Bitcoin-rebate service Lolli is expanding its roster of travel partners. The company announced today that it has struck a deal with Hotels.com to allow users to earn 3.5 percent sats back on all bookings on the website.
Lolli launched in the trough of the 2018 bear market when bitcoin began its descent into the $3,000 range. Even so, that didn’t stop the service from swelling to 10,000 users by March 2019. With the Chrome/Firefox plug in, users can earn a percentage of every purchase back in bitcoin when they shop at one of Lolli’s 500-plus partners. These include Walmart, Macy’s, Overstock, Barnes & Noble and many others, including travel companies.
Travel Rebates in High Demand
In fact, travel has emerged as the platform’s most popular category. Lolli co-founder and CEO, Alex Adelman, told Bitcoin Magazine that people use travel services like VRBO, Hilton, Marriott, Bookings.com and CheapOAir more than anything else to earn bitcoin on Lolli. This is mainly due to the fact that these particular services give healthy rebates (CheapOAir, for instance, pays a flat 0.001987 BTC and Marriott pays 6.5 percent back) and that travel purchases are large, netting more bitcoin back in return, which makes them ideal for stacking sats.
Available in 34 languages and with a hotel list 325,000 strong, Hotels.com is bound to help this trend. It is the third most-used travel site in the world behind Bookings.com (number two) and Airbnb (number one), meaning Lolli now has four booking websites in the travel industry’s top ten most used (Marriott and Hilton are number six and number 10, respectively).
According to the Lolli announcement, people spent $1.1 trillion on travel in the U.S. alone. If Lolli was to capture even 1 percent of this market, that would mean 3.24 million people spending $11 billion and earning 34,000 BTC ($385 million) back.
The company is striving toward this goal and won’t be resting on the laurels of its most recent deal. Adelman told Bitcoin Magazine that Lolli is leveraging its Hotels.com and Booking.com partnerships “to begin international expansion in the coming months.”