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Travala targets new crypto millionaires with concierge service



Source: Adobe / Robert Kneschke

As the ongoing bull market has increased the number of crypto new rich, the company is trying to capitalize on this trend by offering premium services to new crypto millionaires or even billionaires.

The most recent example is Binance-supported online travel agency Travala, which launched “Concierge”, a new service for “a growing group” of wealthy travelers, giving them access to private jets, yachts, private islands, helicopters and limousine transfers.

Travala aims to provide service to the expanding ranks of “Bitcoin millionaires ”, citing Bitinfocharts.com The data this suggests that there are now nearly 104,000 addresses that hold at least $ 1 million worth of BTC.

The company said about 70% of its bookings, which are worth around $ 2 million per month, are paid for in crypto.

“The new service is only available to users with a minimum booking spend of $ 50,000 per year on Travala.com and trips through Concierge can be booked through more than 40 coins or credit / debit cards,” the agency said. travel online.

A survey by Travala earlier this year found that nearly 25% of 1,000 respondents said they plan to use crypto to pay for at least part of their travel in 2021. Of those who plan to spend money crypto for this purpose, the share wanted to spend bitcoins, at 70%, while 45% would spend tie (USDT) too, and 37% would also use ethereal (ETH).

While Travala has traditionally positioned itself as a low-budget travel provider, the company says there has been a “noticeable” spike in demand for luxury travel services from its customers. As many countries prepare to lift various travel restrictions amid accelerated vaccine rollouts across the world, “people have expressed willingness to pay a premium for time lost,” Travala said.

Recent data obtained by the platform suggests that 71% of Americans surveyed expected to spend more each year on travel than before the pandemic, and nearly 25% were willing to spend more than two full paychecks to go on a trip. international.

Other companies offering similar services include the private jet charter service BitLux which also addresses its offer to crypto users.
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Learn more:
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