"Travala Explores $100M Acquisition Offers Amid Crypto Travel Boom"

Binance-Backed Travala Explores Potential Acquisition Offers

Binance-backed online travel booking platform Travala.com, known for accepting crypto payments, is reportedly exploring an acquisition offer at a valuation of $100 million. The company's advisors have been consulting with other major travel platforms regarding a potential acquisition deal. However, nothing has been confirmed yet, and the company may ultimately choose to remain independent.

Travala Explores Potential Sale

The future ownership of Travala.com, a popular travel booking platform with a vast product selection, is uncertain as the company considers a possible acquisition. Founded in 2017, Travala offers over 3 million travel products in more than 230 countries and accepts payments from various cryptocurrencies, including its native token, AVA.

Industry sources indicate that Travala could be valued at over $100 million in an acquisition. The company's strong financial performance supports this valuation estimate. Travala generated revenue exceeding $100 million in the previous year, and industry analysts anticipate significant revenue growth in 2025. The expectations are largely driven by factors such as the increasing adoption of cryptocurrency payments and the growing popularity of blockchain-based travel services.

As a significant shareholder in Travala.com, Binance's position will influence any potential company acquisition. The crypto exchange's approval is likely to be necessary for the deal to proceed.

Last month, Travala's AVA token experienced a 300% price increase within an hour after former Binance CEO Changpeng Zhao (CZ) revealed that Binance had invested in the crypto travel platform before the pandemic. The announcement coincided with Travala's milestone of surpassing $100 million in gross annual revenue, a significant jump from $59.6 million in 2023. The company attributed this growth to increased flight and hotel bookings, which customers can pay for using over 100 cryptocurrencies.

However, since its record rally, Travala's AVA price has struggled to sustain momentum. The token's market cap has since fallen to $48.7 million from its $180 million peak on December 13.

Regardless, Travala has introduced many innovations in decentralized travel since its inception. In 2021, Travala.com launched