In response to the increasing demand for diverse payment options, Skylux Travel, a leading American luxury travel provider, has launched an innovative digital payment solution in partnership with Triple-A. This new feature allows customers to book flights using popular cryptocurrencies, providing a secure and seamless experience for tech-savvy travelers. Clients can now utilize cryptocurrencies such as Bitcoin, Ethereum, and USD Coin to facilitate their travel bookings.
Following this significant launch, Trevolution Group, the parent company of Skylux Travel, plans to extend cryptocurrency payment options to its other travel brands. The initiative is projected to generate an additional $50 million in gross booking revenue annually from flights purchased with digital currencies.
The Rise of Cryptocurrency in the Travel Industry
As the global travel landscape evolves, cryptocurrency is becoming an increasingly favored payment method, particularly in the “Travel and Hospitality” sector, where it is now widely accepted for flights, accommodations, and rental vehicles. In the first half of 2024, global cryptocurrency ownership increased by 6.4%, rising from 580 million users in December 2023 to 617 million by June 2024. This surge is largely driven by younger generations who embrace new financial technologies and carry cryptocurrencies in their digital wallets. Skylux Travel has emerged as a leader in adapting to this trend within the luxury segment.
Seamless Booking Process with Enhanced Security
To book flights using cryptocurrency, Skylux Travel customers can simply select their preferred digital currency at checkout, where Triple-A ensures secure transaction processing. The exchange rate is fixed at the time of checkout, safeguarding both the customer and Skylux Travel from market volatility. Once payment is confirmed on the blockchain, customers receive their booking details and flight tickets via email. In addition to cryptocurrencies, Skylux Travel continues to accept traditional credit card payments. For customer support, a dedicated 24/7 team is available to assist throughout the payment process. Triple-A oversees all aspects, including compliance checks and crypto-to-fiat conversions, allowing Skylux Travel to concentrate on delivering exceptional travel experiences.
Industry Leaders Weigh In
Daniel Lei, Executive Vice President of Trevolution Group, expressed enthusiasm about the new payment option: “With crypto transactions gaining popularity and offering high security and privacy, we are thrilled to provide our customers with the ability to pay for air travel using cryptocurrency. We expect to expand crypto-supported payments to other brands in our portfolio, empowering our clients to use their digital assets more efficiently while enjoying luxurious travel experiences.”
Eric Barbier, CEO of Triple-A, added, “The adoption of digital currency in the travel sector is on the rise, as customers seek flexibility and innovation in payment options. Our partnership with Skylux Travel positions us to meet this demand while establishing a new standard for convenience and security in luxury travel.”
A Leader in Luxury Travel
Skylux Travel, a premier brand within the Trevolution Group, has established itself as the preferred choice for high-end and leisure travelers seeking substantial flight savings and exceptional customer service. Known for optimal route options, custom airline combinations, and exclusive rates negotiated with over 70 international airlines, Skylux Travel achieved remarkable success in 2023, surpassing pre-pandemic performance by 51% with over 108,000 unique airline tickets sold. The company maintains a 40% client return rate, further solidifying its reputation as a leader in the luxury travel industry.
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