Travala aims to be a global online travel booking marketplace disrupting the Travel industry as they are building an online booking platform on the NEO decentralized engine and blockchain.
It combines blockchain technology and industry know-how to create a decentralized marketplace, designed to increase the transparency and efficiency of the industry, while reducing costs. The platform utilizes the NEO blockchain to connect consumers directly with vendors, reducing third party interaction.
In December, Travala will be releasing a next update to their platform which will include 400,000 more properties. With this addition, the amount of accommodation (hotels, villas, resorts, hostels, apartments) listed on our marketplace will increase to in excess of 550,000 across 210 countries in 6 continents.
Here is a breakdown of these numbers across continents and countries:
What you'll learn 👉
North America
United States — 77,617
Canada — 10,581
Mexico — 9,786
Costa Rica — 2,034
Dominican Republic — 1,215
Jamaica — 873
Cuba — 745
Europe
Italy — 51,589
Spain — 34,821
France — 29,760
United Kingdom — 26,328
Germany — 24,681
Greece — 18,498
Turkey — 13,632
Asia
China — 29,428
India — 19,195
Thailand — 19,160
Indonesia — 12,449
Japan — 11,036
Vietnam — 5,918
Malaysia — 5,433
South America
Brazil — 14,606
Argentina — 5,190
Colombia — 3,362
Peru — 2,323
Chile — 2,228
Ecuador — 1,117
Uruguay — 633
Oceania
Australia — 13,897
Indonesia — 12,449
New Zealand — 3,979
Fiji — 308
French Polynesia — 174
Vanuatu — 130
Cook Islands — 108
Africa
Morocco — 3,520
Egypt — 2,014
Tunisia — 907
Kenya — 728
Nigeria — 617
Tanzania — 583
Mauritius —542
Travala held their ICO back in April this year and collected $2.6 million for their AVA tokens. It currently ranks on 431st position on coinmarketcap with a market cap of $3.5 million and almost non-existent daily trading volume of $7k in 24 hours. One AVA token currently costs $0.12 and can be bought on Switcheo, a NEO based exchange.
HitBTC is one of the largest cryptocurrency exchanges. Read the HitBTC review here.
One advantage of Travala is immutable reviews. To see how reviews for example are manipulated at Booking.com read the following article: https://ro-che.info/articles/2017-09-17-booking-com-manipulation (the part near the bottom is especially deceptive)
There is another example of this how a fake restaurant became the number one in London on Tripadvisor: https://www.vice.com/en_uk/article/434gqw/i-made-my-shed-the-top-rated-restaurant-on-tripadvisor
That all happens, because people put trust in centralised services. With blockchain technology transactions are logged, so you are not going to write a review when you have not been to a certain location.
The team behind the project is professional and transparent in their dealings. They have continuously exceeded expectations and already have a working product which provides value since bookings through the platform usually get you at LEAST a 15% DISCOUNT on average (personal observation) by cutting out the middle man. With fiat and other cryptocurrencies soon to be integrated and with more adoption, the platform could become a household name in the near future.
