Travelers utilizing cryptocurrency for booking arrangements are spending more than double the amount compared to regular travelers using traditional fiat money. A joint report from Binance Pay and crypto travel platform Travala revealed that crypto-based bookings on Travala surged to $80 million in 2024 from $45 million the previous year. On average, crypto travelers are spending $1,211 per transaction, which is over 2.5 times higher than the $469 spent by fiat users. The report also highlighted that crypto users tend to have longer stays and make more repeat bookings, making them three times more valuable over their lifetime. The integration of digital currencies by airlines has led to a 40% increase in bookings, with the travel and hospitality sector representing 14% of all crypto transactions in 2024. The borderless and global utility of crypto is a key advantage for travelers, allowing them to avoid currency exchange lines and foreign transaction fees while paying instantly with their existing assets. Read more AI-generated news on: https://app.chaingpt.org/news