Is Travel Booking via Crypto Feasible?

Sarah
Sarah Dandashy
Jun 24, 2021
Learn more
blockchain Juan Otero Sarah Dandashy Say Yes To Travel technology Travala Travel Booking Platforms Travel Industry
Share this post

Driven by consumer desires for new experiences, innovative technologies and environmental impacts – travel is changing. Host Sarah Dandashy explores the technologies and logistics that power travel and the brands that build unforgettable experiences.

 

On this episode of Say Yes To Travel, Host Sarah Dandashy talked with Juan Otero, Co-Founder, and CEO of Travala, a leading blockchain-based travel booking platform offering +2,000,000 properties in 230 countries with prices up to 40 percent cheaper than mainstream booking sites. Dandashy and Otero dug into Otero’s career, Travala and blockchain, and what changes are brewing in the travel industry post-COVID.

“We were the first movers in applying blockchain to a traditional online travel agency.” -Juan Otero

Otero’s career combines a solid combination of tech and travel. He even spent some time working at Booking.com. He served as the CEO and Founder of Restaurantes.com, Europe’s leading online restaurant reservation service, named by Wired Magazine one of Europe’s fastest-growing digital companies in 2012. In 2015, he got his start in blockchain and really became interested in how it could impact the travel industry.

“That’s how we came up with the idea for funding Travala in 2017,” Otero said. “We were the first movers in applying blockchain to a traditional online travel agency.”

While Otero didn’t necessarily see a pain point when he started Travala, he understood the power of blockchain. Blockchain allows the travel industry to decentralize a lot of the processes that are in place. These processes include better pricing, more flexibility, and more payment options. Otero said this goes for other industries, as well.

“Obviously, my experience in the travel industry allowed me to see pretty clearly there was an opportunity there, not just to decentralize a lot of the processes or relationships between travel suppliers and travelers, but to bring a more fair and transparent relationship to the different participants,” Otero said. “… and to enhance the whole booking experience with blockchain technology.”

Say Yes To Travel has a New Episode Every Thursday!

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

data-driven tools
Leverage Data-Driven Tools and Local SEO for Maximum Search Engine Rankings
July 26, 2024

As businesses continue to navigate the digital landscape, data-driven tools are more crucial than ever for effective SEO strategies. Understanding and implementing the proper SEO practices can make a significant difference with evolving algorithms and competitive markets. Given that 75% of users never scroll past the first page of search results, this statistic underscores…

Read More
On-device AI
On-Device AI is Today’s Tech Innovation, Competition and Market Leadership Driver
July 26, 2024

On-device AI revolutionizes the tech landscape, making it a critical factor for industry dominance. This cutting-edge technology directly integrates advanced AI capabilities into devices, transforming consumer and enterprise applications. This shift stems from the need for improved performance, reduced latency, enhanced data privacy & security, and personalized user experiences. With advancements in neural processing…

Read More
modern supply chains
The Role of AI in Modern Supply Chains: Insights from Aaron Hatfield at Arvist
July 26, 2024

Artificial intelligence rapidly transforms modern supply chains, with companies like Arvist leading the charge. In a recent episode of Hammer Down, hosted by Mike Bush, Aaron Hatfield, the Head of Sales at Arvist, sheds light on AI’s practical applications and benefits in enhancing supply chain operations. Is AI in the supply chain a double-edged…

Read More
semiconductor manufacturing
Training New Semiconductor Manufacturing Professionals is Key to Meet Coming Domestic Manufacturing Demand
July 26, 2024

Over the past few years, the U.S. has made significant strides in semiconductor manufacturing, driven by substantial investments and strategic policies. With the CHIPS Act expected to triple domestic semiconductor manufacturing capacity by 2032, the need for a skilled workforce is more urgent than ever. This discussion explores the key question: What does the…

Read More
Related
hospitality customer reviews
Software & Technology
Customer Reviews Shape Hospitality Brand Success. How Do You Turn Reviews Into Revenue?
July 25, 2024
Healthcare
Robots? In My Hotel? Three Ways AI is Stepping Up as Hospitality’s Next Great PMS Support Tool
July 23, 2024

Artificial intelligence is uniting departments and supporting hospitality from behind the scenes By Warren Dehan Where did all of these robots come from? While hospitality may seem like the last place you might expect to find Artificial Intelligence, this technology has significantly impacted how hoteliers do business. While most generative AI today reacts to text…

Read More
Modern PMS
Healthcare
Modern PMS: Anchoring Today’s Hotel Tech Stack
July 9, 2024

Conversations at HITEC Charlotte confirmed that an All-In-One property-management system with Open APIs, centralized guest data, and embedded payments will provide the technology stabilization operators need to weather turbulent times and be grounded for future growth By Audrey MacRae “NOW is the time to invest in hotel technology.” That was the general consensus among attendees…

Read More