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Nearly US $500 Million Investment by Expedia, East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital Highlight Confidence in Traveloka and Potential of Southeast Asia Travel Market

2017-07-31 10:29
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JAKARTA, Indonesia, July 31, 2017 /PRNewswire/ -- Traveloka announced today that the company has raised approximately $500 million through investments from global online travel leader Expedia, Inc. (NASDAQ: EXPE), East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital within the last year. The investment by Expedia, Inc. will deepen the existing partnership in hotel supply, allowing Traveloka to provide even greater selection of international accommodations inventory to Southeast Asian travelers.

"Partnering with the world's leading online travel company will allow us to focus on our continued growth in the online travel space to meet our goal of providing travelers the best travel options and highest quality booking experience," said Ferry Unardi, Co-founder and Chief Executive Officer, Traveloka. "The expanded partnership gives Traveloka travelers access to a unique and diverse set of international accommodations and we are looking forward to working with Expedia to expand our services in Asia and beyond."

"Traveloka is the clear online travel company leader in Indonesia, and is expanding aggressively throughout Southeast Asia. Our partnership will benefit from each side's expertise and local knowledge, and accelerate our mutual growth," said Dara Khosrowshahi, President and Chief Executive Officer, Expedia, Inc. "We are incredibly excited to continue to expand our presence in Asia, to learn from the talented Traveloka team and to unlock a more diverse offering of travel choices for Traveloka and Expedia travelers around the globe."

Expedia, Inc. is a globally recognised international online travel company, and this latest investment in Traveloka affirms the scale of and surging international interest in the Asia Pacific travel sector. In particular Southeast Asia is expected to reach $83 billion in tourism receipts in the region by the end of 2017 according to ASEAN.

With the latest round of investments, Traveloka will continue to focus on delivering the best travel experience by developing Research & Development projects through artificial intelligence and machine learning capabilities, and close focuses on customer behaviours unique to individual countries, leveraging data to provide customers a better online travel experience. The company specializes in localising offerings, such as localized payment methods, as well as local customer service in their native languages.  Building the best end-to-end products and services is key to the success of Traveloka.

About Traveloka

Traveloka is a leading Southeast Asia online travel company that provides a wide-range of travel products in one platform. Traveloka has established partnerships with more than 100 domestic and international low-cost and full service airlines, serving more than 200,000 different routes throughout Asia Pacific and Europe. The online travel company has the largest direct accommodation inventory in Southeast Asia, varying from hotels, apartments, guest houses, homestays, resorts and villas. Traveloka offers more than 40 different localized payment options for consumers in Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines, as well as, customer service in native languages. The Traveloka mobile application has been downloaded more than 20 million times, making it the most popular travel booking app in the region. For more information about the company, visit press.traveloka.com.

For further information:

Andre Ananta Pianaung
Edelman Indonesia
Andre.pianaung@edelman.com
P: +62-21-72159000  / M: +62-878-8989-6441

Source: Traveloka

Related stocks: NASDAQ-NMS:EXPE

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