Travertine is a sedimentary rock formed by the chemical precipitation of calcium carbonate minerals from fresh water, typically in springs, rivers, and lakes; that is, from surface and ground waters. In the broadest sense, travertine includes deposits in both hot and cold springs, including the porous, spongy rock known as tufa, and also the cave features known as speleothems (which include stalactites and stalagmites). Calcrete, which is calcium minerals deposited as a horizon in the soil profile, is not considered a form of travertine.

Travertine is often defined in a more narrow sense as dense rock, sometimes massive but more commonly banded or with a fibrous internal structure, deposited in hot springs. In this more narrow sense, travertine is distinct from speleothems and tuff. Travertine is sometimes defined by its mode of origin, as rock formed by inorganic precipitation of calcium carbonate minerals onto a surface following exchange of carbon dioxide between the atmosphere and groundwater. Calcrete, lake marls, and lake reefs are excluded from this definition, but both speleothems and tuff are included.

Fresh travertines vary widely in their porosity, from about 10% to 70%. Ancient ones may have porosities as low as 2% due to crystallization of secondary calcite in the original pore spaces, while some of the fresh aragonite travertine at Mammoth Hot Springs in Wyoming has a porosity greater than 80%. A porosity of about 50% is typical for cold spring travertine while hot spring travertines have a mean porosity of about 26%. Speleothems have low porosities of less than 15%.

References: https://en.wikipedia.org/wiki/Travertine