Travala.com Evaluates Acquisition Opportunities After Receiving $100 Million Offer
Travala.com, a blockchain travel platform backed by Binance, is considering acquisition offers after receiving an unsolicited proposal. The platform generates over $100 million in annual revenue and is valued at approximately $100 million.
- Offers over 3 million travel options across 230 countries
- Accepts payments in various cryptocurrencies, including its native token, AVA
- Recent revenue increased from $59.6 million in 2023
- Booking.com previously considered acquiring Travala but did not proceed
- Ongoing discussions with other potential buyers; no agreements reached yet
- Binance's approval will likely be necessary for any sale
- Dtravel, launched in 2021, allows users to share ownership via TRVL tokens
- Partnership with Viator expanded travel offerings
- Integrated Solana for stablecoin payments in USDC and USDT
- Growth has slowed due to competition from larger platforms
Despite uncertainty regarding future ownership, Travala's strong financial performance and innovative approaches position it well for growth in the decentralized travel sector.