Utilising blockchain technology, Travala.com will be a global online travel booking marketplace. Travala.com is building its online booking platform upon the NEO decentralized engine and blockchain. (The Travala.com Travel Booking Marketplace). The AVA booking ledger will be the core of the ecosystem. Travelers and merchants are offered peer to peer communication, enabling direct dealing with 0% commission. Travala.com aims at being the go-to travel marketplace worldwide.
Current online platforms have such power over vendors they issue an average of 30% fee on each booking (In some cases we have seen up to 50% fees). Due to the dominance of the key players, it’s hard for vendors from small to large groups to go elsewhere, until now. Travala.com provides a user-friendly booking and exchange platform utilizing the NEO blockchain. The platform will be beneficial for vendors, offering them considerable lower costs to use the platform. Thus, allowing vendors to set a lower price for consumers but retain a higher profit they are entitled to. The platform will provide a transparent, safe and non-influential environment for consumer something which we haven’t yet seen within the industry.