Travellers using cryptocurrency for booking arrangements spend more than twice as much as regular travellers using fiat money, according to a joint report from Binance Pay and crypto travel platform Travala.

Crypto-based bookings on Travala reached US $80 million in 2024, up from $45 million the previous year. Crypto travellers are also outspending their fiat counterparts, with an average booking value of $1,211 per transaction, more than 2.5 times more than fiat users who spend $469.

Additionally, the report revealed that crypto users were three times more valuable over their lifetime due to longer stays and higher repeat bookings, with crypto travellers 57% more likely to make a repeat hotel purchase.

Juan Otero, CEO of Travala,…