Travala has informed its users of the Covid-19 situation and how it is taking measures to counter the Coronavirus emergency.
In an update a few hours ago, the tourism platform famous for accepting cryptocurrency payments illustrated how it is dealing with this emergency.
In a worrying global situation, a full-blown pandemic, the sector most affected by the Covid-19 emergency is undoubtedly tourism, with travel agencies grappling with closures, refunds and trips being postponed or even cancelled.
In addition to the health protection measures, which Travala is in the process of implementing, the platform continues to operate, albeit with reductions compared to previous months. Travala has specified that even in the worst-case scenario, i.e. with no reservations, it can go on for 18 months.
This was made possible by the considerable financing it has received from equity crowdfunding and the fact that being a young start-up, it has much lower management costs than traditional platforms which have not adapted to technological progress.
In addition, Travala has also introduced some incentive measures to promote tourism, such as the reduction of fees on reservations and the management of technical support 24/7, precisely to meet all those reservations that have suffered cancellations, managing to provide an extremely rapid refund policy.
Finally, the update ends with a thank you to the AVA token holders, which in the last month has seen a sharp reduction in value from 0.23 to 0.06 dollars, losing more than 70% of its value in a month and sinking its position to 502 on CoinMarketCap.