms, Kucoin and MXC. Travelbybit has been organizing business and leisure travel for the China Ecoan team for some time, and through this experience, Travala.com has learned what it takes to be a successful supplier in the region.

About Travala.com

Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service provider, with more than 2.2 million hotels and homes in 230 countries/territories, and more than 600 airlines worldwide offering bookings. With the support of industry giant Binance, Travala.com has become a champion of adopting cryptocurrencies, accepting more than 30 leading cryptocurrencies in addition to traditional payment methods. Travala.com's value proposition is supported by AVA. As the platform's native cryptocurrency, AVA can be used to make payments, receive loyalty rewards, discounts and bonuses, among other things.

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